Mary Smith is a 63 year old retired school teacher: - She has a total of $188,431 sitting in various interest bearing accounts.
- She really has no need to access the cash as her pension and social security payments are sufficient to sustain her lifestyle, but she is concerned if her health fails that the funds will be available to pay for her care if needed.
Her favorite niece, Kay, is a registered nurse working as the director of nursing at the local hospital. She has done a lot for her aunt through the years, and Mary has designated her as her beneficiary. If Mary were to die tomorrow Kay would receive the $188,431 proceeds. However, if Mary purchased a single premium life insurance contract with her $188,431, her immediate death benefit could be as much as double and could be passed on income tax-free to Kay. And while Mary is alive she would have access to the account values in her contract should she need it.* Please call 1-800-773-6559 for more information or to schedule a personal appointment with a Provident Financial Advisor. *Access-to-cash features that are exercised result in a reduction of the death benefit. | 
