National Guardian Network Advises Long-Term Care Public on Their Rights Through Pension Protection Act

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With the economy still sluggish, long-term care costs are an ongoing issue; National Guardian Network advises people on how to plan, and to recognize their rights through the Pension Protection Act

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“At NGN, we help figure out the most valuable way to use those rights to your advantage and how to get the most care for the lowest cost

Even though the Pension Protection Act has been in existence since 2006, the law phases in the interest rate change starting for distributions began to take full effect in 2012. National Guardian Network (NGN), with subsidiaries including American Veterans Aid(AVA), a financial services company specializing in long-term care planning and estate planning, wants to advise the public to take hold of the new changes and use them to their benefit for long-term care. NGN provides new and safe solutions for long-term care, and advises on how to recognize rights through the Pension Protection Act.

“The government is passing new laws to inspire people to take care of long-term care needs themselves so that they don’t have to rely so heavily on the government for solutions,” commented Glenn Pool, CEO of NGN.

The Pension Protection Act has many components that the public and future long-term care planners need to understand, which addresses (1):

● Policyholders of annuities can now use proceeds from annuity payments for long-term care coverage, for income, or for both.
o An annuity is a fixed sum of money paid to someone each year, typically for the rest of their life, or a form of insurance or investment entitling the investor to a series of annual sums with long-term care coverage.
● You can now transfer money from an annuity to pay long-term care premiums without owing taxes.
o Previously, unless the annuity was converted to an income stream, the first withdrawals were considered to proceed from gains, which were then taxed at ordinary income tax rates. After the gains were withdrawn, the principal could then be withdrawn tax-free.

In summary, Pension Protection Act insurers are selling policies combining annuities with long-term care coverage. With the tax break, owners of hybrid policies will no longer pay taxes on the annuity or insurance proceeds that pay for the policy's long-term care coverage. They can thus save the money that they would normally have had to pay in taxes.

In addition, many people have older life insurance policies which may be obsolete, and may be unaware of the new ways in which they can transfer such expired, outdated policies into the new improved, linked-benefit products tax-free.

NGN helps customers learn about which products can be of the best benefit to long-term care planning using the rights offered in the Pension Protection Act. The solutions being provided by NGN include long-term care crisis and asset protection planning, assisting individuals with long-term care strategies, and helping customers discover tax-efficient ways to pay for long-term care.

“This law can greatly help people who need to plan for the future and are uncertain as to how to do so,” Pool added. “At NGN, we help figure out the most valuable way to use those rights to your advantage and how to get the most care for the lowest cost.”

National Guardian Network offers a free one-hour consultation. To speak with NGN, please call 1-888-438-2073 or 1-949-269-8164.

About National Guardian Network (NGN):

As a subsidiary of American Veterans Aid(AVA), National Guardian Network (NGN) is an independent marketing organization (IMO) that serves as a wholesaler of insurance products. It deals directly with the consumer and works with insurance agents, registered investment advisors and insurance agencies. NGN provides guidance for long-term care strategies, and offers long-term care crisis and asset protection planning. The company specializes in annuities with long-term care coverage and government long-term care benefits, such as VA and Medi-Cal in California and Medicaid in all other states, and produces $52 million annually in annuity premiums. All advisors with NGN must undergo a background check in order to be appointed with an insurance carrier. A free one-hour consultation is available. For more information, visit

(1)Lankford, Kimberly., June 2, 2012. “Use Annuities to Pay for Long-Term Care”.

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Karla Jo Helms
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