Turning Frustration into a Benefit.
Their mother was already living in an assisted living community. The family was growing frustrated that they kept receiving lapse notices on her life insurance policy from the insurance company. The premium amount kept changing and was growing expensive. They were planning to not send in another premium payment and letting it lapse when the assisted living community told them they could instead trade it in for a Long Term Care Benefit plan. They contacted Life Care Funding and converted the $65,000 policy before they needed to make another premium payment. Instead they set up a $1,115 monthly benefit payment towards their mother’s assisted living costs and never had to make another premium payment again.
Assurance Benefit $19,775
$1115 monthly benefit
15 month benefit period
$3250 death benefit