Life Insurance That Isn’t Life Insurance (!)

There are retirement-oriented products out there that use a Life Insurance policy as a “container” for lack of a better word. Life companies set it up this way because they can get you superior benefits while you are alive that may be more expensive or inferior if you purchase directly.

If you should happen to pass away before (or while) you’re getting these benefits, then the death benefit is there for your survivors.
Sound Interesting?

1.      One Product is Long Term Care insurance (LTC).  LTC is used to pay for the very high expense of Home Care, Assisted Living, Nursing Home and even Hospice.

There are many companies that uses a Life Policy to pay for your Long Term Care.  I work with, one of the very few that provide a Lifetime benefit (instead of covering you from 2-7 years).

2.     Another Product is IUL. Its short for Index Universal Life.  Yes, it’s a Life policy, but its structured to get you aggressive Stock Market level returns and provide TAX FREE INCOME when you need it. It may sound ‘risky’ but it isnt. You don’t have to worry about market losses. 

It only captures market gains – not losses.