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The risk is real.Every 66 seconds, someone is diagnosed with Alzheimer’s.
QUESTION #1
If Nursing Home Care is needed for
YEARS ANNUAL COST LONG-TERM CARE COST
X =
If In-Home Care is needed for
YEARS ANNUAL COST LONG-TERM CARE COST
X =
If Assisted Living Care is needed for
YEARS ANNUAL COST LONG-TERM CARE COST
X =
If you got sick and needed Long-term Care,
where would you want to receive your care?
©Simplicity Group Holdings, Inc.952583-0919
2019 Cost of Care
NURSING HOME CARE IN-HOME CARE ASSISTED LIVING
LOCATION PRIVATE ROOM MEDIAN HOME HEALTH AIDE MEDIAN PRIVATE 1 BEDROOM MEDIAN
USA - NATIONAL $102,200 $52,624 $48,612
ALASKA $362,628 $68,594 $72,000
ALABAMA $81,395 $41,184 $39,000
ARKANSAS $73,000 $43,472 $38,100
ARIZONA $97,638 $57,200 $45,000
CALIFORNIA $127,750 $64,064 $54,000
COLORADO $113,150 $59,488 $49,140
CONNECTICUT $166,988 $54,912 $58,560
DISTRICT OF COLUMBIA $127,450 $62,920 $135,450
DELAWARE $136,328 $56,056 $72,414
FLORIDA $112,639 $50,336 $42,000
GEORGIA $85,775 $46,904 $40,020
HAWAII $160,418 $62,645 $52,500
IOWA $82,537 $57,200 $48,933
IDAHO $102,748 $51,480 $44,730
ILLINOIS $82,125 $54,912 $50,040
INDIANA $102,200 $52,624 $49,200
KANSAS $74,095 $50,336 $53,670
KENTUCKY $91,250 $45,760 $41,958
LOUISIANA $68,109 $38,896 $43,800
MASSACHUSETTS $158,545 $62,920 $67,680
MARYLAND $120,085 $54,912 $51,600
MAINE $125,925 $61,410 $62,031
MICHIGAN $111,508 $53,768 $48,000
MINNESOTA $132,448 $69,784 $45,600
MISSOURI $68,255 $50,336 $34,566
MISSISSIPPI $85,045 $42,328 $42,291
MONTANA $92,608 $54,912 $45,840
NORTH CAROLINA $91,980 $45,760 $48,000
NORTH DAKOTA $143,832 $63,972 $40,860
NEBRASKA $92,345 $59,488 $45,831
NEW HAMPSHIRE $125,925 $64,636 $84,255
NEW JERSERY $139,795 $57,200 $76,800
NEW MEXICO $96,725 $51,480 $49,200
NEVADA $111,325 $51,480 $40,800
NEW YORK $148,190 $59,488 $55,563
OHIO $93,805 $52,624 $52,062
OKLAHOMA $67,525 $50,908 $42,210
OREGON $124,100 $64,064 $53,985
PENNSYLVANIA $124,830 $53,768 $46,950
RHODE ISLAND $127,750 $61,776 $62,385
SOUTH CAROLINA $91,250 $48,002 $42,000
SOUTH DAKOTA $86,323 $64,064 $42,000
TENNESSEE $87,600 $46,698 $46,800
TEXAS $77,015 $48,048 $45,000
UTAH $91,250 $54,912 $40,800
VIRGINIA $98,550 $52,578 $57,600
VERMONT $118,808 $61,776 $54,000
WASHINGTON $119,173 $69,784 $66,000
WISCONSIN $112,785 $57,200 $52,200
WEST VIRGINIA $138,335 $41,184 $45,000
WYOMING $96,360 $64,613 $45,360
Based on your TOTAL long-term care expenses of $_______, which asset would you liquidate first?
If I could show you a better way to use that money, is that something we should take a look at?
QUESTION #2
QUESTION #3
$
$
$$
$
$
$
TOTAL
Stocks/Bonds
MutualFunds
AnnuitiesIRA
Cash Valueof Life
Insurance?
Checking/Banking
©Simplicity Group Holdings, Inc.952583-0919
$
TAX-FREELONG-TERM CARE
THAT PAYS FOR:
1. Home Care2. Assisted Living3. Adult Day Care4. Nursing Home
Also, if you don’t use it, you don’t lose it.
©Simplicity Group Holdings, Inc.952583-0919
It’s not your money that allowsyou to get this, it’s your health.
Name: Spouse, if married:
Date of Birth: Spouse’s DOB:
State:
1. Within the past two years have you been confined to a nursing home, assisted living center, received or been advised to receive hospice care, been advised that you have a terminal illness or need assistance with: bathing, eating, dressing, toileting, transferring into and out of bed, chair, or wheelchair and/or maintain continence?
2. Are you currently hospitalized, bedridden or use medical devices such as: wheelchair, walker, dialysis machine, oxygen equipment, respirator, stair lift, chair lift, motorized scooter or taking medications Aricept, Exelon, Reminyl or Namenda?
3. Have you ever been diagnosed by a member of the medical profession as having AIDS, HIV, or ARC disorders, or tested positive for antibodies for the AIDS virus?
4. If under the age of 65, is there any reason you are not physically and mentally capable of active employment or are you currently receiving or have received within the past five years social security disability income benefits?
5. Have you ever been diagnosed, treated, tested positive for, or been given professional medical advice for: Alzheimer’s disease, dementia, memory loss, multiple sclerosis, muscular dystrophy, ALS (Lou Gehrig’s disease) Parkinson’s disease, down syndrome, organ transplant (other than kidney) or active cancer?
Pre-Screening Health Statement - Part A
Yes No Yes No
Yes No Yes No
Yes No Yes No
Yes No
Yes No
Yes No
Yes No
Client Spouse (if applicable)
©Simplicity Group Holdings, Inc.952583-0919
In the past 5 years, is there a history of:
In the past 5 years, is there a history of:
Diabetes Leukemia Heart Disease Heart Attack Stroke
Depression Congestive Heart Failure Cardiomyopathy Uncontrolled High Blood Pressure Amyotrophic Lateral Sclerosis (ALS) Cancer Organ Failure/Disease Chronic Obstructive Lung Disease (COLD) Chronic Obstructive Pulmonary Disease (COPD) Alcohol/Drug Abuse IF ABOVE CHECKED PLEASE PROVIDE DETAILS ON NOTES PAGE
Diabetes Leukemia Heart Disease Heart Attack Stroke
Depression Congestive Heart Failure Cardiomyopathy Uncontrolled High Blood Pressure Amyotrophic Lateral Sclerosis (ALS) Cancer Organ Failure/Disease Chronic Obstructive Lung Disease (COLD) Chronic Obstructive Pulmonary Disease (COPD) Alcohol/Drug Abuse IF ABOVE CHECKED PLEASE PROVIDE DETAILS ON NOTES PAGE
Pre-Screening Health Statement - Part B
Client:
Spouse:
Other:
Other:
Height:
Height:
Weight:
Weight:
Client Dose Frequency Reason
Client Dose Frequency Reason
Monthly Income:
Do you rely on IRA Income for living expenses? Yes No
Type Client Income Spouse Income
Social Security
Gross Wages
Pensions
Other
TOTAL
©Simplicity Group Holdings, Inc.
Let’s talk about next steps.
IMPORTANT: No money will exchange hands at this meeting.
• Our goal is to see if any of the options make sense for you.
• If so, we’ll discuss the process for submitting your health information to
the insurance company.
SELECT
WE LOOK AT:
Over 2,000 Insurance Companies
200 Have an A- Rating or Better
100 Have Been in Business for 100+ Years
30 Have a LTCRider Available
3 Finalists
1
TIMEDATE
1. Schedule a follow up meeting.
2. Complete a thorough analysis of all the available options based on the health information provided
3. Review our findings at our next meeting.
©Simplicity Group Holdings, Inc.952583-0919
Consider transferring some of it today so that you will have peace of mind
and a larger amount of Long-term Care for _________________
$
$
Instead of liquidating all of your IRA to pay for Long-term Care in the future
Please see Insurance Company Illustration for details of Policy
Monthly LTC Benefit of $_____________
• Home Care
• Assisted Living
• Nursing Home
$________________________
$________________________
$________________________
Existing IRA
Amount Transferred
Balance of IRA
1. Schedule a follow up meeting.
©Simplicity Group Holdings, Inc.952583-0919
Consider transferring some of it today so that you will have peace of mind
and a larger amount of Long-term Care for _________________
Instead of liquidating all of your Annuity to pay for Long-term Care in the future
Please see Insurance Company Illustration for details of Policy
Monthly LTC Benefit of $_____________
• Home Care
• Assisted Living
• Nursing Home
$________________________
$________________________
$________________________
Existing Annuity
Amount Transferred
Balance of Annuity
$
$©Simplicity Group Holdings, Inc.952583-0919
Consider transferring some of it today so that you will have peace of mind
and a larger amount of Long-term Care for _________________
Instead of liquidating all of your Stocks to pay for Long-term Care in the future
Please see Insurance Company Illustration for details of Policy
Monthly LTC Benefit of $_____________
• Home Care
• Assisted Living
• Nursing Home
$________________________
$________________________
$________________________
Existing Stocks
Amount Transferred
Balance of Stocks
$
$©Simplicity Group Holdings, Inc.952583-0919
Consider transferring some of it today so that you will have peace of mind
and a larger amount of Long-term Care for _________________
Instead of liquidating all of your ______________ to pay for Long-term Care in the future
Please see Insurance Company Illustration for details of Policy
Monthly LTC Benefit of $_____________
• Home Care
• Assisted Living
• Nursing Home
$________________________
$________________________
$________________________
Existing _______________
Amount Transferred
Balance of _____________
$
$©Simplicity Group Holdings, Inc.952583-0919
1. Get a copy of driver‘s license.
2. Complete the health questions.
3. Once approved, it’s time to transfer
the money from your bank to
your insurance company.
STEPS TO IMPLEMENT
©Simplicity Group Holdings, Inc.952583-0919
Best time to call
Best time:
Best time:
Phone #:
Phone #:
Client name:
Spouse name:
Best time to call?
©Simplicity Group Holdings, Inc.952583-0919
NOTES
©Simplicity Group Holdings, Inc.952583-0919
©Simplicity Group Holdings, Inc.
1 2018 Genworth Cost of Care Survey2 Georgetown University Long-Term Care Financing Project, “National Spending for Long-Term Care” 20073 Deficit Reduction Act of 2005; Public Law 109-171; Walters Kluwer ©2006, CCH, Inc.
I hereby acknowledge that made an opportunity available to me to purchase a long-term care insurance policy and I have declined to purchase such coverage. Furthermore, I have been made aware that:
► In 2018, the national private-pay cost for a private room (single occupant) in a nursing home is averaging $275 per day (or $100,375 per year). For a semi private room, typically a room shared with another resident, the cost is averaging $245 per day (or $89,297 per year).1
► Medicare does not pay for long-term care, Medicare only covers skilled care for a limited time, and only after hospital confinement. Medicare does not cover either custodial or intermediate care. Medicare pays 20% of the nation’s total nursing home bill.2
► Medicaid is intended as a safety net for the poor. In order to qualify for Medicaid, a person must “spend down” their assets according to the guidelines set forth in the Deficit Reduction Act of 2005.3
► Long-term care insurance is normally medically underwritten. Changes in my/our health may make coverage more expensive or unavailable at a later time.
► Premiums for long-term care insurance also depend on age. Premiums will be higher as I/we get older.
Our agent has explained stand-alone long-term care insurance policies, Life insurance/Long-term care and Annuity/Long-term care alternatives. We have decided to:
Signed: Date:
Signed: Date:
Agent: Date:
LONG-TERM CARE INSURANCE DISCLOSURE
Proceed Not Proceed
for the following reasons:
952583-0919
©Simplicity Group Holdings, Inc.
1. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
2. Premium rates vary by a number of factors, including carrier, product, client health, age, and a number of factors.
3. Simplicity does not provide tax or legal advice. You are encouraged to consult your tax advisor or attorney.
4. Not affiliated with the US government or a governmental agency. 5. Any transaction that involves a recommendation to liquidate a securities product, including those within an IRA, 401(k) or other retirement plan, for the purchase of an annuity or for other similar purposes, can be conducted only by individuals currently affiliated with a properly registered broker/dealer or registered investment adviser. If your financial professional does not hold the appropriate registration, please consult with your own broker/dealer representative or investment adviser representative for guidance on your securities holdings.
5. Producers should follow the approval and advertising requirements of the carriers they represent and their broker/dealer and registered investment adviser, if applicable.
COMPANY DISCLOSURES
AN 952583-0919
ASSET-BASED LTC
952583-0919
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