Annuity question.....please help?

I have been offerred a single premium deferred annuity policy with long term care insurance for $50,000 with LTC monthly maximum of $1578 and LTC coverage maximum of $75750. I am 60. Is this a good deal? If I die in 10 years does my family receive any money from the original annuity investment? Obviously I know nothing about annuities.

tennessee good health does family get any money back?

If you do not use the LTC benefit your family will most definitely get the money you have invested plus whatever interest has been accrued.

If it becomes necessary to use the LTC benefit that will reduce the payout to your beneficiaries because you will be the one receiving the financial benefit instead of your family. Their benefit will be reduced by the amount paid to you for your long term care.

I think you could do better. Let me know what state you are in...and I'll let you know for sure. (And what is your general physical health?)

I'll get back to you with a proposal.

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