On an application for Medicaid, how do you classify a lifetime income annuity purchased prior to and not specifically to qualify for Medicaid? It is a non qualified single life annuity-life only. This is would be for Medicaid for a person in Georgia.
If you haven’t yet submitted the Medicaid application, you might want to think about taking the maximum penalty free distribution from the annuity to do a preened funeral & burial, if you do not have this already done.