Life Time Care

Life Care Funding is a well established, yet little know method of providing care for a loved one that needs it very soon.  It converts an existing life insurance policy on the life of the family member that needs care into a pool of available funds to pay care providers directly.  Often this pool of funds is much larger than the cash surrender or loan value of a permanant insurance plan such as whole life or universal life.  It also includes the conversion of term life insurance as well.  Term insurance, as we all know, has no cash value and increases in cost with age.  The Life Care Fund is also excluded from Medicaid spend down assets, making qualification for this government program easier.

True Freedom Home Care is a guaranteed issue, non medical home care funding membership.   The home care service is provided by local Network Providers which are local, licenced home care providers, as well as friends and neighbors.  This aspect is especially valuable, since often friends from church, or neighbors are already providing some level of non medical home care. These providers actually become contracted with True Freedom and are paid via a 1099.  The benefits to the member receiving the care, is a greatly lowered cost of care that paying the Network Providers out of pocket.  
There are four levels of home care service, determined by the number of hours and days of service needed. tere is no medical qualification to purchase this and is guaranteed issued services.  For those wishing to stay at home as long as possible, this can provide the assurance of having someone to assist in this area of neede care.

The commonly called Federal "Aid and Attendance" benefit is available to certain US military veterans and their surviving spouses.  It is intended to pay for long term care, such as that received in an assisted living facility, and in some cases at home.  The amount of the benefit can be as much as $23,000 per year for life.  There are military service requirements as well as financial requirements and of course the documented need for care..

The help of a qualified professional is most important to first evaluate the potential eligibility and assist with a plan to fully develop your claim. Failure to plan first through professional assistance could result in long delays and possible unnecessary decline of the claim.

Our process is this: 
Step # 1 An initial survey that takes 10 minutes to complete. There is not charge for this. This form can be found here **!** We review the form to determine potential eligibility. 

Step #2  If potentially viable, we arrange a complete fact finder of the entire financial/family/care needs interview through what we call an Assessment. This is a confidential needs evaluation for a cost of $&0.There are no account numbers or private information at this step only the necessary information to determine the potential viability of the situation. This provides a complete evaluation and report that outlines the need and the recommended solutions to fully develop the claim. This form is here**2**

Step #3 Consultation and Implementation of Step #2, once completed, the client is ready to file with the VA. This includes as much one on one time as necessary to fully develop the claim before actually filing anything with the VA. A copy of the contract is here **3**
  Our evaluation process usually takes one to two weeks. The implementation process can take take from 3 weeks to three months.The actual claim process usually takes from three to six months before the first check is received.  Fortunately, the first check is retroactive to the initial starting date filed, however, there is still the waiting period and if imminent care is needed, the issue becomes urgent to coordinate this with other strategies to provide care.

Advance pre-planning is always best. But we are here to help where ever you are in the process.

Lifetime Income is a challenge today and in the future. One of the greatest challenges is the potential of the high cost of professional care in our later years. While the best retirement income investment programs account for many possible investment markets: pull backs and recessions, they often fail to account for this high cost of care., and this can be devastating to most families.  Asset protection strategies designed to 1)cover the cost of extended life time care for both spouses, and 2)maintain estate equity in the event of little or no use.

Assets that protect you against the depletion of the estate due to long term care expenses, but do not deplete your retirement income or the estate itself! Call us to see how this planning that is specific to your unique situation might be of value to you and your family.