MassMutual Care Choice One- Life, LTC and Guaranteed Cash All In One Policy

Mass Mutual rolled out a single deposit Long Term Care product that provides Long Term Care, Life Insurance and guaranteed cash value build up all in one policy. Unlike other similar products, the MassMutual product guarantees an increase on all benefits over time.  This is a single deposit product meaning it is intended for lump sum roll-overs only.    An illustration for a 60 year old male depositing 100K is attached here for your review  MassMutual Care Choice One Ilustration

Here is breakdown of the results.  (based on current dividend payment)
100K deposit – 60 year old male

Year 10 results – $341,000 LTC, $193,994 Death Benefit, $132,499 Cash value
Year 20 results – $410,332 LTC, $234,782 Death Benefit, $175,039 Cash value
Year 30 results – $498,000 LTC, $355,412 Death Benefit, $311,000 Cash value

There is a product called Lincoln Money Guard which will provide slightly more leverage on the LTC benefit but the cash value never increases and the Death benefit will never grow. The MassMutual product may be a good alternative given the growth on both values.  Email or call our office if you would like more info, need an illustration or have general questions.

Market Linked CD’s Can Provide Higher Returns

Market linked CD’s are a good alternative to traditional bank CD’s and annuities.  Bank CD’s are currently yielding 1% on a short term basis and no higher than 3% on a 5 to 7 year term.  Market linked CD’s work differently as they have a guaranteed minimum return (usually .5% to 1%) but have an […]

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Americo LibertyMark 15% Bonus Annuity

Until recently, few bonus annuities have been approved in Connecticut.  Equitrust had the largest bonus at 6% but now there is a 13% bonus product in CT with the approval of the Americo LibertyMark annuity. (Please Note:  The bonus is 15% in many other states)   The product comes with a 7 year term and 10 […]

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CD Type Fixed Annuity Rates

A fixed annuity works in a very similar manner to a bank CD.  The insurance company offers a fixed rate that does not change for a set number of years.  At the end of the term, the money is free of any type of surrender penalty and can be left in the account, cashed out […]

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Income Annuities

The term “Income Annuity” is a catch all used for any annuity that produces future income on a guaranteed basis.  The three types of annuities that can create guaranteed future income are a SPIA (Single Premium Immediate Annuity), a deferred income annuity and an annuity (fixed indexed or Variable) with an income rider.  All three […]

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Risk Free Investments

There are a number of risk free (no risk to principal) investments available to those looking for safe/conservative ways to earn interest on investments.  While it is smart to be conservative when approaching retirement or in retirement, it can be difficult to keep up with inflation only using strategies without market risk.  Money markets, CD’s and Annuities are three […]

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Is An Annuity Income Rider A Good Deal?

Annuity income riders are available on both fixed and variable annuities.  Although they are not well understood by most, income rider are not that complicated.  Although companies have different bells and whistles on them, income riders are all very similar regardless of the company offering them. The basic concept of an income rider is that […]

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Annexus BCA Annuity

The Annexus BCA annuity is a fixed indexed annuity is a specialized offering from Aviva.  Unlike a traditional fixed annuity offering a fixed interest rate for a set number of years, the Annexus product uses a interest strategy based on performance of the S & P 500 while still providing a 100% principal guarantee. The […]

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Bank CD Compared To Fixed Annuity

How is a bank CD different from a fixed annuity?   They are more similar than you may think.  Here is a review of similarities and differences. Both CD’s and Fixed annuities offer a fixed interest rate for a set number of years. Terms such as 2, 3,5,7 and 10 years are common for both.   CD will provide […]

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Annuity For Retirement

Baby Boomer as set to retire and annuity business is up to 200 billion dollars a year.  Does it make sense to buy an annuity for retirement?  Here is intro to annuities to give you a better understanding of how they may help you.

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