AALTCI Director to Address Ways Annuity Owners Miss Out on Untapped Long-Term Care Insurance Benefits

A special presentation from the director of the American Association for Long-Term Care Insurance will address ways American annuity owners can take advantage of changes in the tax law.

Los Angeles, CA, February 15, 2018 --(PR.com)-- Millions of Americans who currently own an annuity are not gaining full advantages according to a special presentation to be given in St. Louis by the director of the American Association for Long-Term Care Insurance.

"Americans have some $2.8 trillion invested n annuity contracts set aside for their retirement years," shares Jesse Slome, executive director of the American Association for Long-Term Care Insurance, a national organization that advocates for the importance of long-term care planning.

The greatest single financial risk millions of retired Americans face is the need for costly long-term care. "Tapping a current annuity to pay for long-term care could trigger tax consequences at the time when you most need every available dollar to pay for care," Slome notes.

The national expert will be in St. Louis, MO to present at the National Medicare and Senior Insurance Products Sales Summit taking place June 12 at the Marriott Grand Hotel. His presentation will focus on ways consumers can utilize current tax law to take advantage of 1035 exchanges.

"One of the least-known planning strategies enables an individual to repurpose a current annuity into one that continues to grow in value but now can also provide 100 percent tax free payments in the event of a long-term care need," Slome explained.

Insurance and financial professionals can attend the educational day in St. Louis at no charge. According to the American Association for Medicare Supplement Insurance, organizers of the national conference, the free day program includes access to some 45 different workshops as well as entrance to the exhibit convention area. Details can be found on the organization's website.

The American Association for Long-Term Care Insurance has just made available an online guide for consumers interested in learning more about 1035 exchanges. The guide can be accessed at www.aaltci.org/1035 along with examples depicting ways to take advantage of the tax law.
American Association for Long-Term Care Insurance
Jesse Slome