Long-Term Care/Life Insurance Hybrid

Show Notes: https://cardinalguide.com/wp-content/...

This video outlines how to rollover $200,000 from your IRA (Individual Retirement Account) into an IRA at the insurance company. The $200,000 then funds ten, $24,000, premiums into the joint life/Long-Term Care (LTC) policy. This example is of a 62 year old male and a 60 year old female. The LTC portion of the policy pays $6,917/month for LTC. The $6,917 monthly pays for the lifetime of both insurers, as long as they need LTC. If neither uses the LTC benefit, the policy pays their heirs $230,570 after the death of the second insured.

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