slide1
Download
Skip this Video
Download Presentation
A Revolutionary Approach to Long-Term Care

Loading in 2 Seconds...

play fullscreen
1 / 19

A Revolutionary Approach to Long-Term Care - PowerPoint PPT Presentation


  • 71 Views
  • Uploaded on

A Revolutionary Approach to Long-Term Care. Underwritten by Guaranty Income Life Insurance Company Baton Rouge, LA. AC-SEM-04 (FL) 1. The AnnuiCare ® rider is a unique approach to Long-Term Care, offered exclusively by Guaranty Income Life Insurance Company.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'A Revolutionary Approach to Long-Term Care' - bernie


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1
A Revolutionary Approach to Long-Term Care

Underwritten by

Guaranty Income Life

Insurance Company

Baton Rouge, LA

AC-SEM-04 (FL) 1

slide2

The AnnuiCare® rider is a unique approachto Long-Term Care,offered exclusively by Guaranty IncomeLife Insurance Company

Home Office Baton Rouge, Louisiana.

Policy Form Nos. LTC-2 (FL 2/03) and LTC-3 (FL 2/03).

AC-SEM-04 (FL) 2

slide3
What is AnnuiCare®?
  • It is a tax-deferred annuity that provides up to triple the annuity value for qualified LTC
  • It is a tax qualified long-term care insurance rider
  • It is a tax deferred annuity with a tax qualified long-term care benefit

AC-SEM-04 (FL) 3

slide4
Why did Guaranty Income Life create an Annuitywith long term care benefits?
  • Because the majority of people self-insure.
  • Traditional Long Term Care Insurance is expensive and may be difficult to qualify for medically.
  • People may be reluctant to purchase something they may never use.

AC-SEM-04 (FL) 4

slide5
Moving Assets Can Make Your Money Work Better!

(Free Up More Assets)

$100,000

LTC Benefit

$150,000

“Financial

Safety Net”

$50,000

Premium

The cost of long-term care insurance is deducted from the annuity value.

AC-SEM-04 (FL) 5

slide6
$100,000

LTC Benefit

$50,000

Premium

Moving Assets Can Make Your Money Work Better!

(Free Up More Assets)

$150,000

Total available for Your Use

Moving $50,000 into AnnuiCare® can provide a benefit up to $150,000 for long-term care expenses.

AC-SEM-04 (FL) 6

slide7
$219,000 Total Benefit

=

+

$73,000

$73,000

$146,000LTC Benefit

$146,000LTC Benefit

%

X

ON

OFF

÷

7

8

9

4

5

6

1

2

3

+

.

0

=

Kate Jones (Female 65)

AnnuiCare® at Issue

73000 ÷ 730 =

AC-SEM-04 (FL) 7

slide8
730 Days

=

2 years

AC-SEM-04 (FL) 8

slide9
$219,000 Total Benefit

=

+

$73,000

$73,000

$146,000LTC Benefit

$146,000LTC Benefit

%

X

ON

OFF

÷

7

8

9

4

5

6

1

2

3

+

.

0

=

Kate Jones (Female 65)

AnnuiCare® at Issue

$100

(Daily Benefit)

73000 ÷ 730 =

AC-SEM-04 (FL) 9

slide10
$219,000 Total Benefit

=

+

$73,000

$73,000

$146,000LTC Benefit

$146,000LTC Benefit

%

X

ON

OFF

÷

7

8

9

4

5

6

1

2

3

+

.

0

=

Kate Jones (Female 65)

AnnuiCare® at Issue

$100

(Daily Benefit)

2,190 days (6 years)

(Minimum Benefit Period)

219000 ÷ 100 =

AC-SEM-04 (FL) 10

slide11
$325,196 Total Benefit

$216,797LTC Benefit

$216,797LTC Benefit

+

=

$108,399

$108,399

%

X

ON

OFF

÷

7

8

9

4

5

6

1

2

3

+

.

0

=

Kate Jones

AnnuiCare® at Age 75

$148.49

(Daily Benefit)

2,190 days (6 years)

(Minimum Benefit Period)

325196 ÷ 148.49 =

*Assumed Interest Rate 5.00%

AC-SEM-04 (FL) 11

slide12
$396,117 Total Benefit

$132,039 Cash

$264,078LTC Benefit

$264,078LTC Benefit

=

+

$132,039

%

X

ON

OFF

÷

7

8

9

4

5

6

1

2

3

+

.

0

=

Kate Jones

AnnuiCare® at Age 80

$180.88

(Daily Benefit)

2,190 days (6 years)

(Minimum Benefit Period)

396117 ÷ 180.88 =

*Assumed Interest Rate 5.00%

AC-SEM-04 (FL) 12

slide13
AnnuiCare®What Does It Pay?

AnnuiCare® will pay Long-Term Care expenses up to 100% of the daily maximum benefit for:

  • Home Health Care
  • Homemaker Services
  • Hospice Services
  • Maintenance or Personal Care Services
  • Respite Care
  • Assisted Living Facilities Care
  • Alzheimer’s Care
  • Nursing Home Care

… and up to 50% of daily maximum benefit for:

  • Adult Day Care

AnnuiCare® has exclusions and limitations. For costs and complete details of the coverage call or write your insurance agent or company.

AC-SEM-04 (FL) 13

slide14
Being unable to perform at least two out of six activities of daily living

• Bathing • Eating

• Continence • Toileting

• Dressing • Transferring

AnnuiCare®Accessing Your Benefits

To qualify for benefits, the insured must be chronically ill as certified by a licensed healthcare practitioner as:

or

  • Requiring substantial supervision to protect the individual due to a severe cognitive impairment.

AC-SEM-04 (FL) 14

annuicare suitability
AnnuiCare®Suitability
  • Financial - Where is the money coming from? Can you afford the coverage?
  • Medical – What is your past medical history? What medications are you currently taking?
  • Market: 60 to 85 years of age with $100,000 of liquid net worth

AC-SEM-04 (FL) 15

slide16
AnnuiCare®Underwriting
  • No Medical Exams
  • No Medical Records Ordered
  • No Lab Work Ordered
  • No Substandard Ratings
  • Quick Response - Usually 72 Hours

AC-SEM-04 (FL) 16

slide17
AnnuiCare®Underwriting
  • Up to age 75—Telephone Interview by Registered Nurse
  • Age 75 plus —Face to Face Interview

AC-SEM-04 (FL) 17

slide18
AnnuiCare®at a Glance
  • Minimum Amount — $36,500 — Non-qualified

$50,000 — Qualified

  • Maximum Amount — $300,000
  • Maximum Issue Age — 85
  • Guaranteed Interest Rate — 3%
  • Liquidity Feature — Interest earnings in excess of the long-term care premium deductions can be withdrawn without penalty. Any withdrawals will reduce long-term care benefits.
  • Death Benefit — Greater of annuity surrender value or return of annuity premium paid less any previous withdrawals and deductions.
  • Withdrawal Charges:

AC-SEM-04 (FL) 18

slide19
A Revolutionary Approach to Long-Term Care

Underwritten by

Guaranty Income Life

Insurance Company

Baton Rouge, LA

AC-SEM-04 (FL) 19

ad