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Hopefully I am posting this on the correct board.
I like this board a lot and the information it you all provide.
here goes:


My Widowed Mother- in- Law has a “paid for” home (value $110,000)
An Ira ($65,000) with designated Beneficiaries.
Approx $180,000 in a brokerage acct (in her name alone)
Some variable annuities approx $80,000, with designated beneficiaries.
Some liquid day to day cash $20,000 (not in the brokers hands)
Social Sec income approx $1300/month.


She is investigating Nursing home insurance.
She is 73 yrs old and in pretty good health.

She does not want a Nursing Home to take all of her assets; she wishes to pass everything on to Her daughters (three).

Her home is titled with LIFE USE. It would go to her daughters if she no longer could care for herself.

The broker wants her to look at the home insurance as a way if protecting the acct that has the $180,000 value.

He says that the premiums could be paid from the annuities accumulations since the accumulations would be taxable to heirs anyway. Not sure yet what premiums would be or how much the annuities have accumulated.

Any ideas on this or any better ideas.


MEG
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