BeamaLife Blog » Fixed Annuity http://www.beamalife.com/blog Risk Management | Wealth Creation | Tax Advantage Fri, 27 Aug 2010 17:58:12 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 New law will allow you to manage Long Term Care expenses. http://www.beamalife.com/blog/life-insurance/new-law-will-allow-you-to-manage-long-term-care-expenses/ http://www.beamalife.com/blog/life-insurance/new-law-will-allow-you-to-manage-long-term-care-expenses/#comments Fri, 03 Apr 2009 17:45:17 +0000 Neil Jesani http://www.beamalife.com/blog/?p=165 New law will allow you to manage Long Term Care expenses.

A new tax law with some very favorable tax treatment for long term care benefits from annuities and life insurance has been passed. As of January 2010, any withdrawals or early distributions from life insurance or annuity products to pay tax-qualified long-term care expenses will be tax free – yes, tax free!

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