So, I receive a call from a 68 year old widow that states she wants to buy long term care insurance.
In our discussions, she reveals her financial advisor wants her to reposition $50,000 in Lincoln Moneyguard.
And she reveals an ACSIA agent had applied her to Life Secure.
I ask her to tell me her net worth.
She replies $80,000. Total.
Fixed income of $3500 month.
I state emphatically to her I will not apply her for any long term care insurance product. Not suitable in my eyes.
Now, obviously any financial adviser that would move 63% of liquidity really needs to have
In our discussions, she reveals her financial advisor wants her to reposition $50,000 in Lincoln Moneyguard.
And she reveals an ACSIA agent had applied her to Life Secure.
I ask her to tell me her net worth.
She replies $80,000. Total.
Fixed income of $3500 month.
I state emphatically to her I will not apply her for any long term care insurance product. Not suitable in my eyes.
Now, obviously any financial adviser that would move 63% of liquidity really needs to have
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