Protect what matters to you.

Transcription

1 The purpose of this communication is the solicitation of insurance. Contact may be made by an insurance agent. Protect what matters to you. Long-Term Care Insurance from New York Life Insurance Company CV (NH)

2 Plan to live. Make a plan. It seems simple enough. Still, many of us fail to consider all of the factors that may affect our overall quality of life and long-term security. An unforeseen need for long-term care may affect your family, your finances, and your future. A financial plan that includes long-term care insurance may help you realize your goals, while helping minimize the impact a care situation may have on you and your loved ones. Life is short. Live large, but plan for the long term with long-term care insurance from New York Life.

3 How do you protect what matters most to you? Long-term care insurance may act as a shield of protection around the people and things that matter most to you. It may also help protect your plans for the future. Protection far beyond money Transferring part of the risk of long-term care costs to an insurance company may help you keep your financial and retirement plans intact, while freeing up your money for other purposes. It may reduce the need for a long-term care rainy day fund, and may help protect your loved ones from bearing the financial and emotional responsibility of funding and providing your care. Peace of mind Perhaps the most valuable benefit of owning a longterm care insurance policy is knowing it may help protect your family and your finances. You and your loved ones may rest easy, knowing you have access to quality care and professional help to coordinate that care. The power of choice Maintaining control of your life and money is an important reason to purchase long-term care insurance. The New York Life Insurance Company (New York Life) policy offers coverage for care in a variety of settings, including in the comfort of your own home. Long-term care insurance may help you maintain more control of how and where care is provided.

4 [PHOTO IMAGE FOR POSITION ONLY] Care that helps you maintain your lifestyle. Long-term care differs from traditional medical care. It doesn t generally involve treatment of an illness or injury, but rather services designed to help you maintain your quality of life. The benefits of long-term care insurance go beyond what health insurance covers by reimbursing you for services to help you perform everyday activities if age, illness, injury, or a cognitive impairment make it more challenging for you to take care of yourself. With some of your most important care needs being addressed, you and your loved ones may focus on your quality time together. Long-term care insurance may be of particular importance to: Families who want to help protect their personal relationships, lifestyle, and assets. Retirees and pre-retirees wanting to preserve their nest egg and financial independence. Widow(er)s, divorcees, and singles who may not have a partner to care for them or significant assets. Women who may have fewer financial resources and may live longer on average than men. LGBT individuals who may have more limited support systems and more limited access to spousal benefits. Business owners who may offer an individual LTCi benefit to employees and may qualify for tax deductions.

5 When you consider the potential cost, is self-insuring worth the risk? A need for long-term care may disrupt the best laid financial plans by causing you to have to use money set aside for other purposes to pay for care. A common surprise long-term care services are not generally covered by private health insurance and government-run programs have rules and limitations. 1. Medicare Medicare may cover a maximum of 100 days of services, per benefit period, after a hospital stay. 1 Coverage is designed to assist people during a short-term recovery and does not include personal care or supervision services covered by long-term care insurance. 2. Medicaid Medicaid offers coverage of long-term care services to individuals who qualify by demonstrating a financial need. That may mean paying for long-term care services out-of-pocket before Medicaid will begin paying benefits. Receiving long-term care services through Medicaid may result in the state making key decisions on your behalf, including determining where you receive care. 3. Self-insuring If you are not on Medicaid and don t have long-term care insurance, you may have to pay your long-term care costs out-of-pocket. Longterm care can be quite expensive and may deplete assets. If you are considering self-insuring, you may want to ask yourself, Is this how I want to spend my money? 4. Long-term care insurance New York Life s long-term care insurance product reimburses you for qualifying expenses. It may help protect your family, property, and money and may allow you to choose how and where you receive care, including in the comfort of your own home. 1 Department of Health and Human Services. National Clearinghouse for Long-Term Care Information

6 [PHOTO IMAGE FOR POSITION ONLY] You have the freedom to choose where you receive care. Long-term care services may be provided in a variety of settings depending on your needs and preferences, which may evolve over time. Longterm care insurance from New York Life may allow you to stay at home and, if needed, our professional staff can provide support for a transition from one type of care to another. Our policy is designed to allow you and your family to enjoy as much independence as possible, while you get the kind of care you deserve. Design a plan that is right for you. We recognize there is no one-size-fits-all solution, and your reasons for buying coverage are specific to you. That s the value of working with a New York Life Agent. Together, we can create a custom insurance plan that serves your specific needs and is backed by one of the largest mutual life insurance companies in the United States. Our standard policy benefits and optional riders offer you the freedom to personalize your coverage, including how much protection you want, the length of time you want benefits paid, and by how much you want that protection to inflate over time. 2 2 Riders are available at an additional cost. Premium and available benefits vary based on coverage levels and riders selected.

7 A long-term care insurance policy is only as good as the company behind it. History and experience New York Life has been in business since 1845, and we have been selling long-term care insurance since During our more than 165-year history, we ve continued to honor our obligations to our policyowners, proving we will be there when they need us most. Financial strength New York Life is one of the largest companies in the United States based on revenue. We are a Fortune company and one of the few life insurance companies to receive the highest ratings for financial strength currently awarded to any life insurer by all four major ratings agencies. 4 We maintain a large surplus that helps us withstand market fluctuations. Mutuality We are a mutual company which means we are owned solely by our policyholders. Our focus is always on the long term and as such, we are well positioned to withstand the market fluctuations that come with managing a risk pool over many decades. Flexibility New York Life offers a feature-rich and highly flexible long-term care insurance solution. Our base policy includes many built-in features. We also offer policyowners the flexibility to personalize their coverage and choose from additional riders to enhance their policies. 5 Knowledgeable Agents New York Life s long-term care insurance product is available solely through New York Life Agents. As a result, our policyowners receive the benefit of our Agents expert knowledge and advice, and may be confident our Agents have paired them with a policy designed for their specific preferences. Our Agents understand why you want to protect what matters most to you, and will consider your unique financial needs when working with you to choose the most suitable policy. Promises kept Long-term care insurance may be a 10, 20, or even 50-year promise. Choosing New York Life means partnering with a company that has the history, experience, and financial strength to deliver on that promise making us The Company You Keep. 3 Fortune Magazine, 4 AM Best (A++), Fitch (AAA), Moody s Investors Service (Aaa), Standard & Poor s (AA+). Source: Individual Third Party Ratings Report as of Riders are available at an additional cost. Premium and available benefits vary based on coverage levels and riders selected.

8 Long-Term Care Insurance New York Life Insurance Company 51 Madison Avenue New York, NY Long-Term Care Insurance 6200 Bridge Point Parkway, Suite 400 Austin, TX Copyright, all rights reserved The purpose of this material is solicitation of insurance. An insurance Agent may contact you. Long-term care insurance is issued on policy form series ILTC-5000 and INH-5000 with a state identifier, where applicable and edition date. Example: ILTC-5000 (ID) (1001) and INH-5000 (ID) (1001) for Idaho. For costs and further details of the coverage, including exclusions, any reductions or limitations and terms under which the policy may be continued in force, see your Agent or write to the company. This brochure is approved for use in: NH CV (NH) ED