We do not charge a fee for our annuity valuation service. We a complimentary review of your client’s contract as well as assistance with its sale. If your client’s contract does not have any value on the secondary market and you are seeking refusal letters, a small fee would be due. For more information on this product, visit our Refusal Letters page.

If your client owns a deferred annuity (an annuity that is not making regular payments), they have several options. The annuity can be liquidated or, if the client is seeking Medicaid benefits, transferred via 1035 Tax-Free Exchange to a Medicaid Compliant Annuity. For more information on how to handle deferred annuities in crisis planning, contact our office.

If your client owns an annuity that is not Medicaid compliant and cannot be sold on the secondary market, we will put you in touch with one of our Benefits Planners. These annuities are typically treated as uncompensated transfers and will likely result in a penalty period of Medicaid ineligibility. Our office can help you determine your options for proceeding with Medicaid planning.

An annuity funded with IRA funds cannot typically be sold on the secondary market. Luckily, the Deficit Reduction Act of 2005 gave preferential treatment to annuities funded with tax-qualified funds, meaning the annuity might not prevent your client from qualifying for benefits, even if it seems to be non-compliant. For an analysis of your client’s policy, contact our office.