A guaranteed income is paid from the time period used for the annuity to qualify as a Medicaid annuity. If the annuitant dies prior to the end of the period specified, payments continue until the end of the period to the applicable beneficiary(ies).
Period Certain Payments
In all Medicaid planning scenarios, work with a qualified Elder Care Attorney. Availability and eligibility vary by state. Medicaid annuities are regulated by the Internal Revenue Code, state insurance law, and state Medicaid law. Some contract features and options may not be available or similar in all states because state governments oversee insurance companies. The Standard cannot guarantee Medicaid eligibility.
Rates may change without notice. Products of Standard Insurance Company. Product features and availability varies by state.