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No access to NYT. But hybrid annuity + LTCI and life insurance + LTCI are interesting newer developments. Unfortunately, the LTCI riders cannot be just added to existing annuities and/or insurance. And that may be a problem for those with existing contracts.
Comments
But hybrid annuity + LTCI and life insurance + LTCI are interesting newer developments. Unfortunately, the LTCI riders cannot be just added to existing annuities and/or insurance. And that may be a problem for those with existing contracts.
(The link is to a subscriber-only newsletter.)
Courtesy of Google:
Cached copy
If that link doesn't work, try doing a Google search on:
warshawsky TIAA annuity
Mark Warshawsky worked for TIAA and wrote a paper about this 20 years ago. His idea is the subject of this NYTimes OpEd.
https://www.nytimes.com/2023/02/24/opinion/retirement-long-term-care-annuity.html
and the (generally) 'no way' comments to the side