CD-Type Annuities - Nursing Home Waiver

A few CD-type annuities will waive surrender charges if you need to stay in a nursing home. This feature is commonly called a nursing home waiver. The terms on this feature vary widely from annuity to annuity and state to state. If this feature is important to you, make sure you understand the terms that your policy offers in your state. A nursing home waiver can be very helpful if you need access to your funds in the event that a nursing home stay becomes necessary.