Learn the Advantages:

Transcription

1 Learn the Advantages: LONG TERM CARE BENEFITS An Educational Workshop Presented by: James R. Grazioli - President Comprehensive Financial Group Inc. Financial Service Professional 27 Yrs. A Discussion of The Importance of Long Term Care. No Rate Increases!

2 LEARN ABOUT LONG TERM CARE : One or Two Persons covered in One Policy No Rate Increases Rider Monthly Benefit Increases 3% Annually From Day One Start With a Lower Monthly Benefit and the Rider Benefit will increase 3% annually to a higher amount later when your chances of needing it increases. Benefits are Paid for Life as long as you qualify each year

3 The Solution: A Properly Structured Whole Life Insurance Policy With Living Long Term Care Benefits LTC Benefits Can be Used For The Following: Nursing Home Home Health Care Assisted Living Adult Day Care Hospice Premiums Guaranteed Not To Increase LTC Monthly Benefits Amounts Are Guaranteed Rider Monthly Benefits Increase 3% Annually Until Rider is Used Income Tax Free Death Benefit 2 nd to Die Cash Value Earns Tax-Deferred Growth

4 There are only two ways to combat the Potential Devastating Effect of a Long Term Care Claim: 1. Self Pay 2. Purchase A Plan That Covers LTC Claims

5 How important is Long Term Care Coverage? The next page will show the importance of a Long Term Care Policy Which would you choose to pay out or your Retirement Nest Egg? Or A policy that pays up to the monthly benefit amount of LTC claims with a Lifetime Benefit?

6 Long Term Care Statistics 70% of all individuals ages 65 and older will require some type of long-term care services1 76/81 Average lifespan in the U.S. today for males/females2 91/92 Life expectancy of an 85-year-old male/female3 1. How Much Care Will You Need? LongTermCare.gov. html. Web. 21 February Mortality in the United States, NCHS Data Brief No December Year Old Life Expectancy. HealthGrove.com. Web

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9 Case Study: One America Asset Care IV Policy 60 Year Old Male* 60 Year Old Female* $5,000 Monthly Benefit Pays For Life (Including the LTC Rider) $5,000 Monthly Benefit Rider Increases 3% Annually Death Benefit** - $125,000 Base Benefit Pays up to the $125,000 between two people, then the Rider Kicks in and pays a Lifetime Benefit Total Annual Premium - $8,951 *Assuming Standard Non Smoker ** Income Tax Free Death Benefit is a Second to Die Policy, and pays after the second death

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12 FULL ILLUSTRATION WILL BE PROVIDED AT APPOINTMENT

13 To Summarize The Benefits 1. One America Asset Care IV Policy 2. Male 60* 3. Female 60* 4. Long Term Care Monthly Benefit Starts at $5, Once Base Policy amount is used between the two people, the rider kicks in and pays the monthly amount at the time. 6. Rider monthly amount is guaranteed to increase annually at 3% from the start of the policy until the rider kicks in. 7. Rider benefit pays for life as long as the person qualifies for the benefit. 8. Death Benefit Base Policy amount - $125,000. * Assuming Standard Non Smoker

14 What to look for when selecting an Insurance Company Solvency (Assets over Liabilities to meet all obligations) Liquid Assets (To meet unforeseen emergency cash requirements that may arise) Capital & Surplus to Assets (Capital & surplus divided by total assets) AM Best Rating (Performance in Investment Quality, Policy Reserves, Cost Control, Management Experience)

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16 Remember the Nature of Procrastination People Don t Plan to Fail They Fail to Plan

17 Thank You For Attending This Presentation Where Do You Go From Here? Presented by: James R. Grazioli - President Comprehensive Financial Group Inc. Financial Service Professional 27 Yrs. Call James R. Grazioli Receive a Customized illustration of the: One America Long Term Care Policy or Cell/Text jamesgraz@hotmail.com Website: