Introduction to Life Care Funding: Converting a Life Insurance Policy into a Long Term Care Benefit Plan
We invite you to click on this link to join us for a webinar on
Dec 6th, 2016 at 3:00 PM EST
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A life insurance policy can help you pay for Long Term Care. How?
Instead of allowing a policy to lapse or be surrendered, the owner can convert their policy into a Tax-Free Long Term Care Benefit Plan which pays for Senior Care and housing.
Until 2014, this funding option was only available through home care, assisted living and nursing home companies that use the Benefit Plan as a private pay funding option for the families they work with. The Long Term Care Benefit Plan is now open for the first time to agents, advisors, and legal professionals.
Three questions to ask yourself before joining this session:
1.) Do you have clients with a life insurance policy that may lapse or be surrendered?
2.) Do you have clients in need of long term care for themselves or a loved one?
3.) Did you know a life insurance policy can be used to pay for long term care?
Learning Objectives:
- Participants in this session will learn the mechanics and regulatory structure of the Long Term Care Benefit Plan, review real case studies, learn about mandatory disclosure laws being introduced across the country, and will learn how to add this option to your practice as an alternative funding option to cover an immediate need for care.
- Participants in this session will learn how a Long Term Care Benefit Plan is considered a tax-free source of funds for long term care services, how it is a Medicaid qualified spend-down, and will learn how it is a VA Aid and Attendance qualified benefit companion.
- Participants in this session will learn how the Long Term Care Benefit Plan adds more value to a life insurance contract and how it is a companion to long term care insurance policies.
