Some annuities include long-term care (LTC) riders that double or triple the income benefit if you need long-term care. These hybrid annuity/LTC products provide both retirement income and LTC coverage. An independent agent can compare hybrid annuity/LTC options.
Key Points
- Some annuities include LTC riders
- LTC rider: doubles or triples income benefit if you need long-term care
- Hybrid annuity/LTC: provides both retirement income and LTC coverage
- Alternative to standalone LTC insurance
- An independent agent can compare hybrid annuity/LTC options