Meet Tim & Patty
- Both recently retired, active and very healthy
- Tim is 68 and Patty is 63
- They are very concerned about Long-Term Care
- They are interested in the idea of the Irrevocable Trust as a way to protect assets from LTC spend-down
- If either one gets sick, they would like to remain at home as long as possible
- Patty is frightened by the idea of going into a Nursing Home
- They both would like to leave an inheritance to their two boys if possible
- Tim is not a fan of traditional Long-Term Care insurance. His friend who owns a long term care policy just received a 67%rate increase.
Tim and Patty’s Assets.
| Monthly Income | ……………………………. | $3,400 |
| Monthly Expenses | ……………………………. | $3,000 |
| Stocks & Bonds | ……………………………. | $20,000 |
| Checking | ……………………………. | $37,000 |
| Tim‘s IRA Account at Wells Fargo | ……………………………. | $700,000 |
By transitioning their money…
$8,561/month benefit are paid for each Tim and Patty for:
- Home Health Care
- Assisted Living
- Skilled Care
- 100% Full Refund of Premium*
$250,000
Tim‘s Current IRA
$250,000
Tim‘s New IRA that is 100% Liquid
$428,064
Death Benefit
(2nd Death)
Unlimited LTC Pool
*Plus $2,234 for
Lifetime Rider
*Return of premium products are limited. Please consult an insurance agent for more information.