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- #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.
What Would You Suggest?
- Thread starter bluemarlin08
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- Thread starter
- #13
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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.
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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- #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.
- 2,584
I can relate......
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.
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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- #20
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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?
