Age 30 by Nov. 1, 2021 (minimum age required for this solution)
$50,000 minimum insured LTC cash account deposit, Zero Fees
Tax-free LTC Benefit is typically 2.5-3 times cash deposits (depending on health underwriting)
Zero Fees for this policy
Zero interest paid on deposits
100% cancellable, (any time after tax exemption)
100% refundable, and penalty-free, (any time after tax exemption)

Read Option 2 Details Here

A. Ages 18-34 individual policy: $36,500 minimum insured LTC cash account deposit

B. Ages 35+ individual policy: $25,000 minimum insured LTC cash account deposit

C. Joint policy (marriage not required, can be parent/child if no greater age spread than 25 years, minimum age of younger insured = 34, if older insured is already 35+): $30,000 minimum insured LTC cash account deposit

Tax-free LTC Benefit is typically 2-3+ times cash deposits (depending on health underwriting)

Zero Fees for these policies
2% interest currently paid on cash deposits
100% cancellable and refundable, at 9% cancellation fee, if cancelled in full PRIOR to 10th year,
*or*
100% cancellable and refundable, 100% penalty-free, if cancelled AFTER the 10th year,
*or*
10% (1/10th of balance) cancellable and refundable, 100% penalty-free, EVERY anniversary

Read Option 3 Details Here

Individual policy:

Ages 21+
‘As low as’ $2,500/yr non-refundable minimum premium*
LTC Benefit typically starts $200,000+ (determined by health underwriting,)

Joint-Married policy:

Ages 40+
‘As low as’ $2,500-$3,000 non-refundable minimum premium
(*May be available elsewhere for lower minimums.)
(Existing LP clients and family may qualify for exceptions, call or text to inquire.)
LTC Benefit typically starts $50,000+ (determined by health underwriting,)
100% Cancellable penalty-free
HOWEVER, No premium refunds

Read Option 4 Details Here

Ages 18+, Individual Policies only
Minimum $50,000 deposit over 5+ years
As low as $5,000 year 1
Income Tax-Free Roth-Alternative retirement Life/LTC policy
(Reference: IRC 7702)
Qualifies for WA payroll tax exemption
LTC Benefit starts at $250,000 minimum
Unused LTC Benefits become Tax-Free Life Insurance Benefits
15+ year duration product design
No IRS income phase-out restrictions, available to all income levels (unlike Roth IRA/401k)
No IRS contribution restrictions, suitable to higher earners (unlike Roth IRA/401k)
50-90% mid-term tax free liquidity (with re-contribution privileges) available (unlike Roth IRA/401k)
Cash account can grow annually base on market-index linked interest
Contributions and annual gains are protected from subsequent market losses
Contribution pay-ins are flexible, allowing variation to fit cashflows
Contribution plans can be decreased any time without underwriting
Contribution plans can be increased with additional health underwriting

BEST GROWTH DESIGN APPROACH;

Determine maximum capital contributions over future 10-15 years desired to compound tax-free

Apply for a policy designed for the MINIMUM required LTC/Life benefits that retain IRC 7702 tax-free provisions

With flexibility permitted, add capital to fit max funding design as fast as cashflows allow

STRATEGY NEGATIVES:

Long term commitment

Requires more complete health exam and underwriting

Requires initial multi-year contribution planning (actual contribution amounts can be flexible)

Premature policy cancellation subject to substantial penalties

Annual market upside growth is typically capped or fractionated, and rarely supercedes 20% annual interest

Initial dollar contributions incur 1st year expense burdens of 6-8%, subsequently declining in expenses annually.

Gross total annual average fees typically drop to or below 1% by 15th-20th year (thereby roughly equalling traditional portfolio management fees, without traditional portfolio loss risks.)

*Guarantees backed by the claims paying strengths of the offering insurance companies.

Click Here For Individual applications

Click Here For joint applications

PROCESSING TIMES (as of 7/27/2021)

CURRENT Approximate process times (in business hours) at present loads;

4-5 days = AFTER your intake data is 100% complete, including identification numbers and uploads, and any requested supporting documents, your submission from Leverage Planners to selected insurance carrier will be issued.

IMPORTANT: some situations bring forth follow up questions from the insurers before initial submission can be made. Do not delay!

1 day = Upon the selected insurer’s receipt of your screened submission, you’ll receive formal electronic app and disclosures via email (We encourage rapid response to their application)

1-3 days = The selected insurance company will call you at the number you’ve specified to schedule your health underwriting interview (We encourage timing urgency)

2-5 days = The insurance company issues their acceptance decision and offer of coverage terms, premiums, and conditions (We encourage urgency of your premium payment to bind them to their offer, regardless what it says initially. You retain the ability to modify.)

IMMEDIATE = Upon their receipt of your 1st dollar they are bound to their side of the coverage contract, and you are qualified to attest for WA payroll tax exemption.

30 days = After they are bound, you still have a 30 day “free look” rescission period, during which you can carefully and leisurely review the solution you’ve bought, and change your mind without consequence if desired.