True Tamplin thinks one annuity feature that agents and advisors should consider talking more about is long-term care benefits boosters.
Most financial professionals know that annuities can provide a steady stream of income in retirement, but they may not understand what some products can do for the holders later in life, Tamplin, founder of Finance Strategists, said in a recent email interview.
Note from Josh: This article is very short, but it highlights a growing trend, which is offering some LTC coverage through an annuity. As I always say, there are many terrible annuities out there, but there are also some really good ones. The LTC rider contained in some annuities is designed to help cover LTC costs in those last few years of life that tend to be very expensive.