FIG Marketing
  • Product R + D
  • Marketing + Branding
  • Business Development
  • FIG News
    • Press
    • Community Relations
    • Events

FIG Marketing

  • Product R + D
  • Marketing + Branding
  • Business Development
  • FIG News
    • Press
    • Community Relations
    • Events
Product R + D

Leveraging Current Assets to Fund Long-Term Care [Case Study]

written by Alecia Barnette June 23, 2022
Leveraging Current Assets to Fund Long-Term Care [Case Study]

Updated July 27, 2022, at 3:49 PM

Case Study Background

As I’m sure you’re aware, clients often believe self-funding for long-term care (LTC) is the only option when it comes to LTC planning. And because of that, they’ve likely earmarked assets or personal savings towards achieving that goal.

This is a great start to their care planning needs, but it likely won’t be enough based on the current rising costs for LTC.

Talking about leverage and tax efficiencies using insurance is typically based around positioning an asset-based LTC plan. However, clients can’t physically see or fully comprehend the advantages. Why is that?

Well, sometimes seeing is believing.

While illustrations can be confusing, the images below briefly touch on some of the advantages to leveraging a client’s given asset on a fully guaranteed basis, and showing the leverage effectively.

Let’s dive into this hypothetical LTC case study.

LTC Case Study Details

  • 65-year-old male
  • Earmarked $150,000 asset
  • Asset expected to grow in 5-7% range
  • Wants to cover LTC expenses

More Assumptions

Related: Repositioning Asset-Based Long-Term Care Products [Case Study]

Case Study Summary of Results

summary of results for long term care protection to fund lincoln moneyguard iii

LTC Planning Solutions

Given the client’s age, the Lincoln Financial MoneyGuard® product will provide the additional leverage he desires at a guaranteed rate.

By age 85, the client’s $150,000 turns into $889,000. He’ll also know have access to over $12,000 a month—tax-free—for long term for a minimum of five years.

Case Study Conclusion

With this $150,000 asset, the client can now grow and fund most of his LTC needs, assuming he’ll need some form of care around ages 80-85. The graph and illustrative columns will show the client’s desired outcome versus utilizing insurance.

So, the questions become: Would a client prefer to potentially leverage their asset 2-2.5x to help pay for future care by staying in the market?

Or, would they prefer to leverage the same asset nearly 6x, on a guaranteed basis?

Keep Reading: 12 Long-Term Care Statistics That Can Spur Client Action [Infographic]


This case study is a hypothetical example. For advisor use only. Not for public or consumer use.

financial independence group logo
Leveraging Current Assets to Fund Long-Term Care [Case Study] was last modified: April 24th, 2023 by Alecia Barnette
Care Planninglong-term care case studyLTCLTC Products
4
LinkedIn Facebook Twitter

You May Also Like

Fostering Loyalty with Your Top Employees [Three “Gravy...

May 16, 2023

How to Retain and Reward Top Employees [Three...

May 9, 2023

AG 49-B & Life Insurance Illustrations: What You...

April 20, 2023

How Are Social Security Benefits Calculated?

February 15, 2023

SECURE 2.0 Act: 15 Key Provision Changes That...

January 25, 2023

Quinci Powered by SIMON: Wealth Management Platform Overview

October 19, 2022

5 Reasons You Should Use Quinci Powered by...

October 12, 2022

Succession Planning for Family Business: Estate Equalization [Using...

September 28, 2022

Asset Location & Tax Management Inside a Portfolio...

September 22, 2022

IUL vs. Whole Life Insurance: What Are the...

September 14, 2022

Connect With Us

Facebook Twitter Instagram Linkedin Youtube Spotify

Subscribe To Stay Updated

Enter your email to get notified of new posts.


Thank you for subscribing!

retirement inside out podcast side ad

quinci powered by simon side ad

financial independence group GIFT initiative donor-advised fund side ad

Popular Posts

  • AG 49-B & Life Insurance Illustrations: What You Need to Know
  • What are the Charges Deducted from Indexed Universal Life Policies? [Infographic]
  • A Look at IUL Fees, Costs, & Illustration Manipulation
  • Client Segmentation for Wealth Management Firms [Tips to Get Started]
  • Building a Thriving Financial Services Firm with a Strong Succession Plan [Case Study]
  • Client Segmentation for Financial Advisors [Tips & Examples]
  • FILA vs. RILA: Where Do They Fit in a Portfolio?
  • 4 Steps to Naming a Financial Services Company

Post Topics

advisor marketing annuities Annuity Annuity Awareness Month branding business consulting Business Development business management business tips Care Planning Case study client communication Client Relations client relationships compliance Digital marketing DOL financial advisors Financial Independence Group fintech Fixed indexed Annuities Indexed Universal Life infographic Investment and securities IUL life insurance Life Insurance Awareness Month Life Insurance Policy review Long term care Long Term Care Insurance LTC LTC Awareness Month marketing strategies marketing tips Press Release prospecting recruiting Retirement sales idea Sales tips social media surge Surge Business Consulting Technology website
  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Youtube
  • Spotify
Footer Logo

(800) 527-1155
FIGMarketing.com
Empowering Financial Professionals™

Privacy Policy | Terms of Use | Mobile App Privacy Statement

© 2023 Financial Independence Group, LLC. All Rights Reserved.


Back To Top