Case Studies
Challenge:
Nancy & her husband are looking to retire after both of them turn 70 in about 4 years. They are looking to protect their retirement savings against any market fluctuations, increase their returns, maximize their overall monthly cash flow and be able to travel at least once a year during retirement.
Action:
Liquidated any assets that were not outpacing inflation, paid off their new home within 18 months of purchasing it, increased the returns of their retirement accounts while lowering their risk and maximizing their social security benefits.
Result:
Increased their monthly retirement income by over $2,400 a month and they are already planning on vacationing once a quarter.
Challenge:
Eric & his wife just had their first child and wanted to maximize the $100 they could afford to set aside for their daughter’s future without having to worry about market fluctuations.
Action:
Developed a plan has consistently averaged over 6% returns, requires almost no maintenance, is protected against market fluctuations and would provide significant tax savings.
Result:
Assuming the 6% average continues their daughter will have over $40,000 available to her by the time she graduates high school to pay for college or put a down payment on a home.
Challenge:
Ken & his wife are constantly arguing about money. They have over $100,000 in credit card debit, pay over $200 a month in bank fees and have no savings
Action:
Developed a winning spending plan that increased their monthly cash flow, built up a contingency fund and plan to eliminate their debt.
Result:
Ken & his wife no longer argue about money, they have reserved 3 months of household expenses and are on track to be completely debt free in 44 months.
Challenge:
Jim, age 55-year, has $100,000 at the bank that he would like to pass on to his daughter someday. Even if he continues to earn the 1.5% in interest rate that he is currently receiving it will only grow to $125,075 after 20 years.
Action:
He qualified for and purchased a life insurance policy.
Result:
His $100,000 would leverage into a $252,934 death benefit on day one or he could surrender his policy 5 years later with $104,995 assuming he earns the 6.71% illustrated.
Challenge:
Raymond, married with 2 children suffers a severe heart attack at age 54.
Action:
Elected to accelerate a portion of his life insurance using his critical illness benefit.
Result:
All of his medical expenses, mortgage payment and monthly expenses were covered while he recovered at home for 3 months before returning to work.
Challenge:
Caroline age 80 was just certified by her physician that she is chronically ill and needs to enter a nursing home.
Action:
Elected to accelerate a portion of her life insurance using her critical illness benefit.
Result:
All of her nursing home and daily living expenses were paid for during her stay.
Challenge:
Marshal was just told that she has less than two years to live.
Action:
Elected to use her terminal illness benefit on her life insurance policy.
Result:
Marshal took the vacation of a lifetime with her family.