Los Angeles, CA, August 07, 2017 --(PR.com
)-- The American Association for Long-Term Care Insurance is looking to connect with insurance and financial professionals who have helped annuity clients utilize 1035 exchanges to obtain annuity coverage that includes long term care benefits.
"We are gathering stories and examples of how insurance agents helped their annuity clients utilize the tax provisions of a 1035 exchange as part of their long term care planning," states Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI). The Association is embarking on an awareness and educational effort focused on using 1035 exchanges for the purpose of turning annuities that do not offer the option of a long term care payout into annuity contracts that do.
"We see 1035 exchanges as one of today's best kept financial planning secrets available for millions of aging Americans who are holding annuities that are out of their surrender penalty period," Slome shared. "For individuals looking for some tax-advantaged long-term care planning, a 1035 exchange offers enormous benefits worth looking into."
As part of the Association's multi-year educational campaign, real stories from real producers who helped their clients utilize a 1035 exchange are being sought. "We want the real examples to share and also to compile a roster of experienced insurance professionals who can serve as consumer resources," Slome adds.
The Association recently announced establishment of a 1035 exchange information website at www.1035exchangeinfo.com where consumers will be able to read the real examples and ultimately connect with experienced insurance agents. "Consumers already have made the American Association's comprehensive website the nation's number-one resource for long-term care insurance costs and information," Slome acknowledged. "We wanted a dedicated website where people could find specific information just on this topic."
Insurance agents seeking to contact the American Association for Long-Term Care Insurance can email Jesse Slome, visit the organization's website at www.aaltci.org or call 818-597-3227.