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Old 04-08-2017, 09:27 AM   #11
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Client an attorney like the lifetime State Life product for 300,000 or 400,000. Attorney want s to look at this for himself and other clients.
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Old 04-08-2017, 11:23 AM   #12
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Originally Posted by bluemarlin08 View Post
Client an attorney like the lifetime State Life product for 300,000 or 400,000. Attorney want s to look at this for himself and other clients.

$300K single premium??????????
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Old 04-08-2017, 11:46 AM   #13
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Originally Posted by Mr_Ed View Post
$300K single premium??????????
Yes, they keep 1,000,000 in checking.
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Old 04-08-2017, 12:03 PM   #14
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Originally Posted by bluemarlin08 View Post
Yes, they keep 1,000,000 in checking.
i hope that when i have that kind of money that i don't do dumb things with it.
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Old 04-08-2017, 09:22 PM   #15
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ltcadviser on What Would You Suggest?
 
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Originally Posted by Mr_Ed View Post
i hope that when i have that kind of money that i don't do dumb things with it.
I just wrote 2 cases for about $200,000 single pay each and based upon the location of each client in the Northeast US we easily could have justified 50% more benefit.

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Old 04-09-2017, 07:44 AM   #16
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For those folks that claim that they plan to self fund this product is really a no brainer. Especially those folks that have said they would be interested in a product that would cover a long tail claim. The problem, IMO, is to get these folks to stop for a minute and really review the concept.
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Old 04-09-2017, 03:08 PM   #17
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What Would You Suggest? Re: What Would You Suggest?
Originally Posted by bluemarlin08 View Post
Yes, they keep 1,000,000 in checking.
I can relate......
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Old 04-09-2017, 08:27 PM   #18
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What Would You Suggest? Re: What Would You Suggest?
Originally Posted by bluemarlin08 View Post
For those folks that claim that they plan to self fund this product is really a no brainer. Especially those folks that have said they would be interested in a product that would cover a long tail claim. The problem, IMO, is to get these folks to stop for a minute and really review the concept.
Agree, some great product options for them from state. And rather than having that money sitting there doing nothing, why not leverage some protection instead.
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Old 04-10-2017, 04:14 PM   #19
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What Would You Suggest? Re: What Would You Suggest?
Originally Posted by bluemarlin08 View Post
The facts:
Male 73, type 2 diabetic taking metformin
No heart issues other than 2 blood pressure meds
Had past history of epilepsy, last seizure 3 years ago previous 10 years ago
6'2' 230
Substantial wealth
67 year old wife has MS and he is her care provider
Tennessee resident
You could take a look at National Guardian Life's EssentialLTC plan. It's a tax-qualified plan that you can set-up as a single or 10 pay. According to the underwriting guide, diabetes or epilepsy shouldn't be an issue.
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Old 04-10-2017, 04:33 PM   #20
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Originally Posted by brittanibutton View Post
You could take a look at National Guardian Life's EssentialLTC plan. It's a tax-qualified plan that you can set-up as a single or 10 pay. According to the underwriting guide, diabetes or epilepsy shouldn't be an issue.
Sure could, but Asset Care is similarly priced to Essential LTC. For only 10% premium differential on a single pay, Asset Care will provide the client with a paid-up life insurance policy for Return of Premium purposes. And it is a monthly reimbursement rather than daily.
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