Genworth: Put that lazy money back to work with TLC
Do your clients have “lazy money” that is not working as hard for them as it could?
If your clients have their money in a CD, consider reallocating this money into Total Living Coverage® (TLC) from Genworth Life Insurance Company. By doing so, you’ll be helping them better prepare for the risk of a future long term care (LTC) need.
·With TLC, covered LTC benefits and, generally, the life insurance death benefit, are income
tax-free, and
·Your clients can access their policy cash value if they need it.4
Compared to a CD, TLC offers your
clients more flexibility, faster growth
of their money, and higher leverage.
Simply stated, TLC can help your clients prepare for a potential
future LTC event better than a CD.
Money in CDs is effectively “standing still,” while the cost of LTC
keeps going up:
Expected yield in a five year CD1
Average inflation in 20122
The cost of LTC in for one year, assuming a private room in a nursing home3
TLC offers a credited interest rate of 3.85%, and instantly provides your clients with a death benefit more than
twice their initial premium and over seven times their initial premium
for covered LTC benefits.
You can also place this banner on your Intranet (five sizes available):
Access TLC Simulator from your iPad® at genworth.com/TLCmobile to see how TLC can meet your clients’ top priorities – on the spot5
TLC Simulator is optimized for use on iPad®
only. We will be adding additional browser and device compatibility in the future. TLC Simulator is available for use in all states except: CA, CT, FL, HI, IN, NJ, NY.
1 Source: bankrate.com. Rates as of 9/9/13. Site accessed on 9/9/13.
2 Source: usinflationcalculator.com. Site accessed on 9/9/13.
3 Genworth 2013 Cost of Care Survey, conducted by CareScout®, April 2013. CareScout is a Genworth company National median annual rates are calculated based on the following: Nursing Home – Private room. Daily rate X 365 days. 4 It is important to know that loans (if not repaid) and withdrawals will negatively impact your policy value and any amounts paid under the LTC and life insurance benefits. 5 All values and benefits shown at their original benefit levels. Benefits can never be reduced below guaranteed minimum benefit values.
Total Living Coverage® is underwritten by Genworth Life Insurance Company, Richmond, VA
Total Living Coverage universal life insurance with long term care benefits is subject to state availability and the terms, issue limitations and conditions of Policy Form No. ICC12-GL5000 and Rider Form Nos. ICC12-GL500R, ICC12-GL501R, ICC12-GL502R, and ICC12-GL503R. Policy, benefits and riders may not be available in all states. Terms and conditions may vary by state.
All guarantees are based on the claims-paying ability of Genworth Life Insurance Company.
Refer to the policy for definitions and more details regarding coverage and its features. This email provides
a summary of coverage. Policy terms and provisions will prevail.
Insurance and annuity products:
Are not deposits.
Are not guaranteed by a bank or its affiliates.
May decrease in value.
Are not insured by the FDIC or any other federal government
agency.
