Funding a John Hancock LifeCare Platinum Status IUL with Home Equity – Without Going into Debt

Well, you can. Meet Susan.

She is 55 years old, unmarried, and owns a $1 million home with a $200,000 mortgage. She has a small 401(k) but little else to pay for her expected long-term care needs and leave a legacy for her two adult children and grandchild.

By taking advantage of CHEIFS^℠, Susan sells a minority interest in her home’s future value and converts a fraction of her home equity into $100,000—tax-free. She’s then able to purchase a John Hancock LifeCare Platinum Status IUL, which starts with a long-term care benefit of $332,499 and a death benefit of $166,250 if long-term healthcare isn’t needed.

Susan secures long-term care without having to:

• Liquidate assets
• Use cash on hand
• Go into debt

She stays liquid. She continues to live in her home while enjoying the benefits of homeownership. She’s able to achieve her retirement goals by staying fully invested.

Additionally, the combination of the death benefit and the Retained Premium Investment Account ensures that the CHEIFS payoff amount can be satisfied in future years, providing options for her heirs.

That’s how CHEIFS empowers homeowners to achieve financial success.

_{* This insurance product is described for informational purposes only. Cornerstone does not sell, place, or endorse insurance products and is not affiliated with Allianz Life Insurance Company of North America or any agent or advisor. This is not an advertisement or endorsement of the insurance provider or its products.  Actual product pricing, benefits, and terms may differ. Consumers should consult their insurance agent or advisor about specific insurance products.}

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