Helpful Info. for people with Long Term Care Insurance

The 2006 Pension Protection Act has a provision wich became applicable this year. If you have any non-qualified annuity you can withdraw money out to pay the premiums for ltc insurance and not pay any taxes on the gains in the annuity. The withdrawal must be equal to that of the ltc insurance premium. You have to file a 1035-ltc form with the annuity company each year to received the tax free withdrawal. Hope this helps someone.