“Annexus to Offer Social Security Uncertainty Protection”

“Annexus to Offer Social Security Uncertainty Protection,” by Allison Bell, ThinkAdvisor

Quote:

“Annexus — a large annuity distributor — plans to offer consumers a new tool they can use to protect themselves against Social Security retirement income disruption. The Scottsdale, Arizona-based company has agreed to work with PlanGap to add a Social Security income disruption rider to non-variable annuities. The rider can pay an annuity holder a bonus if Social Security program changes slash benefits.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

What’s next? Private insurance to protect you from the collapse of Medicaid LTC? The implosion of WA Cares Fund? The WISH Act? Medicare itself? Government handicaps private insurance by creating moral hazard with its big-promise programs, then relies on private insurance to step in when those programs underperform.