Because this hits home for so many of my clients I thought I'd throw this out here. Most people with savings die before spending everything (poor planning?). From what I understand only 8% of annuities are ever actually used for retirement but are simply inherited.
There is a better way for many. You can move your money into a SPLI policy. A 70 woman can turn $50,000 in savings into a benefit for her family of almost $100,000. The growth of the cash may increase faster than a CD and the $100,000 is accessible for long term care needs (rather than the deposit of $50,000). And all this with a 100% money back guarantee.
There are so many ways this product can help. I spoke with one client last week who only has $30,000 and said this must remain for her funeral expenses. So I told her she could move $20,000 into the policy which in her case generated a $38,000 death benefit - more than what she originally wanted for final expense. The remaining $10,000 was put in her hands as cash. She's taking her family on a vacation of their lifetimes. The grandchildren will always remember grandma.
If you want more information please let me know.
Rick
There is a better way for many. You can move your money into a SPLI policy. A 70 woman can turn $50,000 in savings into a benefit for her family of almost $100,000. The growth of the cash may increase faster than a CD and the $100,000 is accessible for long term care needs (rather than the deposit of $50,000). And all this with a 100% money back guarantee.
There are so many ways this product can help. I spoke with one client last week who only has $30,000 and said this must remain for her funeral expenses. So I told her she could move $20,000 into the policy which in her case generated a $38,000 death benefit - more than what she originally wanted for final expense. The remaining $10,000 was put in her hands as cash. She's taking her family on a vacation of their lifetimes. The grandchildren will always remember grandma.
If you want more information please let me know.
Rick