WHAT ARE LINKED BENEFIT PRODUCTS?

A BASE PRODUCT SUCH AS LIFE INSURANCE OR AN ANNUITY WITH A “RIDER” THAT PROVIDES LONG TERM CARE BENEFITS IF NEEDED.
  • Provides multiple benefits, paying out the first benefit as needed
  • Qualified long term care costs are reimbursed
  • Reimbursements intended to be income tax-free

If you could take $1.00 and make it worth more for your client wouldn’t you?

Linked Benefit Products

  • Make your client’s money work harder; leveraging each dollar up to 3 to 5 times in the event of an extended care need
  • Provide a Death Benefit to beneficiaries if your client doesn’t use all the money
  • Keep clients in control of their assets; A money back guarantee*
  • Offers a smart way to help protect existing assets from an extended care event

*Through the Return of Premium Rider on single premium and certain flexible premium universal life policies.

The Facts About Extended Care

  • 70% of Americans age 65 or older will need it temporarily
  • The cost of care is high and increasing
  • The average duration of a claim is 4.2 years
  • 75% of claims start at home

*National median annual costs:
Assisted Living Facility (ALF) = $42,000
Semi-private room in a nursing home = $77,380
Home health aid (8 hrs/day, 5 days per week) = $41,600
Adult daycare (5 days per week) = $16,900

IF YOUR CLIENT NEEDED EXTENDED CARE TODAY, WHICH ASSET WOULD THEY USE FIRST?

YOUR FINANCIAL STRATEGY IS NOT COMPLETE WITHOUT EXTENDED CARE PLANNING.

Contact BSMG Today!

BSMG offers a wide variety of linked benefit products from leading carriers designed to help address your clients individual extended care needs. Speak with one of our expert linked benefit advisers today!