Do you have clients who receive their Required Minimum Distribution (RMD) and do not have an income need for it? Do they take their RMD money and place it in a savings or money market account?
Asset-Care® III is a strategy that combines an individual retirement annuity (IRA) and a 20-pay whole life policy. The life insurance policy accelerates the death benefit for qualifying long-term care expenses, and is funded through the IRA - which is issued with a single premium.
Clients can benefit from qualified money not needed for income to provide protection from the costs associated with long-term care expenses, with unused amounts payable to heirs or charity.
