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Topics in Long Term Care
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For access to these materials, please call (800) 359-5102 x 354 or email info@lifeagents.com
Daily Plan-It: Interesting Long-Term Care Trend: Boomers Are Insuring Their Parents
Interesting Long-Term Care Trend: Boomers Are Insuring Their Parents
Financial advisors have long touted to clients the benefits of buying long-term care insurance. While the recession has possibly motivated clients to listen to these benefits more than ever, they aren’t new. What is new is who clients are buying long-term care insurance for their parents.
Keeping Mom & Dad Out of Poverty
According to a recent article at OnWallStreet.com, financial advisors are seeing middle-aged clients asking about buying long-term care insurance for their less well-off parents. Often this is to protect not only their parents’ estate, but their own future as well.
Many have just had a relative go through being in a nursing home, and they see the devastation and the stress it causes. They’re concerned their parents don’t have a lot of means, and thus want to buy insurance.
- for the full article, continue reading!
Continue reading Daily Plan-It: Interesting Long-Term Care Trend: Boomers Are Insuring Their Parents…
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What Could Long Term Care Costs Do to Your Client’s Portfolio? - Webinar 5/6 11AM
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Join us and find out!
With so many clients nearing retirement age, the need to help protect their retirement assets against long-term care costs is greater than ever.
I’d like to tell you about Lincoln MoneyGuard® Reserve Reserve, a universal life insurance policy with long-term care benefits, issued by The Lincoln National Life Insurance Company (or in New York by Lincoln Life & Annuity Company of New York).
Lincoln MoneyGuard Reserve provides guaranteed benefits that reimburse qualified long-term care costs. It offers a simple approach that makes sense for your clients today and for tomorrow.
Hosted by
Matthew Treskovich, MBA, CMA, CLU, ChFC, FLMI
Creekmore Insurance Group, Inc.
May 6th, 2010, 11:00 a.m. EDT
Space is limited! To register for the event, click here.
Presented by
Kris Behm
MoneyGuard Internal Specialist
Lincoln Financial Distributors
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Important diclosures. Please read.
Lincoln MoneyGuard® Reserve is a universal life insurance policy with a rider that accelerates the specified amount of death benefit to pay for covered long-term care expenses. The cost of riders will be deducted from the policy account value. Guarantees are backed by the claims-paying ability of the issuer and are subject to policy terms and conditions. The policy and riders have limitations, exclusions, and/or reductions.
Lincoln MoneyGuard® Reserve is issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, on Policy Form LN850 (8/05) with a Convalescent Care Benefits Rider (CCBR) on Rider Form LR851 (8/05). The Lincoln National Life Insurance Company is not authorized, nor does it solicit business in the state of New York. Contractual obligations are backed by the claims-paying ability of The Lincoln National Life Insurance Company.
For policies sold in New York, Lincoln MoneyGuard® Reserve is issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, on Policy Form LN850 (8/05) with a Convalescent Care Benefits Rider (CCBR) on Rider Form LR851 (8/05). Contractual obligations are backed by the claims-paying ability of Lincoln Life & Annuity Company of New York.
Products and features, including benefits, exclusions, limitations, terms, and definitions may vary by state.
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Not a deposit |
Not FDIC-insured |
Not guaranteed by any bank or savings association |
May go down in value |
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Not insured by any federal government agency |
Lincoln Financial Distributors, Inc., a broker/dealer, is the wholesale distribution organization of Lincoln Financial Group. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates.
Affiliates are separately responsible for their own financial
and contractual obligations.
©2009 Lincoln National Corporation
www.LincolnFinancial.com
LCN0807-2018651 LIF-MGR-09-0008_MGR-SUM-eIN001_Z01
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Permanent link to What Could Long Term Care Costs Do to Your Client’s Portfolio? - Webinar 5/6 11AM
Because You Asked: Taxation of Long-Term Care Insurance
In 2006, the Pension Protection Act of 2006 (PPA) was signed into law. In addition to sweeping changes to the laws controlling pensions and retirement plans, the PPA also amended the laws surrounding long-term care insurance.
This guide contains frequently asked questions about the taxation of long term care insurance, and changes made by the PPA.
Click here to download the guide.
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Use a 1035 Exchange of Annuity Money to Pay LTC Premiums
The Pension Protection Act (PPA) brings new opportunities to talk to customers about adding long term care planning to their retirement strategy. It allows non-qualified annuity owners, in many instances, to use their annuity to pay for long term care insurance premiums tax-free.
Continue reading to learn about some common examples of a partial 1035 exchange to fund a Long Term Care insurance policy.
Continue reading Use a 1035 Exchange of Annuity Money to Pay LTC Premiums…
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Kiplinger LTC Planning Workbook
The Next Step
A Kiplinger workbook to help your clients plan ahead for long-term care.
Continue reading Kiplinger LTC Planning Workbook…
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Understand the Difference between Long-Term Care and Disability Insurance
Clients can become easily confused when a financial advisor starts talking about insurance options. This is especially true when explaining the differences between long-term care insurance and disability insurance. There are some important distinctions you can help clients to understand.
Continue reading Understand the Difference between Long-Term Care and Disability Insurance…
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LTC - Prospecting, Setting Appointments, Handling Common Objections
LTC Teleconference Replay Available : LTCi Strategies
If you missed the June 10, 2009, teleconference covering long-term care insurance sales strategies, we have arranged an opportunity for you to listen to a digital replay of the call.
Dial the number below to hear Tim Mahurin, Prudential LTC regional sales manager, as he provides key strategies in approaching the long-term care insurance sale including prospecting, setting appointments, handling common objections as well as other helpful strategies.
You may access the recording until Wednesday, July 1, 2009, at 11:59 p.m. ET.
Click here to download a copy of the powerpoint to accompany the audio presentation.
A username and password are required - if you don’t have one, email info@lifeagents.com or call 800-359-5102 x 354
Dial-In: (320) 365-3844
Access Code: 971075
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Individual Multi-Life vs Executive Carve-Out Comparison
The attached Multi-Life comparison chart shows some of the differences between Individual Multi-Life and Executive Carve-Out products. Please note this chart is a “high level” comparison and does not include EVERY benefit or requirement of the Multi-Life, Multi-Life Plus, or Business Solutions products.
Click here for the comparison chart.
A username and password are required - if you don’t have one, email info@lifeagents.com or call 800-359-5102 x 354
For more information and quotes, contact Matt at (800) 359 - 5102 x 354
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Full No Lapse Guarantee In a UL / LTC Linked Benefit Product
Many long term care insurance shoppers won’t buy because they’re concerned that if they don’t “use it” they will “lose it”. In addition, the potential for rate increases scares off some prospective buyers.
The solution is a fully guaranteed universal life product with a long term care benefit rider that allows the client to access a portion of the death benefit to pay long term care expenses!
Read more about this concept:
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Genworth LTC Sales Toolkit
Click here for the Genworth LTC Sales Toolkit
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Long Term Care Tax Guides - 2009
If you have small business clients, or older-age clients who need LTCI, you’ll want to take a look at these personal and business guides:
Guide to Long Term Care insurance as an employee benefit
Reasons Employers should consider LTC insurance for themselves
LTC insurance premium deductability - quick reference guide
Complete guide to Long Term Care insurance taxation and deductability, for individuals and corporations - just updated for 2009
This is the “big” guide, covering everything from eligible premiums to return of premium, limited pay premiums, taxation of benefits, C corporations, Partnerships, LLCs, and contributory arrangements.
Permanent link to Long Term Care Tax Guides - 2009
LTC - Helping Older Adults Get the Most Out Of Their Medications
Helping Older Adults Get the Most Out Of Their Medications
Knowing more about the medications they take may help older adults get more out of these medications-and suffer from fewer adverse reactions.
Matthew A. Treskovich, MBA, CLU, FLMI
Creekmore Insurance Group, Inc.
According to the Alliance for Aging Research (Older Americans Most at Risk to Medication-Related Problems) at least 12 percent of Americans, 65 and older consume 30 percent of all prescription medications and 24 percent of nonprescription or over-the-counter (OTC) medications.
Continue reading LTC - Helping Older Adults Get the Most Out Of Their Medications…
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LTC - Assisted Living Gaining in Popularity
Matthew A. Treskovich, MBA, CLU, FLMI
Creekmore Insurance Group, Inc.
Thanks to increasing longevity and healthier lifestyle habits, more and more older Americans are considering assisted living as a residential choice in their later years. Assisted living facilities (ALF) provide personal care and other services which enable residents to live as independently as possible in a more homelike setting than a nursing home. Continue reading LTC - Assisted Living Gaining in Popularity…
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LTC - Making the Nursing Home Choice
Making the Nursing Home Choice
Matthew A. Treskovich, MBA, CLU, FLMI
Creekmore Insurance Group, Inc.
While placing a loved one in a nursing home is a difficult decision, there may come a time when it is the right one. It will help if you do your homework and trust your instincts.
Continue reading LTC - Making the Nursing Home Choice…
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