Chris Russen
Annuity Consultant

Having a conversation about a care plan with your clients is an important part of planning for their retirement. It is also an important part of protecting their assets for their intended use. Here are some things you need to talk about with your clients when it comes to planning for their care:

  • 70% of people turning 65 will need some care at some point in their lives.
  • Women are more likely than men to need care, and women are more likely to become the family caregiver.
  • If parents don’t have a plan, then their family becomes their plan.
  • More than 55% of parents expect their children to care for them physically or financially as they age.

Adding a single premium life insurance policy with living benefits, a “One and Done” policy, to your clients’ portfolio may be a great option to help your clients plan for their care.  These policies offer both a permanent life insurance benefit as well as the potential for cash accumulation, while also allowing access to the death benefit to help pay for care if needed.  This acceleration of the death benefit is tax-free under the provisions of the policy, providing benefits at a time of need.  Some plans also offer the option to earn interest linked to a leading market index, which helps grow cash value inside of the policy. Give the experts at Wholehan Marketing a call to discuss which policy is best for your clients to be One and Done!