2024 KrauseReport V1 WEB Flipboook Preview - Flipbook - Page 12
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CHAPTER 02:
What We Offer
FLAGSHIP
PRODUCT
Products
Medicaid Compliant Annuity
A Medicaid Compliant Annuity (MCA) is a spend-down tool
used in crisis planning. It’s a single premium immediate annuity
that converts excess funds into an income stream with no cash
value. When properly structured, an MCA accelerates Medicaid
eligibility, while protecting your client’s assets.
• • • Learn more on page 39.
Long-Term Care Insurance
Long-term care insurance (LTCI) is used in pre-planning to
secure future coverage for long-term care. LTCI is ideal for
relatively young and healthy clients and is often used as part
of an estate planning strategy. Policies can be tailored to a
client’s speci昀椀c budget and circumstances.
• • • Learn more on page 61.
Funeral Expense Trust
A funeral expense trust (FET) is a small whole life insurance
policy that protects funds for funeral and burial costs. It’s
irrevocably assigned to a trust controlled by an insurance
company. Policies below a state-speci昀椀c limit can be used
as a Medicaid spend-down tool.
• • • Learn more on page 59.
Tax-Deferred Annuity
A tax-deferred annuity is an investment vehicle designed to
help seniors save for retirement. A staple in any estate plan,
this type of annuity earns growth on a tax-deferred basis,
offers a competitive rate of return, and can be funded with
either a single premium or multiple premiums.
CHAPTER 02 | What We Offer
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