Most people do not plan for Long Term
Care until it is too late:
13%actively plan for how they will live as they grow older and frailer
40%first begin to actively plan following a “near catastrophic”
health event
47%must make long term care decisions in a very short period of
time, usually while in the hospital
75%exhaust all of their savings and assets while still alive trying to pay
for Long Term Care
help pay for the costs of long term care. By
converting a life insurance policy instead
of abandoning it, the policy owner’s care
can be covered by the monthly long term
care benefit payout and the life insurance
asset can be spent-down in a Medicaid
compliant fashion.
“Our goal at Emeritus is to ensure that
able assets and can be converted to pay
for long term care, and as a result some let
active policies lapse. We hope that we can
help educate seniors about their resourc-
es, so that more seniors can have access to
the long term care that they need.”
With traditional resources to pay for
long term care on the decline, it will take
the difference. NU
Chris Orestis is Co-Founder and President of Life Care Funding Group; a 15-year
veteran of both the life insurance and long
term care industries having worked with
both HIAA and ACLI; a member of the
Advisory Board to the 3in4 Need More
Association; and a frequent speaker, featured columnist, and contributing editor
to a number of industry publications. His
blog on senior living issues can be found at
www.lifecarefunding.com/blog. He can be
reached at 888-670-7773 or chris@lifecare-
funding.com.
ATTN: FINAL EXPENSE MGAs/IMOs
5Star Life
Insurance Company
5Star Life Insurance Company is
an A-rated (reaffirmed A.M. Best
02/16/2011) Life insurer licensed in
49 states (excluding NY), the District
of Columbia, Guam, Puerto Rico,
and the US Virgin Islands. We offer
a competitive final expense product
portfolio (Preferred/Graded), attractive commissions, and quality agent
service and support. We are seeking
new partnership opportunities with
MGAs/IMOs with proven success in
final expense sales.
If interested contact:
Paul Monica
pmonica@afba.com
703-706-5987 direct
Toll Free 1-866-465-0647 xt 2412
On the web at: www.afba.com
5Star Life Insurance Company
ATTENTION MGAs/INSURERS
CONFERENCE
Eastern
Claims Conference
Feb 26-28 New York City
36th Annual
Educational topics include: Life, Accidental Death &
Dismemberment, Health and Disability product lines
Who Should Attend: Claims Professionals, Claims
Managers, Legal Counsel & Staff, Fraud Investigators
and other Governmental Agencies
Please see the FAQ page of our website for details
www.easternclaimsconference.com
RESOURCE
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Life, Accident, Health,
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*All Prices re;ect your total cost of
purchase, which includes both
premium and required NEA dues.
Underwritten by: O;ered and Administered by:
The information is intended to present a general overview
for illustrative purposes only. See website for details and
disclaimers. CNA is a registered trademark of CNA Financial
Corporation. Copyright © 2011 CNA. All rights reserved.
Sponsored by:
