We give you solutions in a soundbite. These short videos will help you break down complex topics into ideas simple enough that you can start a piece of the conversation – with your clients or our team. Browse the library then contact us to go deeper on how to apply an insurance solution to your business.
Finding Funding for LTC - Idle Assets
If clients want to self-fund long-term care, discuss transferring the risk to an insurance company by repositioning existing assets that are no longer meeting their needs. That may include cash value life insurance policies, CDs, money market accounts, or annuities taking RMDs
Finding Funding for LTC - Qualified Assets
Qualified accounts CAN be used to fund long-term care. Really. Many clients have qualified accounts such as IRAs, 401(k)s or other retirement accounts funded with pre-tax dollars. Some linked-benefit products can be funded by qualified funds while minimizing the tax impact.
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Finding Funding for LTC Using Nonqualified Assets
While there are a lot of ways to fund long-term care, they all have pros and cons. So it's about finding the best fit for your client. Using an annuity to fund LTC is often overlooked. But it can carry tax advantages while creating added leverage.
Finding Funding for LTC - Cash Flow
An LTC insurance policy doesn't have to cover 100% of expenses. Based on a real case, this 60-year-old high-income earner was able to put $500 per month into a policy. Here's how we structured it to get the most return, using a small portion of the portfolio.