A First Class Life Making the Most Out of What You Already Have
Sally J’s Story
Sally contacted us because she realized she was heading for trouble. She and her husband were living on a combination of his service pension and her social security. While from outward appearances, they were “comfortable,” rising taxes on their home, rising food prices and gasoline were starting to eat into their savings.
Sally was worried!
After some discussion, she agreed that a FREE financial analysis offered by A F Cas Lf
is ls ie was a good place
to start. She was put in touch with an expert financial advisor who asked her a series of questions, and then for copies of several documents.
Here is what the expert recommended.
1) Get your money out of the bank and put it into either:
a. A money market fund which would increase their income by nearly $2,000 per year, or
b. One of several mutual funds or “exchange traded funds” that would increase their income by $6,000 per year.
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2) Examine the possibility of a reverse mortgage which could not only relieve them of their current mortgage payments, but also provide an income.
3) Look into the possibility of generating cash and reducing expenses by either converting the existing term (no cash value) life insurance policy on Sally’s husband; or make a Life Settlement on that policy
Here’s what Sally did!
Starting with the insurance policy, she spoke to the licensed expert recommended by A First Class Life. Even though the policy had no cash value, based on her husband’s age and health, she was able to make a Life Settlement on that policy! She received $17,000 in cash, and no longer had to pay premiums, cutting their expenses by more than $2,000 a year.
Sally’ was a very conservative person, so she decided to leave $10,000 in her bank account, and then move the rest plus the $17,000 from the life settlement into one of the recommended funds. The effect so far, was to reduce their expenses by $2,000 per year, while increasing their income by more than $5,000 per year.
Her third step was to look into the
reverse mortgage
situation. Even though the assessed valuation was sharply reduced over the past three years, they still had more than $100,000 in equity over and above the small $20,000 mortgage.
What was
recommended was a reverse mortgage to accomplish two things: eliminate the current $222 monthly mortgage payment, and provide an an additional income of $400 per month. Despite some reservations about using up the equity they had in their home, and not leaving anything for the children, she decided to go ahead.
Sally’s Net Effect
The final tally was a reduction of expenses of nearly $5,000 per year, and an increase in income by nearly $15,000 per year. They did not have to lay out a penny!
Sally and her husband were on the way to A First Class Life, and all it took was one telephone call to get started. Is your situation similar?
You owe it to yourself to call Charlene at 800-225-5044
She is there to help you, and there is NO COST and NO obligation!
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