|
The Concept You Have Been Waiting For!
"For a couple turning 65, there is a 70% chance that one of them will need long-term care.“
- Wall Street Journal
"Over 50% of all people entering a care situation are penniless within one year.“
- Harvard University
$206 per day or $75,190 per year average cost for a nursing home stay in 2009
- Genworth, 2010 Cost of Care Survey
Traditional LTC Insurance - Why hasn’t it taken off?
• Underwriting - 1 in 5 are declined due to poor health. (American Assoc. for LTC, Mar. 2005)
• Many find it too expensive or too complicated.
• Benefits cannot be controlled – Everything goes to pay for LTC care.
• 66% of those purchasing LTC insurance will never use it. (Senior Market Advisor, 2007)
-
What is the Answer?
Dual Purpose Products:
-
Single Premium Whole Life or Univeral Life with LTC Accelerator.
-
Pension Protection Act Annuities (Offer Tax-free LTC withdrawals).
Forward Strategies' Asset Protection Plan!
Click the brochure for more info
Dual purpose use of assets – Asset Based LTC
We simply reallocate assets your client currently has and convert them into a similar asset with the same purpose, plus an additional benefit without significantly altering the client’s original purpose. If the client was earning a fixed return, we can give them a fixed return. If they were indexed to a market, we can do that.
|
The case for Single Premium Whole Life with an LTC Accelerator:
- Rose is a 77 year old, female client with $125,000.
- Rose is Currently earning .60% in a money market account.
- Rose Doesn't need income from this account.
- Goal is to pass these funds to heirs or use in case of a healthcare emergency.
Rose is concerned about dropping interest rates but doesn't want to tie her money up in something that will have large surrender charges. She is very concerned about the high cost of long term nursing care but doesn't want to pay the high premium costs of traditional long term care insurance. She has stressed to you her desire to stay at home for as long as she can if she is ever in need of long term medical care.
Let's look at Rose's current situation:
- Rose passes away - she will have $125,000 to pass to her heirs
- Rose needs money for a nursing home stay - she will have $125,000 to access.
- Rose needs money for an "at-home" nursing home stay - she will have $125,000.
- Rose has an emergency - she will have $125,000.
- This year Rose will make approximately $750.00 in interest (.60%)
What if we reposition these assets into a single premium fixed or index whole life:
- Rose passes away - Heirs receive $186,787*! +49%
- Rose enters a nursing home - Rose will have $161,787*! +29%
- Rose receives care at home - Rose will have $161,787*! +29%
- Rose has a non-medical emergency - Rose will have $125,000*! Same as current
- Roses return will be tied to an index or a fixed return based on her choice.
*Based on an illustration ran 9/2/2010 for 77 female, non-smoker. Sagicor Life Gold Series Index Whole Life. First year values.
|
|
Equitrust WealthMax Bonus
*
Only $750,000 for you and a guest!
*
Click below to download desired piece
*
For more information visit
|
Sagicor Life Gold Series Index Whole Life
-
10% Up-front Bonus
-
Return of Premium Guarantee
-
High Fixed Rates
-
International Indexing
-
High Monthly LTC Accelerator
-
High Tax-Free Death Benefits
-
Simplified Underwriting (phone interview)
Links coming soon.
Sagicor Gold Series Client Brochure
Sagicor Gold Series Index Hypo History
Sagicor Gold Series Agent Guide
Sagicor Gold Series Underwriting Guide
Sagicor Life Agent Appointment
|
Please call Forward Strategies at 800-488-1923 regarding the various products we use for this concept or information on our asset based ltc sales and marketing program.
|
