For your Clients who have Significant IRA Money and want Tax Advantaged Benefits!

 

Dear Financial Professional:


As you are assisting your clients with planning for their future needs, I want to make you aware of a unique strategy that offers much needed LTC protection while turning taxable dollars into income tax-free dollars for their heirs!
 
To Illustrate:
A 63 year old couple with 1.2 Million in liquid assets; the majority of these assets were in the husband's $900,000 IRA. 
 
$123,000 was transferred into State Life's Asset Care III product (a 20 Pay-Hybrid Whole Life/Long Term Care Policy coupled with an IRA Annuity).


These funds, deposited into the annuity, will be used to provide a paid-up Survivorship life policy (2nd to Die) with a death benefit of $234,000.  Each year for the next twenty years, a withdrawal of $8,022 is taken until the 20-pay life policy is paid up.  This annual withdrawal is taxable to the owner.
 
In addition to the $123,000 transfer, the clients decided to pay an annual premium (guaranteed to never increase) of $4,485 to purchase an LTC rider.  This rider provides each insured a monthly long term care benefit of $9,380 with NO cap on the length of time that benefits can be received.
 
To Summarize:
Cost of the plan:        Lump sum transfer:  $123,000
                                    Annual premiums:     $4,485
Benefits:                     Survivorship Death Benefit:  $234,500
                                    LTC Benefit:  $9,380/mo. each-Unlimited


Proceeds are tax advantaged during the first 20 years and 100% tax free after 20 years!
A death benefit is paid out even if long term care is never needed!


The policy can be cancelled for a full refund of their single premium!


I look forward to hearing from you to discuss this important strategy to help protect your client's assets, while offering them much needed long term care protection!

Long Term Care Insurance, LLC

36 State Street

North Haven, CT 06473

 

 

Phone: (203) 234-8566 or 

Toll free at (866) 456-8566

Fax: (203) 234-8833

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