When others are fearful that their qualified balances will continue to diminish these clients can sleep soundly knowing their family will be well taken care of upon his passing and their nest egg is protected.
Find out how we used the clients medical records to achieve a maximum payout using a Single Premium Immediate Annuity.
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Bob is a 67 year old male who went through a long painful divorce. After finding a new love in his life he is now putting the pieces back together and looking to get back on track. With $465,000 currently in a money market account he wants to establish a lifetime income and a Life Insurance policy for his new found love.
This case was initially a lead that came from an agent who thought the client was uninsurable. Bill has multiple medical conditions one of which is Parkinson’s disease. Using his medical records we ordered from the Life Insurance policy we were able to use them to our advantage in reducing the cost of lifetime annuity benefits and produce larger annuity benefit payments.
Increasing the maximum payment from the Annuity ultimately covers the cost of the new Life Insurance policy, and creates an approximate total payout of $662,147.
The agent was unaware that this concept was even possible, now he’s earned a large amount of credibility and respect because he went above and beyond his clients expectations delivering two well put together policies when other agents thought he was uninsurable. In addition the agent was paid $13,950 on the Annuity and $5,110 on the Life Insurance policy totaling $19,060.
Use the links below to register for one of our upcoming Strategic Case Designs or contact us at 1.888.LIFEPRO (543-3776) to find out how we structured our current case of the week.
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