I met a couple nearing retirement. They have a sizable retirement plan that should provide a sufficient income… as long as they incur no unexpected health or long-term care costs. Odds are that at least one of them will require long-term care, so the best way to secure their future income is to insure for long-term care. After reviewing their needs and their...
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An executive with an excellent income reached out to me earlier this year. He needs additional life insurance to protect his family but also concerned about having enough money for his retirement. He’s also worried about his ever-increasing income tax bill. He purchased an Index Universal Life policy and plans to pay the maximum premium for 20 years after...
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I received a phone call the other day from a 60-year-old male who needed life insurance, but only for a short period of time. The least expensive option for his situation is term life insurance that renews each year. And he has the option to convert the term policy to a permanent policy at any time.
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A wife in her fifties owns several term life insurance policies. However, the policies will either expire soon or the the price of the renewal premiums will choke her. As a result, she needs insurance that will continue for her lifetime as opposed to only a period of time. We decided the product which would work best for her is a Guaranteed Universal Life (GUL) with...
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Recently, I had coffee with a husband and wife in their fifties. They were worried. They had no life insurance or retirement plan. They both have excellent incomes, but they are both dependent on the other for income and concerned about the future—long-term care, income taxes, and the unknown. They purchased an Index Universal Life policy with the intent to pay the...
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