New law will allow you to manage Long Term Care expenses.

Posted by:  BeamaLife Editor  on 3 Apr, 2009

A new tax law with some very favorable tax treatment for long term care insurance 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!