Quick Facts
Age: 53
Client goal: To leave at least $1M to the daughter after taking lifetime income from the policy
How the client was found: Client is a referral from an estate planning attorney
Income / Net-Worth: $5M+
Health: Excellent
Concept Presented
Accumulation IUL with term rider
Problem(s) Solved
Client wanted to make sure at least $1M death benefit remained after taking distributions from the policy during her lifetime
Policy was designed with a term rider that maintained death benefit
At client’s life expectancy, death benefit is projected at nearly $6M with zero distributions; $1M with $2.3M of lifetime distributions
Key points we have spoken about:
LIRP
IUL's
Term Riders
Death Benefit
Distributions
Retirement
The legacy is secured; retirement is protected