A refusal letter may be necessary to reinforce your client’s Medicaid Compliant Annuity or to demonstrate an existing annuity’s inability to be sold on the secondary market.
These are letters from secondary annuity buyers indicating their inability to purchase an annuity due to its restrictive provisions. A refusal letter may be needed to secure a Medicaid Compliant Annuity in some states or demonstrate undue hardship in certain cases involving a non-compliant annuity.
When to Consider a Refusal Letter
Refusal letters are used to prove a contract’s inability to be sold. Therefore, this product is ideal for clients who:
- Need assistance proving the terms of an MCA contract
- Own an annuity that cannot be sold on the secondary market
Medicaid Compliant Annuity
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Funeral Expense Trust
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Whole Life Insurance
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