CASE 1
Clients are age 51 and 52 in great health. They have a net worth of nearly $8 million but are still very concerned about being a burden to their children having gone through a long care event with a parent. Amazingly, they had no life insurance or long-term-care protection yet. Luckily they have done well financially with a few real estate investments and hadn’t seen the risks they have until their new advisor made these discussions a high priority in the services he offers. They also have some concern with estate taxes as they continue to earn good income, make solid investments and expect a small future inheritance. Their advisor pointed out the possibility of the sunset on inheritance tax exemption limits and the potential growth they might enjoy over the next 30-45 years.

After discussions on hybrid and asset based LTC strategies, they have decided on $500,000 John Hancock Protection UL with a 4% LTC rider. This will give each of them a solid $500,000 pool for potential LTC expenses at up to $20,000 monthly. Cost for her policy was only $5,051 Annually and his was $5,541. LTC protection if they need it and a death benefit if they don’t.

Again, we looked at single pay and shorter pay options, but this couple would rather deploy their extra cash in funding other goals and investments.

Call me about a case today.

Tim Morton, CEO
(800)238-8144 x127

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