Individuals that are selling an appreciated asset and planning on using the sale proceeds to supplement their retirement need a sound exit plan that should encompass various financial and legal products.
We utilize a unique product that combines a long-term care benefit with that of a life insurance benefit. For example, if one were to become nursing home bound, this product would provide a monthly benefit to pay the cost of care and whatever is not used at death will be returned to their heirs income tax free. Efficient isn't it?
Many people realize the importance of long-term care insurance (do you?), but are hesitant to purchase because it is expensive and may never be needed. With this special product, the benefit will always be realized; either by the policy owner, if in a nursing home, or a beneficiary, upon the insured's death. And, because it's a single premium product it only requires a lump sum or asset transfer to fund; in other words, money from a CD, existing life insurance policy, or sale proceeds from the sale of an asset. Contact CrailHuntly for information.
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