Life Insurance Rollover
Life Insurance + Long-Term Care — In One Tax-Free Plan
Upgrade your current life insurance to cover long-term care. If you have cash value in your life insurance policy, you may qualify to roll it into a plan that offers guaranteed long-term care coverage — and your family still receives a death benefit if care is never needed.
What Is a Life Insurance LTC Rollover?
Many Washington residents already own permanent life insurance (like whole life or universal life) with built-up cash value.
What most don’t know?
You can reposition that value into a plan that gives you lifetime long term care benefits — tax-free — if you ever need care.
Here’s how it works:
- Use a 1035 exchange to move your cash value into a modern hybrid policy
- Includes LTC benefits with benefits for life
- If you don’t need care, your family still gets the death benefit
- No new premiums
Benefits of This Strategy
Modernize Your Existing Policy with a policy that includes LTC coverage.
Don’t cancel your policy — improve it. Get more value from what you already have.
Can include joint coverage where you and your spouse are both covered under the same policy.
Tax-Free Withdrawals for Care
Withdrawals for qualifying LTC are 100% tax-free under IRS Section 7702B.
No “Use It or Lose It”
If you never need care, the full death benefit goes to your family — guaranteed.
Avoid Expensive Premiums
This isn’t traditional long-term care insurance. No rate hikes. No renewal surprises.
Work With a Local Expert
John Rettenmier has helped Washington residents navigate their healthcare options for over 30 years. No call centers. Just honest, personal guidance.
Who This Is For
You may be a good fit if:
- You’re age 40–85
- You live in Washington State
- You own a whole life, universal life, or similar policy
- Your policy has cash value
- You want more flexibility, more protection — to make the most of what you already own
Common Questions (FAQ)
Q: Will I lose my life insurance if I roll it over?
A: No. You’ll upgrade your coverage. If you don’t use the LTC benefit, your family still receives the full death benefit.
Q: Can I keep the same insurer?
A: Possibly, but we’ll compare top-rated carriers to find the best fit for your health, goals, and budget.
Q: Are there fees or taxes for rolling over?
A: In most cases, no. A 1035 exchange is a tax-free way to transfer life insurance into a new plan.
Q: Will I need a medical exam?
A: Plans do require health underwriting. I can guide you through that process to see if you qualify.
Want to See If Your Policy Can Be Upgraded?
I’ll personally review your current policy and show you what it could become – no pressure, just clear answers.