Guardian Whole Life Insurance: Compare Long Term Care Insurance, Long Term Care Rider, or Cash Value

Welcome to our video about high cash value whole life with Guardian Life Insurance Company. In this video, we will discuss a client situation on the best way to get life insurance coverage and also the benefit of a long term care policy. The options we consider are: 1) whole life insurance policy and a long term care policy 2) a whole life insurance policy with a long term care rider or 3) a high cash value whole life policy without a long term care component, but utilizing the high cash value as a pool of money to pull from in the case of long term care expenses. #3 is an Infinite banking design policy.

Guardian offers a long term care rider, which provides a simple and flexible solution to address your long term care needs without having to purchase two separate policies. By adding the long term care rider, you can own a single product that offers life insurance protection and helps pay for long term care services.

But what if you want to access your policy's cash value for retirement or income distributions instead to help cover these long term care needs (or other needs)? This is where high cash value design comes in. By structuring a high cash value policy, you can access your cash value with ease and without having to meet any qualification triggers or negotiate with the insurance company for benefits to kick in.

Here's how it works: you can withdraw up to your policy's cost basis, and then take policy loans where the interest is covered by the policy earnings, meaning no out of pocket expense. This distribution method is tax and growth efficient and can maximize the amount you receive from your policy.

Additionally, having a high cash value policy provides access to a larger pool of money compared to traditional long term care insurance policies. With a few clicks online and in less than a few days, you can start having access to that cash value. This is a superior option for those who want to access their cash value without having to meet any triggers or negotiate with the insurance company.

Plus, the long term care rider or policy does cost an additional fee, so it's nice not to have that extra expense when opting for high cash value design. It can still potentially leave your heirs a death benefit that's paid income tax-free.

In summary, by choosing a high cash value design for your whole life policy, you can enjoy liquidity through the cash value and access it for retirement or income distributions with ease. Adding a long term care rider provides a simple and flexible solution for long term care needs. So, consider Guardian Life Insurance Company for your whole life policy with a long term care rider and high cash value design.

Alpha Crusaders LLC - As a brokerage based in Portland, Oregon, we provide customized insurance solutions and expert guidance to clients throughout the United States such as Oregon, New York, Florida, California, Washington, Michigan, North Carolina, Texas, and more!

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DISCLAIMER:
All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced is for informational purposes only.

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