Long Term Care Annuities
Take a cost-effective approach to long term care insurance with a long term care annuity through Associated. Combine the advantages of a tax-deferred annuity with the power of long-term care coverage:
- Earn interest at a guaranteed rate on your annuity payments
- Annuity income used to pay long term care premiums is tax-free, effectively lowering the cost of the insurance
- No need to worry about annual insurance rate increases
- Accumulated earnings can be withdrawn, though surrender fees and taxes may apply
- Unused funds can be passed to your heirs
Long term care annuities typically require less medical underwriting than traditional long term care policies. And if you purchase jointly with your spouse, you pay less than for separate policies.
Let your Associated Investment Services** financial consultant help you explore your options, offering clear, complete explanations so you can make an educated decision. Call or visit the branch nearest you to learn more about long term care annuities.
All annuities are subject to the claims paying ability of the insurer. Ordinary income taxes apply to withdrawals of earnings. Withdrawals prior to age 59 ½ are generally subject to a 10% IRS penalty tax. Consult your tax adviser to consider your personal tax circumstances.
*SECURITIES AND ADVISORY SERVICES ARE OFFERED BY ASSOCIATED INVESTMENT SERVICES, INC. (AIS), member FINRA and SIPC, d/b/a Associated Investment Services Group in Minnesota. • AIS is an affiliate of Associated Banc-Corp (AB-C). • Associated is a marketing name AB-C uses for products and services offered by AIS. • INSURANCE PRODUCTS are offered by licensed agents of AIS. These products may include annuities, life, disability and long-term care insurance for individuals. Insurance products are the obligations of the issuing insurance companies. • AB-C and its affiliates do not provide tax, legal or accounting advice. Please consult with your tax, legal or accounting advisors regarding your individual situation.
Investment, Securities and Insurance Products:
- NOT A DEPOSIT
- NOT FDIC-INSURED
- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- NOT GUARANTEED BY THE BANK
- MAY LOSE VALUE