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September CSA Monthly Webinar - Long Term Care Benefit Plans: Converting Life Insurance Policies
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Participants in this session will learn the mechanics 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 immediate need for care.

9/15/2016
When: 9/15/2016
2 PM Eastern, 1 PM Central, 12 PM Mountain, 11 AM Pacific
Where: United States
Presenter: Chris Orestis
Contact: Travis M. Reynolds
303-951-6594


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Webinar Overview:

Presenter:

We here at the Society of Certified Senior Advisors® are very excited to have Chris Orestis joining us. 

Chris is the CEO of Life Care Funding and a 20-year veteran of both the insurance and long-term care industries.  A former Washington DC lobbyist, he is a nationally known senior care advocate and author of the Amazon best-selling books “Help on the Way” and “A Survival Guide to Aging”, a legislative expert, featured speaker, columnist and contributor to a number of insurance and long term care industry publications.  Chris is a frequent guest about senior issues on national radio programs; and has also been featured in the Wall Street Journal, New York Times, USA Today, Fox Business News, and PBS.  

His blog on senior living issues can be found at www.lifecarefunding.com. He can be reached at 888-670-7773 x 6623 or corestis@lifecarefunding.com.

​Inspiration:

People want to remain financially independent and in control of their care decisions for as long as possible.  “Private Pay” has become the holy grail of long term care, and a powerful combination of industry leadership and political action is opening up access for the consumer to funding options such as converting life insurance policies into Long Term Care Benefit Plans.

A Long Term Care Benefit Plan is the conversion of an in-force life insurance policy into a pre-funded, irrevocable Benefit Account that is professionally administered with tax-free payments made monthly on behalf of the individual receiving care.  This option extends the time a person would remain private pay and delays their entry onto Medicaid.  It is a unique financial option for seniors because all health conditions are accepted, and there are no wait periods, no care limitations, no costs to apply, no requirement to be terminally ill, and there are no premium payments. Policy owners have the legal right to convert an in-force life insurance policy to enroll in the benefit plan, and are able to immediately direct tax-free payments to cover their senior housing and long term care costs. 
 

Intention:

A)    Participants in this session will learn the mechanics and regulatory structure of the Long Term Care Benefit Plan, 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 immediate need for care.

B)    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.

C)    Participants in this session will learn how the Long Term Care Benefit Plan is a funding tool to address immediate need for care and how it is a companion to long term care insurance policies or annuities.  

 

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