From the Pension Protection Act 0f 2006, does this sound correct & where would I find proof that this is legitimate?
As a Life Agent, I hear from Life Companies that as of January 2010, consumers can now enjoy tax free withdrawals for health care costs from two sources:
1) A ‘compliant annuity’, where the client can take tax free withdrawals from cash values for health care costs, even though there is appreciation in the account (and there need not be confinement) and the spouse can be included too for their health care costs.
2) A ‘single premium life policy’ for the same purpose, just no spouse included.
Bob