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I'm not retired yet as I need to keep earning to pay health insurance (will be 65 in three years). Went to a talk on "insurance "packages and the fellow was touting 'Asset protection annuity with LT Health care included".

If you never use the long term care, beneficiaries get twice the principal in a death benefit. A $50,000 lump sum buy-in pays approx. $350,000 in LT health care.The annuity grows and the death benefit and LT care amt increase.

My brother says the small print will mean you will never get what you expect. I could only afford something like this if I sold my home and moved to a less expensive area and property.

I kind of like my home and may not ever sell---but are these annuities all bad?? I think this one was with Lincoln Financial. I don't have alot, but would love to leave something to my three sons.

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