We all have a story – and our stories are unique.
Years ago, I was sitting at my conference table with the owners of a successful business. The conversation was around their assets and their family. At some point in conversations like this, the objective is to understand what it is the clients want.
Many of our clients want to be prepared for the possibility of having to pay for long-term care. Most everyone likes the idea of having long-term care insurance.
The future of life insurance will be different than in the past. Over the past 30+ years, we have been in a declining interest rate environment. This means that new money pouring into the insurance companies to be invested has generally earned a lower rate than prior new money that was invested earlier when rates for conservative investments were higher.