Sarah is a successful, high-powered corporate consultant. Her entire life is spent flying around the country to meet with clients. She has a home in California but rarely spends any time there. She lives in hotels and her office overnights her mail from her office. She reads and returns emails between 11 p.m. and 2 a.m.
Client Motivation
Two of Sarah’s grandparents required extended care. As a result of witnessing that, she realized that she didn’t want to be dependent on her family.
Financial Background
Sarah is building significant assets to retire in 18 years. To her, that retirement money is autonomy, freedom, and control of her circumstances. She wants to preserve her ability to choose her own path even if she needs care.
In addition, she had two other stipulations: If she didn’t need long term care, she wanted to get money back and the plan had to be fully paid up by the time she retired in 18 years. This way the entire cost would be covered by her company and be tax deductible, and she wouldn’t have to pay premium once she retired.
Health Snapshot
Client had no previous health issues.
Solution
We applied for a plan from an A+ rated carrier which fulfilled all her requirements:
She received the application by email and signed it online from a hotel room before running to catch her next flight.By the time she retires, she will have a sizable benefit pool that will provide a substantial monthly benefit for care.
Working as a Team
A few months after the policy was issued, Sarah called back looking for assistance with key person insurance for her business and a personal umbrella liability policy, so I referred her back to the financial planner who referred her to me! She now has a team of financial professionals working on her behalf.