HELP CLIENTS TURN TAXABLE GAINS INTO TAX-FREE LTC BENEFITS
Bridge® provides LTC coverage with tax perks
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If you have clients planning to use a taxable vehicle to cover potential long-term care (LTC) costs, it’s time to let them know there’s a more tax-friendly solution.
Offer up the possibility of using a 1035 exchange to transfer a Non-Qualified taxable annuity into Bridge. What’s the advantage? If your clients experience a qualifying LTC event and use the money in their annuity to cover associated expenses, the cost basis and the gain are available tax-free.
2 If under the age of 59½ at the time of withdrawal, an additional 10% IRS penalty may be imposed.
Bridgecontract issued on Form Series ICC12-ET-EIA-2000(01-12) or ET-EIA-2000(11-21). Long-Term Care Rider issued on ET-LTC(04-22). NeverStopSMWellness Rider issued on ET-WEL(11-21). EquiTrust does not offer investment advice to any individual or agent/producer and this material should not be construed as investment advice. Products underwritten, issued and distributed by EquiTrust Life Insurance Company, West Des Moines, Iowa.
