Veterans Beware

Veterans should be careful when buying financial products. Unfortunately, some certified senior consultants have targeted long-term or chronic care for veterans who need help have to pay. Because it is illegal to assist private attorneys and attendance, certified senior advisor to assist veterans in getting the industry has evolved to where counselors help seniors "no charge" or "free" assistance from the Veterans Administration and attendance benefit to seniors. These consultants often "veterans helping veterans" or "Camas Veterans Association" or as confusing name "Veterans Association of Washington. "These consultants are not part of the Veterans Administration benefits in return for a very finite type of insurance product sold licenses are for businesses. Some of the groups themselves" approved "as veterans groups, as described go away.

However, the fact they they a veteran to help earn a commission. Here's how it works: a veteran to pay for long-term care and support needs and / or facility they live in. Certified Senior Advisor says notice of a seminar on how to see the amount of property allowed by the Veterans Administration income is more than 'change' can. Assets in a static single premium annuity that pays a monthly amount to invest in are. Most likely the consultant helps the veteran "for free" and 6 to 9 months, VA $ 1600 to $ 1800 a monthly benefit awards to submit an application for aid and attendance.

Is not paid for 7-8% of annuity sales consultant told the commission. In fact, some go so far as to state consultants "they are paid by the insurer." Results are not disclosed. If the elderly care costs go up, the Giants once again to pay the monthly bills will face financial stress. Veteran then use the Medicaid program and / or money to buy the annuity were to need to reach some of the can. However, the funds are fully committed to the income stream and will most likely not provide Medicaid benefits. Medicaid purchases of annuity income annuities and annuitization benefits both to stop the veteran from qualifying events may be disqualifying.

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