Spring into Action: Securing Your Future

Nikki, 45, is happily married with two children and is currently the breadwinner of her family. Nikki has concerns that if anything were to happen to her; would her family be well taken care of financially? Nikki has a conversation with her Financial Professional, Michael, and decides to apply for life insurance. During the underwriting process, she learns she is unable to obtain this type of coverage due to her underlying heath conditions. In addition, she discovers that based on her health and family history, she is considered a high risk for a long term care event in the future. Nikki reaches out to Michael to see if there are any alternatives that would provide her and her family with the financial protection they need.

Michael has a discussion with her about Annuities and the benefits they can provide in addition to principal protection and income. He explains in detail that some annuity products offer a long-term care benefit along with a death benefit; he also clarifies that in purchasing the annuity, there is no underwriting process, so her underlying health issues will not affect her eligibility to obtain coverage. Should she experience a long-term care event, an annuity will provide her with a pool of funds specifically designated to cover these costs. Upon her passing, Nikki’s beneficiaries will receive any remaining assets in the annuity in the form of a death benefit.

Overall, Nikki is extremely relieved and thankful that Michael took the time to research and find a comprehensive strategy for her situation. Nikki now has the confidence that no matter what her future holds, her family will always be taken care of.

Lifetime Planning in Motion