The importance of Long-Term Care expense planning:
70% of persons over age 65 will require long-term care.


As an independent agent, I'm able to maintain an acute awareness to industry trends that help identify changing client needs. My commitment to providing quality products and services transcends into my practice. And, I am dedicated to continuous professional development as an independent agent by engaging
a wide range of educational forums, communications and technology to assist me in helping meet clients' financial goals.


  • Long Term Care Insurance - Provides personal assistance to support individuals who are impaired in performing daily living activities. Benefits may include skilled, intermediate or custodial care in long-term care facilities as well as in-home care.

By self-insuring, you have control over your assets, no ongoing premium costs, leftover assets for your beneficiaries if you never need care.

  • The policy is an asset in your portfolio.
  • You can get more for your Long Term Care dollars.
  • You can receive benefits whether or not you need long-term care.
  • You have a money back guarantee.

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Frequently Asked Questions:
1) Why do I need Long Term Care Insurance?
Americans are living longer, so the need is increasing. 70% of persons over age 65 will require some form of long term assistance. The average cost of nursing home care is $70,000 annually.
2) How much coverage do I really need?
Examining your total financial picture will help determine a level of coverage. The goal of Long Term Care Insurance is asset preservation, whereby you can leverage existing dollars for care and preserve your income assets.
3) How does Long Term Care Insurance work?
Traditional Long Term Care Insurance requires monthly premiums for a set benefit time period and dollar amount. However, a better solution is a flexible premium policy that combines an insurance policy with care benefits and a death benefit. You'll never be throwing away monthly premium money and the policy is an asset with a money back guarantee.
4) How much does it cost?
A number of factors are calculated into the determination. But, in choosing an asset preservation plan approach, you'll never lose money on premiums. Your policy will provide care if necessary or provide a death benefit.
5) What happens if I never need it?
If you're fortunate to never need Long Term Care, your policy would simply function as a life insurance policy that requires no on-going premiums and would pay a death benefit to your named beneficiaries.




Mike Smith Financial
(615) 497-1646 
mike@mikesmithfinancial.com

Mike Smith is an independent agent offering Life Insurance, Fixed & Indexed Annuities and Long-Term Care Insurance.
Licensed in TN, AL, MI, MN, OH and GA. Mike Smith Financial does not offer legal or tax advice. 

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