Asset-Based Long-Term Care in Ringoes, New Jersey
Serving the entire Tri-state area
Most of us know someone who has needed to be cared for as the result of a long-term illness or condition…..perhaps even someone we love in our own family.
If so…you know the toll it can take on a family….emotionally and financially.
Very often the financial issues affect the emotional issues……
Some realities of long-term care….
-73% of us will need some type of long-term care during our lifetime…either at home or in a nursing home.
-The cost of a private room in the Tri-State area is as high as $13,000 a month!
-The average stay in a nursing home for a person suffering from Alzheimer’s is 8 years…that is $1,248,000 without factoring cost increases or inflation.
-Most people are totally unprepared for this…….
-It can destroy even the best thought-out plans for our later years……
Chances are you investment advisor never raised this discussion with you….most are not trained in this area……they focus on accumulating assets for you.
-Can your savings/investments absorb a loss of $156,000 a year? At a time that you cannot predict?
-Do you want to be forced to liquidate assets in a potentially down market? Or sell off property at a time that may not be advantageous?
-If you are drawing 3% a year (most advisors are recommending 2.5%) from your savings/investments…..and now you have to take another $13,000 out each month…..you are guaranteed to run out of money…..fact.
-At INCOME RESOURCE GROUP we do not view the issues as an “insurance” issue……we view it as an “income issue”….
-How can we create income for you……without draining your savings……to provide quality care for yourself and/or that loved-one.
Lets take a look at some solutions to the problem…….and some problems with some solutions……
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Conventional Long-Term Care Insurance |
“Asset Care”…….What We Offer.. |
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Few companies remaining in this business do to government mandated reserve requirements. |
Safe and predictable plan to preserve your assets. |
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Many clients have experienced massive premium increases in recent years..some as high as 77%.
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Costs are guaranteed and can never increase. |
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If two people wish to be covered…they must buy 2 policies. |
One policy can cover 2 people…and they do not have to be a married couple. |
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Cannot accept IRA/401(k) money for premium. |
You can pay in a lump-sum…or annually. |
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No refund of premiums for benefits not used. |
You can use IRA or 401(k) money to pay for your plan. |
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No benefits for home care. |
Premium refunds for unused benefits. |
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No death benefit to heirs when you die. |
Pays for care at home or in a nursing home. |
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Lifetime benefits not available. |
Pays for adult day care. |
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Pays for hospice care. |
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Pays for caregiver training so you or your loved one remain at home. |
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Tax-free death benefit to your heirs if you die while covered. |
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Lifetime benefits available. |
The time to have a conversation with us is NOW……the risk is there….it’s just a matter of who pays for it.
Contact us today for more information about group health insurance.