Using an Annuity to pay for Assisted Living
Tuesday, April 28, 2009 at 12:55PM 
How long will I live? That is a good question, but probably one you cannot answer with any certainty. The next question is, will my retirement nest egg last if I live to 90 or 95? If you have an above average life expectancy, there is a good chance that you will need some help with activities of daily living (ADLs) as you grow older and need the services of an Assisted Living Facility. An annuity is a great way to make sure you can afford at home care or a respectable assisted living facility no matter how long you live. An annuity can provide a guaranteed monthly income stream for life, protecting you from the scary scenario of outliving you retirement fund.
As life expectancies rise and medical care gets better, more and more people are going to struggle with ways for paying for a retirement home or assisted living. At Cascadia Agency we believe in listening to our customers and then developing solutions that fit their situation. In most situations the best answer is to use a combination of stategies. The guaranteed lifetime income stream of an annuity is one strategy that can help you avoid the scarry scenario of out living your retirement fund.
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