California Broker Magazine Focuses On 1035 Exchanges For Long-Term Care Insurance

The just-published issue of California Broker magazine focuses on the timely strategy of using 1035 exchanges as a means to obtain long-term cares insurance protection.

“There are undoubtedly millions of Californians who have annuities or life insurance policies that really no longer fully serve their original intent or could be put to better use via a 1035 exchange,” shared Jesse Slome, director of the American Association for Long-Term Care Insurance.   ”The 1035 exchange is one of the best kept secrets in retirement planning strategies and our goal is to see more insurance agents and brokers made aware of how they can benefit consumers.”

Slome authored a feature article appearing in the current issue of California Broker magazine, the leading insurance publication for life and health insurance agents in California.   ”Congress approved 1035 exchanges that enable consumers to convert a current annuity for one that meets the provisions specified.  Annuity funds continue to grow but here’s the real benefit; if you need dollars to pay for long-term care, they can be paid out 100 percent tax free.”

Read The California Broker Magazine Feature

Insurance agents who wish to read the full feature in California Broker magazine can click the following link.

California Broker 1035 Exchanges

The national long-term care insurance trade group just published an informative Guide To 1035 Exchanges that can be accessed online.  “We want to make insurance agents and financial planners who work with seniors aware of this powerful retirement planning technique and to share the information with consumers,” Slome added.  The guide can be accessed at

According to AALTCI, there is nearly $3 Trillion held by Americans in annuities  “We know that far too few Californians have undertaken any real plan for the risk of needing long-term care,” Slome mentioned.    ”A 1035 exchange from and existing annuity or life insurance policy to another that also provides LTC benefits could be most beneficial at this time.”

Consumers and insurance agents who want to learn more about long-term care insurance costs and planning options can call the American Association for Long-Term Care Insurance at 818-597-3227 or visit the organization’s website at to find and connect with local LTC insurance professionals.

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