- Statistics
Female Client
Age 69
Non-Smoker
Standard Health
My client recently received money from death benefits received because unfortunately her husband had passed away suddenly. I was contacted to review her current financial situation and guide her through some decisions in regards to current income needs and more. My client has one child and we were fortunate to have her daughter participate in this process, which I encourage because it’s such an emotional and important decision. I found it to be very important for the client to consider buying Long Term Care Insurance. The daughter and the client recognized the value in having such insurance so that the pressure and responsibility of taking care of the mother would be less of a burden financially. Having Long term Care Insurance allows the family to spend more time with each other without any of the worries that come along with care that is needed.
- What happened?
Deposited $60,000 into an Asset Based Genworth Long Term Care Policy
Death Benefit of $122,000 should she pre-decease any LTC needs
Long Term Care Benefit of $219,000, which will pay for any and all needs of care for my client if the need arises.