In the U.S., more than half of those who turn 65 will need long-term care in their lifetime.
A Medicaid Compliant Annuity is a single premium immediate annuity (SPIA) that contains zero cash value and provides income to the owner.
Properly structured, this annuity functions as a spend-down tool that eliminates excess countable assets, allowing the nursing home resident to become eligible for Medicaid benefits.
JenniferLangFinancialServices.com specializes in annuities and can provide guidance.
Jennifer Lang Financial Services, LLC.