| Part of our Turnkey Insurance Operation, Long Term Care Insurance
is desirable, particularly to Baby Boomers and to older persons who have come to recognize
the high costs of nursing home care. These are the customers that ultimately use their
bank deposits to pay for these expenses. As a result, long term care protection is an
advantage to the bank’s customers while, at the same time, protecting the bank’s
assets from unnecessary erosion.
It is worth
noting that Long Term Care Insurance sales have increased by more than 35 percent in the
last year alone. With the passage of recent federal legislation, which allows for the
deductibility of a portion of the premiums paid for Long Term Care Insurance, this surge
in sales is expected to increase as Baby Boomers seek to protect their assets and gain
access to quality care in the setting of their choice.
For your
customers, our Turnkey product offers your bank an opportunity to maintain a competitive
advantage in your market. There is a choice of specific products with key features,
discounted premiums, personalized service and quotations, and complete applications
processing for your customers. Most importantly, this program provides for annual reviews
(post-sale follow-up and service), to ensure that the customers’ needs are met each
and every year and to ensure that the product that they purchased continues to meet the
parameters of state and federal laws as pertains to long term care products. This will
provide continued protection to your customers, and reflect well on your bank and the
services and products that it offers.
For your
directors, officers and employees, this product, of course, can also be used as part of
your employee benefits program and offered to your employees and their families, at no
cost to the bank. The same long term care concerns that your customers have, are also
shared by your employees and their families. You can provide the same opportunity for
peace of mind to your employees that you can provide to your customers by including this
excellent program as part of your employee benefits plans. |
| Advantages
to your directors and officers in the following: |
Advantages
to you as the employer include the following: |
A
meaningful benefit to protect assets, to increase access to quality care, and to help
preserve independent living in the setting of choice.
Comprehensive
coverage from leading carriers.
Corporate
premium payments may be excluded from income.
Benefits
are not taxed when received.
Portability
(the policy is owned by the individual)
Professional
and personalized planning for thus type of risk from certified specialists in Long-Term
Care.
Ability to
purchase additional protection (Individual Buy-Up Options) at discounted rates
Eligibility
for spousal discounts.
|
Plan costs
may be entirely tax-deductible.
Complete
discretion in selecting "classes" of covered employees.
Freedom to
pay different benefit levels to different employees.
Plan design
and implementation is simple.
Low cost
tool to help attract, reward and retain key employees with paid-up retirement benefit.
Accelerated
payment options (1-year, 5-year and 10-year).
Sophisticated
and proven communications program.
|
We welcome the opportunity to serve you, and provide you with real value
through our singular expertise and commitment to excellence in long term care. |
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