Commentary: LTCI may boost annuities in planning for health costs

07/10/2013 | Nerd's Eye View blog

Long-term-care insurance should be a consideration for more households in guarding against a spike in health costs during retirement, Michael Kitces writes, citing a study by Felix Reichling of the Congressional Budget Office and Kent Smetters of the Wharton School. "[I]mmediate annuities might be best specifically when paired together with long-term care insurance, converting the health care shock risk into a steady stream of premiums that can be funded by a steady stream of annuity payments," Kitces writes.

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