Ellen (AGE 78)

About Ellen

• Recently widowed

• Adult children live out-of-town

• Cares deeply about remaining in her own home

• Health concerns - controlled diabetes with history of heart disease

  • (turned down by traditional LTC companies)

Ellen’s Strategy

$3,000/month benefit is paid Tax-Free for:

• Home Health Care

• Assisted Living

• Skilled Care

Ellen’s Assets

After selling her family business, Wisepath was able to help Ellen invest $100,000 in an Annuity.

The gain in the annuity allowed Ellen to purchase a Lifetime Long-term care Benefit to help secure her future needs.

By choosing to pay with a single premium, Ellen was guaranteed that no more payments would ever be required. Also, there’s no unexpected premium increases sometimes seen with traditional long-term care insurance.

Why This Worked

In retirement your assets generate your income. By reallocating an existing asset you won’t need to use for income it can help protect you against an unexpected a long-term care (LTC) event.

Long-term care needs are unpredictable, so have products available that offer offer a Long-Term Care Continuation of Benefits option to ensure you and your family remain covered after your initial LTC benefits are exhausted.