Client Scenario: Healthy and Well-Off Boomer Couple with a Bank CD
Our clients, a 65 year-old male and a 63 year-old female, both in good health, have ample income and liquid cash on hand. They want to pass on money to their children and grandchildren, but they also want to be in control of the money and maintain some of its liquidity. They currently have $250k in a bank CD, earning 1.00% interest.
Our Strategy: High Cash-Value Indexed SUL + Joint Lifetime Rider
TAG's strategy is to reinvest the $250k into a Fixed Index Annuity with a Lifetime Income Rider, and then turn on Income after 30 days. The Income Rider payment would fund a Survivorship Indexed Universal Life policy. This plan could create tax-favored Income down the road or potent estate liquidity with the DB. The day-one estate value for this client would be $1 million: $750k Death Benefit in life insurance and $250k in the income rider.
For supporting documentation for this scenario, or to have customized documentation designed for your own client situations, email us or give us a call! Dustin - Annuities: 877-621-5292 | John - Marketing: 866-845-5292
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