Individual Pre-Approach Letter

 

 

Date

 

 

Client

Street Address

City, State, Zip Code

 

Dear Client;

 

Are your hard-earned retirement income dollars protected?  If you were to incur a catastrophic loss and be in need of long-term assistance, do you have the coverage to pay for that assistance?  If not, your retirement dollars could be reduced rapidly if you or a family member were in need of long-term care.

 

I would like to offer you State Life’s Long-Term Care insurance policy to help protect your retirement income.  You may be thinking you do not need this type of coverage.  Let me give you a few reasons why this protection is so important.

 

Ø      Although Long-Term Care does provide Nursing Facility coverage, Long- Term Care doesn’t just mean Nursing Home coverage.  Long-Term Care is any assistance provided to someone who has a condition or illness that limits the ability to perform normal daily activities.  This assistance can be as simple as help with eating or dressing.  It also means rehabilitative and therapeutic care as well.

 

Ø      The risk of a 65 year old entering a nursing home at some point in his or her life is 49 percent.1

 

Ø      Friends and family may not be in a financial position to help pay for the care you require when you need it.  Currently, one year’s stay in a nursing home is estimated to cost $41,000 as a national average.2   If we consider even a conservative inflation rate of 5 percent per year, within the next 25 years, one year’s stay in a nursing home could cost more than $100,000.3

 

Ø      Medicare will not take care of your Long-Term Care needs.  Medicare pays only for approved charges, only for skilled and rehabilitative care, only after three (3) days of hospitalization, and only for a maximum of 100 days per diagnosis.

 

 

 

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Ø      Medicaid will pay for required care only after a person’s existing assets have been “spent down” to meet state and federal guidelines.

 

State Life’s Lifestyle 2000TM Long-Term Care plan can help you maintain your independence, control the quality of care you receive and preserve your assets, which will in turn give you peace of mind for your future.

 

The time to protect your retirement income and independence is now!  The cost of waiting can be significant.  Please contact me today to learn more about this necessary protection.

 

Sincerely,

 

Agent’s name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1 Health Insurance of America, 1997, Long Term Care, Knowing the Risk, Paying the Price

 

2  American Health Care Association, 1998

 

3   American Health Care Association, 1998

 

 

 

Coverage provided by Policy Series S-6000-P, underwritten by The State Life Insurance Company, Indianapolis, IN.  Benefits vary by state. “A licensed agent will contact you.”

 

For costs and further details of coverage, including exclusions and reductions or limitations and the terms under which the policy may be continued in force, contact the Company of your agent.

 

 

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