THE BANKER STORY
A 65-year-old female walks into the bank that she has been doing business with since
she was a young woman. She has a $100,000 CD to renew and wants to talk to the bank
manager. Her intent is to put the money back into the bank, but she wants some
guarantees and has some requests to make.
Request 1: if the money goes back
into the bank, the bank must provide about $200,000 to her beneficiaries -- income
tax free, please -- should she die.
Request 2: Getting along in years, the woman is worried
about possibly getting sick and needing care in the future. If that were to happen,
she wants the bank to guarantee that there would be about $600,000 available for
her long term care expenses. And that money should also be paid out income tax free.
Request 3: In addition to the income-tax-free pool of dollars available
for long term care costs, she wants the bank manager to come to her home and help
her with all of the associated paperwork and decisions about finding just the right
care.
Request 4: Since her children live out of state, the woman will
need a bank employee to come by when the time comes that she needs care to
coordinate the care providers. After all, she may be unable to handle that later
on, absolutely wants to remain in her home and can't impose on the children for
an unknown period of time.
Request 5: When all is said and done, she may change her mind.
The woman also wants to know that any time she wants her money back -- tomorrow,
next week, next month or 10 years from now -- she can get all of her $100,000
initial payment.
BOTTOM LINE:
Of course, there is no bank manager in the world who can provide this, but
it is exactly what TLC does. TLC provides a tax-advantaged way to leverage money
significantly for long term care benefits, while also providing a leveraged income-tax-free
death benefit for beneficiaries.
Now is the time - show your clients some TLC!
Total Living Coverage universal life insurance with long term care benefits is subject
to Policy Form No. ULPLTCIPGLI (11/05) et al. and Rider Form Nos. ULRABRIPGLI (11/05)
et al., ULREBRIPGLI (11/05) et al., ULRROPIPGLI (11/05) et al. and ULRGMBRIPGLI
(11/05) et al. Policy, benefits and riders may not all be available in all states.
Terms and conditions may vary by state.
All guarantees are based on the claims-paying ability of the issuing insurance company.
©2008, Genworth Financial, Inc. All rights reserved.
FOR PRODUCER USE ONLY. NOT FOR PUBLIC USE OR DISTRIBUTION.
47339 11/05/08
