Developing a plan to protect your family, assets, and lifestyle from the high costs associated with long-term care.

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What is long-term care?

• What’s the 1st thing you think of when you hear the words Long-Term Care?

• It’s not a place! It’s care.

• 80% of the care is community-based (Home & Assisted-Living)

• Custodial Care (95%) vs. Skilled/Intermediate Care (5%)

• LTC Care Definition – Help with those things you take for granted each and every day!

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Consequences of Long-Term Care – Why Plan?

• Risk – Living a Long Life (up to 70% of us will need some care)

• Cost - $60,000 - $80,000 Per Year Average in New Jersey

• Funding Sources – Retirement Portfolio – No “Funding Tree” (92.4% are paying out-of-pocket or have spent down to Medicaid)

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What are my options to Plan?

• Self Insure – Write it Down

• Reallocate & Leverage Existing Self Insurance Funds – Linked Benefits

• Traditional Long-Term Care Insurance & Life Insurance

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Implementing A Plan (Decision Factors)

• Combination Approach – The New Way of Thinking

• Risk Management – Asset or Income Protection or Both

• Affordability & Peace of Mind– Reasonable Expense

• Existing Lump Sum Assets – Cash, CD, Life Insurance