352 205-6911

352 205-6911

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  • Medicare 101 & Video
  • Multi Year Annuities
  • Fixed Index Annuities
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  • Video, Final Loving Act
  • Tax Free Exchanges
  • Final Expense Plans
  • Short Term Health Plans
  • More
    • Home
    • Medicare 101 & Video
    • Multi Year Annuities
    • Fixed Index Annuities
    • Frequent Questions
    • Veterans Benefits
    • Video, Final Loving Act
    • Tax Free Exchanges
    • Final Expense Plans
    • Short Term Health Plans
  • Home
  • Medicare 101 & Video
  • Multi Year Annuities
  • Fixed Index Annuities
  • Frequent Questions
  • Veterans Benefits
  • Video, Final Loving Act
  • Tax Free Exchanges
  • Final Expense Plans
  • Short Term Health Plans

Safe Harbor Financial & Insurance Services LLC

Safe Harbor Financial & Insurance Services LLCSafe Harbor Financial & Insurance Services LLCSafe Harbor Financial & Insurance Services LLC

"A Safe Harbor to protect against unforeseen events at unexpected times"

"A Safe Harbor to protect against unforeseen events at unexpected times""A Safe Harbor to protect against unforeseen events at unexpected times"

IRC Section 1035 Tax Free Exchanges

How it works

The Pension Protection Act of 2006 was designed to help people get Long Term Care Coverage through section 1035 of the IRC. An efficient way to obtain Long Term Care coverage is to review your current Life Insurance Policy or Annuity.  Chances are if you've had it for some time, it does not contain a Rider for Long Term Care.  Newer policies have been designed with these Riders and allow access to your policy values to cover the cost of Long Term Care.  The IRS has section 1035, which allows for the Tax Free Exchange of a Life Insurance Policy or Annuity as long as the new policy is similar in benefits to the one being exchanged. 


The benefit to the policyowner is they now get Long Term Care coverage at a much more reasonable cost than purchasing a Long Term Care policy outright, which as we age can become cost prohibitive.  The same applies to older annuities that don't have Long Term Care Riders. To see if this strategy makes sense for your particular circumstances, call or email me to schedule a complimentary appointment to review your existing policy or annuity to see if its eligible for the 1035 Tax Free Exchange.


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5.55% for 5 Years 5.40 % for 3 Years 4.30% for 2 years

Stock Market  got you worried, consider a Fixed & Guaranteed Multi Year Annuity to protect your nest egg.  Rates are much better than CD's,  interest  and earnings are tax deferred. Call or email for minimums and financial ratings of all contracted carriers.

Contact us today for details.....

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