The risk is real. - Million Dollar Advisor€¦ · 3. Simplicity does not provide tax or legal advice. You are encouraged to consult your tax advisor or attorney. 4. Not affiliated

The risk is real.Every 66 seconds, someone is diagnosed with Alzheimer’s.

QUESTION #1

If Nursing Home Care is needed for

YEARS ANNUAL COST LONG-TERM CARE COST

X =

If In-Home Care is needed for


X =

If Assisted Living Care is needed for


X =

If you got sick and needed Long-term Care,

where would you want to receive your care?

©Simplicity Group Holdings, Inc.952583-0919

2019 Cost of Care

NURSING HOME CARE IN-HOME CARE ASSISTED LIVING

LOCATION PRIVATE ROOM MEDIAN HOME HEALTH AIDE MEDIAN PRIVATE 1 BEDROOM MEDIAN

USA - NATIONAL $102,200 $52,624 $48,612

ALASKA $362,628 $68,594 $72,000

ALABAMA $81,395 $41,184 $39,000

ARKANSAS $73,000 $43,472 $38,100

ARIZONA $97,638 $57,200 $45,000

CALIFORNIA $127,750 $64,064 $54,000

COLORADO $113,150 $59,488 $49,140

CONNECTICUT $166,988 $54,912 $58,560

DISTRICT OF COLUMBIA $127,450 $62,920 $135,450

DELAWARE $136,328 $56,056 $72,414

FLORIDA $112,639 $50,336 $42,000

GEORGIA $85,775 $46,904 $40,020

HAWAII $160,418 $62,645 $52,500

IOWA $82,537 $57,200 $48,933

IDAHO $102,748 $51,480 $44,730

ILLINOIS $82,125 $54,912 $50,040

INDIANA $102,200 $52,624 $49,200

KANSAS $74,095 $50,336 $53,670

KENTUCKY $91,250 $45,760 $41,958

LOUISIANA $68,109 $38,896 $43,800

MASSACHUSETTS $158,545 $62,920 $67,680

MARYLAND $120,085 $54,912 $51,600

MAINE $125,925 $61,410 $62,031

MICHIGAN $111,508 $53,768 $48,000

MINNESOTA $132,448 $69,784 $45,600

MISSOURI $68,255 $50,336 $34,566

MISSISSIPPI $85,045 $42,328 $42,291

MONTANA $92,608 $54,912 $45,840

NORTH CAROLINA $91,980 $45,760 $48,000

NORTH DAKOTA $143,832 $63,972 $40,860

NEBRASKA $92,345 $59,488 $45,831

NEW HAMPSHIRE $125,925 $64,636 $84,255

NEW JERSERY $139,795 $57,200 $76,800

NEW MEXICO $96,725 $51,480 $49,200

NEVADA $111,325 $51,480 $40,800

NEW YORK $148,190 $59,488 $55,563

OHIO $93,805 $52,624 $52,062

OKLAHOMA $67,525 $50,908 $42,210

OREGON $124,100 $64,064 $53,985

PENNSYLVANIA $124,830 $53,768 $46,950

RHODE ISLAND $127,750 $61,776 $62,385

SOUTH CAROLINA $91,250 $48,002 $42,000

SOUTH DAKOTA $86,323 $64,064 $42,000

TENNESSEE $87,600 $46,698 $46,800

TEXAS $77,015 $48,048 $45,000

UTAH $91,250 $54,912 $40,800

VIRGINIA $98,550 $52,578 $57,600

VERMONT $118,808 $61,776 $54,000

WASHINGTON $119,173 $69,784 $66,000

WISCONSIN $112,785 $57,200 $52,200

WEST VIRGINIA $138,335 $41,184 $45,000

WYOMING $96,360 $64,613 $45,360

Based on your TOTAL long-term care expenses of $_______, which asset would you liquidate first?

If I could show you a better way to use that money, is that something we should take a look at?

QUESTION #2

QUESTION #3

$

$

$$

$

$

$

TOTAL

Stocks/Bonds

MutualFunds

AnnuitiesIRA

Cash Valueof Life

Insurance?

Checking/Banking


$

TAX-FREELONG-TERM CARE

THAT PAYS FOR:

1. Home Care2. Assisted Living3. Adult Day Care4. Nursing Home

Also, if you don’t use it, you don’t lose it.


It’s not your money that allowsyou to get this, it’s your health.

Name: Spouse, if married:

Date of Birth: Spouse’s DOB:

State:

1. Within the past two years have you been confined to a nursing home, assisted living center, received or been advised to receive hospice care, been advised that you have a terminal illness or need assistance with: bathing, eating, dressing, toileting, transferring into and out of bed, chair, or wheelchair and/or maintain continence?

2. Are you currently hospitalized, bedridden or use medical devices such as: wheelchair, walker, dialysis machine, oxygen equipment, respirator, stair lift, chair lift, motorized scooter or taking medications Aricept, Exelon, Reminyl or Namenda?

3. Have you ever been diagnosed by a member of the medical profession as having AIDS, HIV, or ARC disorders, or tested positive for antibodies for the AIDS virus?

4. If under the age of 65, is there any reason you are not physically and mentally capable of active employment or are you currently receiving or have received within the past five years social security disability income benefits?

5. Have you ever been diagnosed, treated, tested positive for, or been given professional medical advice for: Alzheimer’s disease, dementia, memory loss, multiple sclerosis, muscular dystrophy, ALS (Lou Gehrig’s disease) Parkinson’s disease, down syndrome, organ transplant (other than kidney) or active cancer?

Pre-Screening Health Statement - Part A

Yes No Yes No

Yes No Yes No

Yes No Yes No

Yes No

Yes No

Yes No

Yes No

Client Spouse (if applicable)


In the past 5 years, is there a history of:

In the past 5 years, is there a history of:

Diabetes Leukemia Heart Disease Heart Attack Stroke

Depression Congestive Heart Failure Cardiomyopathy Uncontrolled High Blood Pressure Amyotrophic Lateral Sclerosis (ALS) Cancer Organ Failure/Disease Chronic Obstructive Lung Disease (COLD) Chronic Obstructive Pulmonary Disease (COPD) Alcohol/Drug Abuse IF ABOVE CHECKED PLEASE PROVIDE DETAILS ON NOTES PAGE

Diabetes Leukemia Heart Disease Heart Attack Stroke

Depression Congestive Heart Failure Cardiomyopathy Uncontrolled High Blood Pressure Amyotrophic Lateral Sclerosis (ALS) Cancer Organ Failure/Disease Chronic Obstructive Lung Disease (COLD) Chronic Obstructive Pulmonary Disease (COPD) Alcohol/Drug Abuse IF ABOVE CHECKED PLEASE PROVIDE DETAILS ON NOTES PAGE

Pre-Screening Health Statement - Part B

Client:

Spouse:

Other:

Other:

Height:

Height:

Weight:

Weight:

Client Dose Frequency Reason

Client Dose Frequency Reason

Monthly Income:

Do you rely on IRA Income for living expenses? Yes No

Type Client Income Spouse Income

Social Security

Gross Wages

Pensions

Other

TOTAL

©Simplicity Group Holdings, Inc.

Let’s talk about next steps.

IMPORTANT: No money will exchange hands at this meeting.

• Our goal is to see if any of the options make sense for you.

• If so, we’ll discuss the process for submitting your health information to

the insurance company.

SELECT

WE LOOK AT:

Over 2,000 Insurance Companies

200 Have an A- Rating or Better

100 Have Been in Business for 100+ Years

30 Have a LTCRider Available

3 Finalists

1

TIMEDATE

1. Schedule a follow up meeting.

2. Complete a thorough analysis of all the available options based on the health information provided

3. Review our findings at our next meeting.


Consider transferring some of it today so that you will have peace of mind

and a larger amount of Long-term Care for _________________

$

$

Instead of liquidating all of your IRA to pay for Long-term Care in the future

Please see Insurance Company Illustration for details of Policy

Monthly LTC Benefit of $_____________

• Home Care

• Assisted Living

• Nursing Home

$________________________

$________________________

$________________________

Existing IRA

Amount Transferred

Balance of IRA

1. Schedule a follow up meeting.




Instead of liquidating all of your Annuity to pay for Long-term Care in the future



• Home Care

• Assisted Living

• Nursing Home

$________________________

$________________________

$________________________

Existing Annuity

Amount Transferred

Balance of Annuity

$

$©Simplicity Group Holdings, Inc.952583-0919



Instead of liquidating all of your Stocks to pay for Long-term Care in the future



• Home Care

• Assisted Living

• Nursing Home

$________________________

$________________________

$________________________

Existing Stocks

Amount Transferred

Balance of Stocks

$




Instead of liquidating all of your ______________ to pay for Long-term Care in the future



• Home Care

• Assisted Living

• Nursing Home

$________________________

$________________________

$________________________

Existing _______________

Amount Transferred

Balance of _____________

$


1. Get a copy of driver‘s license.

2. Complete the health questions.

3. Once approved, it’s time to transfer

the money from your bank to

your insurance company.

STEPS TO IMPLEMENT


Best time to call

Best time:

Best time:

Phone #:

Phone #:

Client name:

Spouse name:

Best time to call?


NOTES



1 2018 Genworth Cost of Care Survey2 Georgetown University Long-Term Care Financing Project, “National Spending for Long-Term Care” 20073 Deficit Reduction Act of 2005; Public Law 109-171; Walters Kluwer ©2006, CCH, Inc.

I hereby acknowledge that made an opportunity available to me to purchase a long-term care insurance policy and I have declined to purchase such coverage. Furthermore, I have been made aware that:

► In 2018, the national private-pay cost for a private room (single occupant) in a nursing home is averaging $275 per day (or $100,375 per year). For a semi private room, typically a room shared with another resident, the cost is averaging $245 per day (or $89,297 per year).1

► Medicare does not pay for long-term care, Medicare only covers skilled care for a limited time, and only after hospital confinement. Medicare does not cover either custodial or intermediate care. Medicare pays 20% of the nation’s total nursing home bill.2

► Medicaid is intended as a safety net for the poor. In order to qualify for Medicaid, a person must “spend down” their assets according to the guidelines set forth in the Deficit Reduction Act of 2005.3

► Long-term care insurance is normally medically underwritten. Changes in my/our health may make coverage more expensive or unavailable at a later time.

► Premiums for long-term care insurance also depend on age. Premiums will be higher as I/we get older.

Our agent has explained stand-alone long-term care insurance policies, Life insurance/Long-term care and Annuity/Long-term care alternatives. We have decided to:

Signed: Date:

Signed: Date:

Agent: Date:

LONG-TERM CARE INSURANCE DISCLOSURE

Proceed Not Proceed

for the following reasons:

952583-0919


1. Guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

2. Premium rates vary by a number of factors, including carrier, product, client health, age, and a number of factors.

3. Simplicity does not provide tax or legal advice. You are encouraged to consult your tax advisor or attorney.

4. Not affiliated with the US government or a governmental agency. 5. Any transaction that involves a recommendation to liquidate a securities product, including those within an IRA, 401(k) or other retirement plan, for the purchase of an annuity or for other similar purposes, can be conducted only by individuals currently affiliated with a properly registered broker/dealer or registered investment adviser. If your financial professional does not hold the appropriate registration, please consult with your own broker/dealer representative or investment adviser representative for guidance on your securities holdings.

5. Producers should follow the approval and advertising requirements of the carriers they represent and their broker/dealer and registered investment adviser, if applicable.

COMPANY DISCLOSURES

AN 952583-0919

ASSET-BASED LTC

952583-0919

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The risk is real. - Million Dollar Advisor€¦ · 3. Simplicity does not provide tax or legal advice. You are encouraged to consult your tax advisor or attorney. 4. Not affiliated