Long-Term Care Protection Strategies - Everyone knows someone who has been affected by Long-Term Care needs. It could be parent, grandparent or other friend / family. Long-Term care comes in many forms such as in-home care, assisted living, skilled nursing & nursing home. Long-Term Care insurance ensures that your loved ones will have the care they prefer & can help protect against Medicaid spend-down.

1. Insurance Matters
Long-Term Care Protection Strategies
Please Call/Email with any questions.

2. Financial Matters Series
Please visit us at:
www.ProvidenceWealthPartners.com
Securities and Investment Advisory services offered through Transamerica Financial Advisors, Inc. (TFA), a registered investment
advisor. Member FINRA & SIPC. Non-Security products and services are not offered through TFA. Providence Wealth Partners LLC and
TFA are not affiliated. We are licensed to sell securities in the following states: CA, CO, IL, IN, MN, OR and TN. This should not be
considered a solicitation in any other state. Due to various state regulations and registration requirements concerning the dissemination of
information regarding investment products and services, we are currently required to limit access of the following pages to individuals
residing in states where we are currently registered. A broker/dealer, investment advisor, BD agent or IA rep may only transact business
in a particular state after licensure or satisfying qualifications requirements of that state, or only if they are excluded or exempted from the
states broker/dealer, investment advisor, or BD agent or IA rep requirements, as the case may be; and follow-up, individualized
responses to consumers in a particular state by broker/dealer, investment advisor, BD agent or IA rep that involve either the effecting or
attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be,
shall not be made without first complying with the states broker/dealer, investment advisor, BD agent or IA rep requirements, or pursuant
to an applicable state exemption or exclusion.

3. Aging Population
Every day for the next
15 years, approximately
10,000 baby-
boomers will turn 65.
That’s one person every
8 seconds.
Sources: U.S. Census Bureau, 2012;
U.S. Administration on aging, 2012

4. Odds of Needing Care
At least 70% of people over age 65 are
expected to need long-term care services at
some point during their lives
Source: U.S. Department of Health and Human Services, 2012

5. Understanding Long-Term Care
•
What is it?
•
How much does it cost?
•
What are my options?

6. What is Long-Term Care?

7. How Much Does Long-Term
Care Cost?
National Average:
Assisted Living: $39,516
Nursing Home: $83,580
HIGH
California: NY
Assisted Living: $43,212
Nursing Home: $104,755
IL
New York: CA
Assisted Living: $44,412
Nursing Home: $127,750
LOW
Texas: TX
Assisted Living: $37,092
Nursing Home: $66,795
Illinois:
Assisted Living: $41,412
Nursing Home: $78,840
Source: U.S. Department of Health and Human Services, 2012

8. What Are Your Options?

9. What Are Your Options?
•
Comp
le t e f
lexibili
•
Be pr ty
e pare
po t e n d for
t ia l e x
pe nse
•
Many
c hoose
op t ion t his
by de
fault

10. Best-Laid Plans
$1,000,000
Initial Balance: $1,000,000
900,000
Annual Return: 5%
800,000
700,000
Annual Withdrawals: $50,000
600,000 Annual Withdrawals: $50,000
Inflation Adjustment: 3%/yr
Additional LTC cost $67,000
500,000 (first 5 years):
Inflation Adjustment: 3%/yr
400,000 Neither Spouse
needs long-term care
300,000
One Spouse
200,000 spends 5 years in
a nursing home
100,000 (ages 65-69)
0
65 70 75 80 85 90 95
This is a hypothetical example used for illustrative purposes only. It is not representative of any investment or combination
of investments.

11. What About Medicare?
•
Covers skilled nursing care;
does not cover custodial care
•
Requires a 3-day hospital stay
•
Covers days 1-10 completely
•
Copayment due for days 11-100
•
Limited choice
Source: Centers For Medicare and Medicaid Services, 2012.

12. What Are Your Options?
c ov e r:
Can are
kil led c are
S ial c
Cu stod ance
sist
e as
In-hom

13. Pros and Cons of a Long-Term Care Policy
Pros Cons
• Protect Assets • Cost of Premiums
- Retirement funds - Must be comfortable
with the cost
- Potential tax benefits
• Preser ve Dignity • Complexity
- Wide range of benefits
- S tandard of living and premiums
- Indepen dence
- Choice
- Not burden family

14. Choosing a Long-Term Care Policy
s
e limitation
Unde rstand th y
of the polic
and features
re
Type of ca
Benefit
od
Wa iting peri
le
Renewab n
protectio
Inflation m
Waiver of premiu

15. Financial Matters Series
Brandon Singer
BSinger@ProvidenceWP.com
P1: (812)569-8161
P2: (317)660-1618
www.ProvidenceWealthPartners.com
Securities and Investment Advisory services offered through Transamerica Financial Advisors, Inc. (TFA), a registered investment
advisor. Member FINRA & SIPC. Non-Security products and services are not offered through TFA. Providence Wealth Partners LLC
and TFA are not affiliated. We are licensed to sell securities in the following states: CA, CO, IL, IN, MN, OR and TN. This should not
be considered a solicitation in any other state. Due to various state regulations and registration requirements concerning the
dissemination of information regarding investment products and services, we are currently required to limit access of the following
pages to individuals residing in states where we are currently registered. A broker/dealer, investment advisor, BD agent or IA rep may
only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if they are
excluded or exempted from the states broker/dealer, investment advisor, or BD agent or IA rep requirements, as the case may be; and
follow-up, individualized responses to consumers in a particular state by broker/dealer, investment advisor, BD agent or IA rep that
involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for
compensation, as the case may be, shall not be made without first complying with the states broker/dealer, investment advisor, BD
agent or IA rep requirements, or pursuant to an applicable state exemption or exclusion.