Care where you want it while preserving your assets and protecting the ones you love. The newest addition to the hybrid marketplace is the long term care annuity. This product functions exactly like a fixed annuity, but has a long term care multiplier built into the policy. Being a fixed annuity, your principal is guaranteed and the money grows tax deferred. This is a single premium product and Long-term care coverage is calculated based on the amount of coverage selected when the policy is purchased. How It Works The decision not to buy long term care protection is a decision to self insure which can be quite costly and potentially devastating. Calculate Don't make excuses that your loved ones will end up paying for. The "what if I never need long term-care?" excuse is one of the major reasons people don't protect themselves against the potential risk of needing care. With a Fixed Annuity and Long Term Care rider you no longer have an excuse. At least not that one! Name Email Address Phone Question Thank you! Oops! Fixed annuities are long-term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply.Guarantees are based on the claims paying ability of the issuing insurance company.