Long Term Care Insurance

July 17, 2013 / Chris Orestis

If the Long Term Care Insurance Market Collapsed, How are Seniors going to Pay for Care? In 2000, there were over 100 Long Term Care Insurance Companies and today there are maybe a dozen What happened? In less than 15 years the long term care insurance market has almost disappeared. Major insurance companies such as MetLife, Prudential, UNUM, and the Guardian have quite the market and no longer sell policies. The only companies left have been forced to raise premiums on families that bought policies…

Long Term Care Commission takes on the Long Term Care Funding Crisis

July 3, 2013 / Chris Orestis

Life Care funding is aware of the troubles the US government’s Long Term Care Commission and Medicaid will be soon facing with long term care, and we have a solution. The Long Term Care Commission appointed by Congress to study and make recommendations about the rapidly escalating crisis facing Americans and their ability to pay for long term care, met for the first time in Washington, DC on Thursday, June 27th and the Long Term Care Commission’s prognosis was dire. It has long been known that…

Life Care Funding CEO to Testify Before Maine Senate on Long Term Care

April 23, 2013 / Chris Orestis

Chris Orestis, CEO, Life Care Funding, will testify before the Maine Senate Committee on Insurance and Financial Services. LD 1092 is the first bill in Maine to inform life insurance policy owners that they can convert a policy into a Long Term Care Benefit Plan as part of a Medicaid qualified spend-down.

Recent Testimony before the Texas House Committee on Long Term Care

March 23, 2013 / Chris Orestis

Texas State Legislature, Texas House Committee on Human Services Testimony

HB 2383 and SB 1321 Testimony before the Texas House Committee on Long Term Care Tuesday, March 26, 2013 Presented by Chris Orestis, CEO of Life Care Funding My name is Chris Orestis and I am the CEO of Life Care Funding. Our company was founded five years ago with the mission to help seniors and their families extend their ability to pay for their choice of long term care by converting a life insurance policy into a Long Term Care Benefit Plan. Too…

Converting a Life Insurance Allows Policy Owner to Stay at Home

March 5, 2013 / Chris Orestis

Daughter is able to keep her father home, despite a tough economy, by converting his term life policy. A daughter was caring for her father but the turn in the economy had hurt his investments and her own family’s finances. As his condition worsened they were unable to keep up with the costs. He owned a $250,000 term life policy that they decided was going to be too expensive to keep any longer. Just as they decided to stop making premium payments they found Life…

Using a Long Term Care Benefit Plan for Urgent Assisted Living Needs

March 5, 2013 / Chris Orestis

A Long Term Care Insurance Agent recommends a Long Term Care Benefit Plan Conversion instead of a Long Term Care Insurance Policy. A long term care insurance agent was working with a client that needed to address an immediate need to move into an assisted living community. They were turned down by every long term care insurance company where they applied for coverage, but his client owned a $100,000 universal life policy. After considering their options they decided the best course of action to afford…

Married Couple Trade-In Life Insurance to Pay for their Care Needs

March 5, 2013 / Chris Orestis

A married couple trade-in life insurance policies to pay for their care needs. A husband and wife both needed to move into an assisted living community. She had recently suffered a stroke and could no longer care for both herself and her husband. Their son was given information about Life Care Funding by the community they were looking at as resource to help them with the monthly payments. They owned two life insurance policies that they had planned to abandon but instead now wanted to…

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Long Term Care Insurance

What is a Long Term Care Benefit Plan?

February 6, 2013 / Chris Orestis

* Convert a life insurance policy into a monthly benefit for Senior Care in as little time as 30 days * All forms of Senior Care qualify: Home Care, Assisted Living, Memory Care, Nursing Home, and Hospice * Term Life, Universal Life, Whole Life and Group Life policies all qualify * Benefit is flexible and can be adjusted as care needs change * Final expense benefit * No fees and no premium payments A Long Term Care Benefit Plan is a unique, tax advantaged financial…

Converting Life Insurance into Long Term Care Plan Protects Consumers

October 17, 2012 / Chris Orestis

Consumer Rights Middle class policy owners and their families are caught in the ironically unfortunate position of not being poor enough to automatically qualify for Medicaid, but they are not wealthy enough to access the care they need with enough out-of-pocket funds. In America, the vast middle class market is financially punished for being caught “in the middle” when they reach the point that a loved one requires long term care. When a family has a life insurance asset to work with, the ultimate decision…

Dwindling Savings Puts Spotlight on Supplemental Income Options

September 27, 2012 / Chris Orestis

Written by Alyssa Gerace of Senior Housing News for ALFA Update In the aftermath of the Great Recession, the need for—and awareness of—supplemental options for paying for senior living has grown substantially, spurring the growth of relationships between senior living providers and senior funding sources. The economic downturn, burgeoning senior population, and ongoing budget crisis have combined to create an environment in which a growing number of seniors struggle to leverage their home equity with a lessening ability to rely on government programs to fund…

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Posts tagged "Long Term Care Insurance"

Long Term Care Insurance

Long Term Care Commission takes on the Long Term Care Funding Crisis

Life Care Funding CEO to Testify Before Maine Senate on Long Term Care

Recent Testimony before the Texas House Committee on Long Term Care

Converting a Life Insurance Allows Policy Owner to Stay at Home

Using a Long Term Care Benefit Plan for Urgent Assisted Living Needs

Married Couple Trade-In Life Insurance to Pay for their Care Needs

What is a Long Term Care Benefit Plan?

Converting Life Insurance into Long Term Care Plan Protects Consumers

Dwindling Savings Puts Spotlight on Supplemental Income Options

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