What Would You Suggest?

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.
 
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.
 
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.
 
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.
 
Would be interested in all your views as to the disadvantages of this product. The main one I hear from some commentators is loss of earnings on the money. I would assume these dollars are lazy dollars and invested very conservative. What are some others as well as your "concept" initial conversation?
 
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