Corporate Pre-Approach Letter
Client
Street
Address
City,
State, Zip Code
Dear
Client;
When
was the last time you were able to do something for yourself? Most of the benefits you receive through
your company must also be provided to your employees. When, if ever, have you been able to do something just for you or
your selected Key-Employees?
Recent
Federal legislation has made available to “C” corporations a tremendous,
tax-deductible benefit through Long Term Care insurance, which may be offered
to select employees.
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 within the next 25 years, one year’s stay in a nursing home could cost
more than $100,000.3
SLTC00-29
Ø
Medicare
will not take care of your needs.
Medicare only pays for only approved charges, only after 3 days of
hospitalization, only for skilled and rehabilitative care and only for 100 days
maximum per diagnosis.
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.
Optional
benefits are available that guarantee lifetime benefits and a return of
premiums at death (for policies that remain in force) regardless of claim
benefits paid, which means no reduction of the estate. Premiums can be paid up before retirement
and “paid-up” status is then guaranteed for life. The benefits to you could be a current income tax deduction,
completely discriminatory, and no current employee taxes on premiums or
benefits.
Again
this is a way pre-planning your retirement and taking full deduction of all
funding today.
Call
today to find out how the “Last Great Tax Deduction” can benefit you and your
company. The cost of waiting can be
significant.
Sincerely,
1 Long Term Care: Knowing the Risk, Paying the Price, Health Insurance of America, 1997
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 insurance agent will contact you.
For costs and further details of coverage, including exclusions and
reductions or limitations and the terms under the policy may be continued in
force, contact the Company or your agent.
The information provided here is not intended as legal or tax advice. You
should consult your attorney, accountant or tax advisor regarding the
implications or purchasing Long-Term Care insurance.