Qualified Money & Leverage

A few weeks ago on Coffee Break, we talked about our turnkey funding strategy for Asset Care using qualified money.  We’ve generated a lot of calls into the sales desk and we thank you for questions and the opportunity to discuss our truly unique strategy.

Way back when I first started in the insurance industry as a career agent at a big mutual carrier from the northeast, one of the first concepts that I learned was IRA Max.  To remind you , that strategy is oriented toward wealth transfer where IRA distributions are used to produce a larger legacy benefit from a life insurance policy than what would be inherited if left in an IRA.

With our qualified money funding Asset Care strategy (aka Annuity Funding Whole Life or AWFL), we have a similar principle working.  Leverage and efficient transfer.

If you need a reminder of how the strategy works, follow this link to the Qualified Money Coffee Break episode. And, if you want a more in depth review, my internal Justin Fox can assist.  His direct number is (844) 658-3725 and email is justinfox.isp@oneamerica.com.

While IRA Max is a wealth transfer strategy, the Asset Care strategy is a wealth preservation strategy.

Think about this comparison for a moment.  The similarities are both rooted in wealth preservation and the efficient transfer of money.  In the case of IRA Max, the intention is to offset erosion by taxes.  With Asset Care, the intent is asset/capital preservation.

In my mind, one strategy allows for the other to proceed unincumbered.  Asset Care allows for maximum capital / assets to be retained by minimizing the impact of a long term care event.  By paying pennies to buy dollars of tax free benefits, more money stays in the pot to grow.

What good is a wealth transfer strategy if the wealth that was intended to be transferred ends up being consumed to pay for an extended healthcare event?

Think about it then give me a call.

One last thing – thanks for taking time for me.

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