Lifestyle 2000TM

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Lifestyle 2000TM

• LONG TERM CARE
• POINT OF SALE
• PRESENTATION

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Lifestyle 2000TM

• INDIVIDUAL LONG TERM CARE
• POINT OF SALE
• PRESENTATION

SLTC00-16
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Lifestyle 2000TM

• Individual Long Term Care

Financial plannings missing link
SLTC00-16
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Lifestyle 2000TM

• Are Your Retirement
• Income Dollars Protected?
• If you were to incur a catastrophic loss and need
  long term assistance do you have the coverage
  to pay for that assistance?

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Lifestyle 2000TM

• If not your retirement
• dollars could be reduced
• rapidly if you or a family
• member needed long- term assistance.

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Lifestyle 2000TM

• I would like to offer you
• State Lifes Lifestyle
• 2000 Long Term Care
• Insurance Policy.

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Lifestyle 2000TM

• You may be thinking
• you do not need this type
• of coverage.

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Lifestyle 2000TM

• Let me give you a few
• reasons why this
• protection is so
• important.

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Lifestyle 2000TM

• Although Long Term
• Care does provide
• Nursing Facility
• Care Long Term
• Care does not mean
• Nursing Home Coverage.

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Lifestyle 2000TM

• What is Long Term Care?
• Long Term Care is assistance
• provided to someone who has a
• condition or illness that limits
• his or her ability to perform normal daily
  activities.

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Lifestyle 2000TM

• Long Term Care Includes
• Assistance with Activities of
• Daily Living (ADLs)
• - Bathing
• - Eating
• - Dressing
• - Toileting
• - Transferring
• - Continence

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Lifestyle 2000TM

• Long Term Care Includes
• - Nursing Care
• - Medications
• - Care Review

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Lifestyle 2000TM

• Long Term Care Includes
• Rehabilitative and Therapeutic Care

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Lifestyle 2000TM

• Generally,
• Long Term Care Insurance Isnt

• Medicare Supplement (Medigap)
• Senior HMOs
• Disability Income Insurance
• Accident Only Coverage
• Most Private or Employer Medical
  Insurance Plans (some offer limited coverage)
  

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Lifestyle 2000TM

• Who Will Pay for Long Term Care?

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Lifestyle 2000TM

• Long Term Care Myths
• My Children Will Take Care of Me
• Medicare Pays for Long Term Care
• Medicaid Will Take Care of the Bill
• I Will Never Go to a Nursing Home

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Lifestyle 2000TM
Myth 1
My Children Will Take Care Of Me
American families are changing - Families are
spread out - Fewer children to care for
parents - Children unable to care for parents
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Lifestyle 2000TM
Myth 2 Medicare Pays for Long Term Care
Medicare Pays - Only for Approved Charges -
Only after 3 Days of Hospitalization - Only for
Skilled or Rehabilitative Care - Only for 100
Days Maximum per Diagnosis
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Lifestyle 2000TM
Myth 3 Medicaid will take of the bill
Federal Medicaid Spend-Down Limits(1) Qualified
Medicaid Beneficiary Monthly Income Limit
Asset Limit 691.00 ( Individual)
4000.00 (Individual) Nebraska
925.00 (Couple) 6000.00 (Couple)
Nebraska
( 1) Nebraska Health Human Services, 2000
www.hhs.state.ne.us/ags/agsmed.htm
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Lifestyle 2000TM
Myth 4 I WILL NEVER GO INTO A NURSING HOME!
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Lifestyle 2000TM

• What are the chances of needing Long Term Care?

The total risk of a 65- year- old entering a
nursing home at some point in life is 49(2)
(2) Long Term Care, Knowing the Risk, Paying the
Price, Health Insurance of America, 1997
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Lifestyle 2000TM
Friends and family may not be in a financial
position to help pay for the care you require
when you need it. Currently, one year in the
nursing home is estimated to cost 41,000 as a
national average.(3) If we consider even a
conservative inflation increase of 5 per year,
within the next 25 years, one years stay in a
nursing home could more than 100,000.(4)
(3), (4) The American Health Care Association,
September 1998
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Lifestyle 2000TM

• Protecting Current Assets
• Even younger clients have a current need for Long
  Term Care Insurance
• Long Term Care Utilization
• 3 are under age 18
• 40 are ages 18 to 64
• 57 are over age 65(5)

(5) U.S. Accounting Office, April 1995
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Lifestyle 2000TM

• Long Term Care Insurance Helps You To
• Maintain Independence
• Control the Quality of Your Care
• Have Peace of Mind for Your Future
• Preserve Your Assets

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Lifestyle 2000TM

• Shopping for Insurance Coverage
• Coverages
• - LIFETIME Coverage
• - Compound Inflation Protection
• - Adequate Daily Benefit Amount
• Features
• - Paid-Up Non-Cancellable
• - Home Health Care with
• Alternative Plan of Care
• - Clear Language

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Lifestyle 2000TM

• The Risks of Waiting
• Health Risk - your health can change
  unexpectedly its best to buy now while yours is
  good
• Financial Risk -if you wait, your initial premium
  will be higher
• LTC Insurance is purchased with Health, Age
  Money

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Lifestyle 2000TM

• Nursing Facility
• Assisted Living Facility
• Home and Community Based Care
• Choice of Daily Benefits
• Lifetime Elimination
• 0, 30, 90 Day Elimination Periods
• Lifetime, 5 and 3 year Benefit Periods

• Restoration of Benefits
• Indemnity Option
• Ten Pay Option
• Single Premium Option
• Joint Waiver of Premium
• Alternative Plan of Care
• Bed Reservation
• Respite Care
• Guaranteed Renewable
• Personal Care Advisor

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Lifestyle 2000TM
Coverage Provided by Policy Series S-6000-P,
underwritten by The State Life Insurance Company,
Indianapolis, IN. Policy benefits and options
vary by state and some of those listed here may
not be available in your state. For costs and
further details of coverage, including exclusions
and reductions or limitations and the terms under
which the policy may be continued in force,
contact your State Life agent. The information
provided here is not intended as legal or tax
advice. We recommend that you consult with an
attorney, accountant or tax advisor regarding the
tax implications of purchasing long term care
insurance.