Pension Protection Act 2010 (PPA)
Basically the PPA amendment effective January 1st, 2010 states that cash values inside annuity and life products can be moved under the IRS code 1035 to new life and annuity products that have long term care insurance riders attached to them. Many new products were rolled out in the first part of 2010 to accommodate this. Many more new products will be created as this niche grows. One of the best values here is the ability to get some form of LTC coverage if insurability is a problem. (Annuities with LTC coverage will require minimal underwriting.) 30% of all LTC policies ages 63 to 75 are declined and once above age 75 more than half of all LTC applicants cannot get coverage.