Need Help with Age 80+ Client!

[pro insurance]

Hello

My client resides in Mass. Age 83
Has 29k sitting in a liquid bank savings account. Nothing else to speak of.

Is looking for somewhere to put this where he can tap it monthly or annually. Most likely will not pass suitability for Annuity per lack of other assets.

Not sure if there are any paid up single life options that would offer a decent interest rate and and allow to tap a small portion annually?

Any suggestions?

Thanks!

 

[Larry Tew]

Leave it in the bank. There's nothing you can do for him in a life policy that will give him access to the money without eating the 29k up in expenses and surrender / withdrawal charges.

 

[pfg1]

Leave it in the bank. There's nothing you can do for him in a life policy that will give him access to the money without eating the 29k up in expenses and surrender / withdrawal charges.

Ditto! ^^^^^^^^^^^

 

[Phoenix Guy]

Royal neighbors has a great product paid up life with awesome return. Call them or Google. Good people. I broker with them. They are a fraternal with smart underwriting

 

[AlTheGud1sRtakn]

It sounds like you may not be securities licensed but this screams muni fund to me.

 

[pro insurance]

Great info. Thank you!

Muni fund guy..please reach out to me. Thanks!

Ill check out royal neighbors as well.

 

[AlTheGud1sRtakn]

Just sent you a pm

 

[jdeasy]

Royal neighbors has a great product paid up life with awesome return. Call them or Google. Good people. I broker with them. They are a fraternal with smart underwriting

If you are going to spam then at least know what you are spamming. Unless you are the only one able to get that product for an 83 year old?

 

[goillini52]

If you are going to spam then at least know what you are spamming. Unless you are the only one able to get that product for an 83 year old?

That was kind of obvious with his 1st post.