Before
$ 0
k
Guaranteed life insurance for 10 more years.
$ 0
Long Term Care Insurance
$ 0
Out of Pocket Premium
After
$ 0
k
Guaranteed life insurance for 30 more years
$ 0
k
Long Term Care Insurance, increasing annually
$ 0
Out of Pocket Premium
Greg (62) and Sherri (61) are now paying for the long-term care needs of Sherri’s mother. They are concerned about planning for their own eventual need for care in the future. Through a policy review of their Greg’s existing life insurance, adjustments were made to improve his life insurance and use the annual premium savings to pay for new long-term care coverage for both Greg and Sherri.
Acru Process
- Review “in-force” illustrations and details from existing life insurance company
- Complete Underwriting Advocate
- Replace old life insurance policy with new policy
- Purchase new LTC coverage
Client Impact
- Annual life insurance premium savings of $2,945 or 61%
- Improved guaranteed life insurance coverage by 20 years
- Added new LTC coverage for both Greg and Sherri
- Used life insurance premium savings to pay for new LTC coverage…total new premium is still less than what they were paying before
