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The Alternative to Traditional Long Term Care and Money Market Investment – All In One

Richard Ericson

I listen to you and what you want.  There are two areas that I hear over and over again: Long Term Care and a safe investment that make more than 1%. 

Almost all clients I meet with want and understand the need for long term care. However, almost all the clients I meet with do not have long term care.  The number one reason is, “what if I don’t use it”, or “I feel like I’m not getting anything for my premium.”  At the same time, clients express frustration over making 1% in their money market account or CD.  They want safety as well as growth.

The ideal answer is an alternative, called a single premium universal life product.  This type of policy is versatile in that it accomplishes multiple benefits including (the rates/attributes below are from one particular product as of 12/12/2013 for illustration purposes):

  • Safety.  The investment is protected. It has a floor, the principle is guaranteed.
  • 12% bonus.  Like many annuities, this product offers a jump start on your growth.
  • Upside growth.  Unlike your money market or CD, with this policy has a very high monthly cap.  This product has averaged 7.4% over the last 30 years.  Last year the product earned 23%.  The fixed rate option alone is currently 4.2%.
  • Long Term Care.  This product has long term care benefits.  If you need the benefits you use them, if you don’t need the benefits you still have your investment and other benefits to utilize.
  • Tax free death benefit.
  • Return of premium.  You are not locked into a long term contract.  

This is an example of this insurance policy being used as an alternative to traditional long term care and a money market account.  The versatility of this product makes it a valuable piece of many retirees’ portfolios. It is not the only piece to a healthy portfolio, but a valuable alternative to assets making one percent currently while providing long term care benefits.  As I was told, “It is not too good to be true; it is too good to be available for a long time.”  

To learn more from this annuity professional, click here (Richard Ericson).

About the Author:

Richard Ericson was born and raised in Salt Lake City, played quarterback for Weber State University and coached football at the Division One level for 10 years at Weber State and Utah State Universities as offensive coordinator. He now coaches individuals on how to invest safely in their retirement plans. He has had his own radio program and was featured in Fox Business News emphasizing risk-free investments. Rich’s expertise is working with business owners utilizing advanced tax strategies to reduce risk and build tax-favored and tax-free wealth. Rich received his Bachelor’s Degree in Communications and his Master’s Degree in Education from Weber State University. He is currently licensed to sell Property & Casualty, Life and Health insurance, as well as annuities. With his expertise in analyzing risk, Rich is well qualified to help individuals evaluate their opportunities to reduce tax, legal, and market risk.

Richard strongly believes that money which grows consistently and without risk is the safest investment for his clients’ retirement income. “Playing the ‘Wall Street Game’ with your sacred money is a sure way to run out of money when you need it the most,” warns Rich. He further states, “If you want to play the stock market game with 30-40% of your wealth, that’s fine, as long as you have enough money in safe, guaranteed investments to meet your retirement goals.”

He can be reached at (303) 749-5853 or


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