Question About a Case

[dannysdad]

I have a case where the husband is 73 years old and has lung cancer. There is still some hope that he will last a few more years. He has about $300,000 that he will never spend and wants to maximize the amount that he can leave to his wife. Is there ANY policy that he could buy where he would be better off than putting the money into cd's or treasuries?

Thank you very much for your comments.

 

[bluemarlin08]

NO!!!!!!!!!!!

 

[Todd King]

Is the 300K in a life policy or just sitting around. If it's the latter, he might be better to put it in an annuity. I would have to know all the particulars though in order to say that's the best advice.

 

[dannysdad]

Is the 300K in a life policy or just sitting around. If it's the latter, he might be better to put it in an annuity. I would have to know all the particulars though in order to say that's the best advice.

It's sitting around. Thanks for your help.

 

[theinuranceguy]

Annuity wont work. Too short of time.

Maybe a single premium guaranteed issue life policy. Forethought has one and I think Americo.

Although annuity or life product, if someone dies within the first year, you'll have to check what the specific company does with intrest earned.

In most annuities, if the client dies within the first year, the agent gets a charge back.

 

[bwaronker]

You could put him in an Allianz MasterDex 10 which will give him a 10% bonus and either indexed return or 3.25 per year. The death benefit is the annuity value at least in PA and therefore the spouse would get at least 13.6% or so first year gain. No chargeback to you.