Love Is As Simple As Thinking Forward

Sara and Ravi met in the back row of business class at U-Dub. He likes to say it was love at first sight; she likes to say that it took a few dates and a sailing trip in the San Juan Islands — and ultimately Ravi’s patience and care for her family — that sealed the deal. They were married just a few years after graduation in a small ceremony on Orcas Islands; and now, at the age of 40, they have been married for 13 years and live in Sammamish near the lake where Ravi rows every morning (rain pending of course!).

With good jobs and a lifestyle they love, Sara and Ravi make a collective income of $300,000 a year, but are concerned about the long-term care expenses they may face in the future. Living close by, Ravi and Sara have watched her parent’s retirement assets slowly diminish due to her father’s health condition, which requires ongoing care from her mother. Without additional resources to support them, they are looking to move out of their Queen Anne home — a home they’ve shared for 40 years and the place where childhood memories are stored for Sara and her younger siblings. While it may be too late for her parents, it’s not too late for Sara and Ravi to plan ahead.

Ravi likes to think he’ll continue his active lifestyle well into old age, but no one knows what the future holds, so they decided together to put a plan in place to ensure they were covered for any necessary long-term care. With an Index Universal Life Policy with a Long-Term Care Rider for Sara and Ravi both, they were able to acquire a $2 million dollar policy for income protection, with a $1 million long-term care rider that covers any future long-term care expenses.

Knowing that 70% of Americans eventually need long-term care and seeing how it’s affected her parents, it was an easy decision for Sara and Ravi. Now that they have a plan in place for their own future, they can continue to offer help and support to Sara’s parents, who have helped them along the way so many times before. Often times, love is as simple as thinking forward.

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“Experiences of clients with life insurance products will depend on their unique facts and circumstances and we cannot guarantee the same results for all clients.”

Indexed Universal Life Insurance: Retirement Never Looked So Good!

For Noah, a successful architect and residential builder, “tax favored income” was beginning to feel unobtainable. With a rewarding, but challenging career and a firm that he built from the ground up, Noah watched his parent’s generation retire to both successful and unsuccessful results. Itching for time and resources to pursue his dream of building a LEED certified house on Whidbey Island — and understanding that his success only means so much without a plan for retirement — Noah’s personal CPA referred him to us for a consultation.

With a respectable income and two IRA’s that he opened in his early twenties, we sought a way to supplement Noah’s future retirement income while minimizing taxes on his existing assets. The solution for Noah was simple: invest the maximum premiums allowed into an Indexed Universal Life policy that would provide him with benefits during his lifetime that could be used as supplemental income during his retirement years.

Here’s how it works for Noah. With the downside protection of a Universal Life Insurance policy and the upside potential that Indexed Life Insurance provides, the Indexed Universal Life policy combines strong growth opportunities with protection, falling right in the middle of the risk versus reward scale — Noah’s personal comfort zone. Without participating in stock or equity markets, Noah’s Index policy will credit interest based only partly on an equity index and the interest earned will never be less than zero or greater than any CAPS imposed by the carrier.

By investing the maximum after-tax premiums allowed over a 5 year period and receiving the minimum death benefit required, Noah is able to use the funds during his golden years of retirement. While he isn’t the classic case of someone who would require a solid life insurance policy — a healthy single professional nearing the apex of his career — the policy offers Noah the peace of mind that if anything happens to him, there is a death benefit for his family to rely upon. So what now? He can simply sit back, plan his retirement, and design his dream house while his Index Universal Life Insurance policy does the work for him.

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“Experiences of clients with life insurance products will depend on their unique facts and circumstances and we cannot guarantee the same results for all clients.”