Annuities are insurance contracts in which the company promises to pay a stream of income, either now or sometime in the future. Annuities can give clients the stability they are looking for during their retirement years. Annuity benefits include protection of principal from market volatility, fixed interest growth, tax deferral, and a predictable guaranteed lifetime stream of income.
Long-term care (LTC) is a range of services and supports your clients may need to meet their personal care requirements. Most long-term care is not medical care, but rather assistance with the basic tasks of everyday life, sometimes called the Activates of Daily Living (ADLs), such as bathing, eating, continence, dressing, toileting, and transferring.
Short-term care (STC) is an insurance program designed to meet pay for short duration, long-term care services typically not more than one year in duration. Typically these programs are less expensive and more streamlined on the underwriting process than a traditional long-term care program.