CAUTION REGARDING VETERANS' ANNUITIES

The National Association of Insurance Commissioners recently issued a consumer alert regarding the sale of unsuitable annuities to low-income veterans to "help" them claim pensions.  The Consumer Alert warns that such unsuitable transactions could lock up cash needed  by a veteran in the event of an emergency and risk the possibility of assets transfers that might interfere with a veteran's ability to qualify for Medicaid due to the 60-month look-back period.