Transcript The Next time you have a decline…

“SURVIVING
A CRITICAL
ILLNESS”
TIMES HAVE CHANGED…
Early detection
Prevention
Medical Advances
2012 GoldenCare USA
Have increased the
odds of surviving a
critical illness
THE FACTS
1 in 2 will be diagnosed with cancer
during their lifetime1
Every 40 seconds someone in the
U.S. has a stroke.2
1United
States Cancer Statistics (USCS). Centers for Disease Control and Prevention site, 2011 Cancer of All Sites - SEER Stat
Fact Sheet. 2011 2Stroke Facts. Centers for Disease Control and Prevention 2011. 3Roger V, Go, A, Lloyd-Jones, D, et al. Heart
disease and stroke statistics—2011 update. American Heart Association Statistics Committee and Stroke Statistics Subcommittee.
2012 GoldenCare USA
In 2010, 785,000 Americans had a
new coronary attack (470,000 had
a recurrent attack)3
THE FACTS
1 in 2 will be diagnosed with cancer
during their lifetime1
Every 40 seconds someone in the
U.S. has a stroke.2
1United
States Cancer Statistics (USCS). Centers for Disease Control and Prevention site, 2011 Cancer of All Sites - SEER Stat
Fact Sheet. 2011 2Stroke Facts. Centers for Disease Control and Prevention 2011. 3Roger V, Go, A, Lloyd-Jones, D, et al. Heart
disease and stroke statistics—2011 update. American Heart Association Statistics Committee and Stroke Statistics Subcommittee.
2012 GoldenCare USA
In 2010, 785,000 Americans had a
new coronary attack (470,000 had
a recurrent attack)3
American Association of Critical Illness website, Resource Area, October, 2012
2012 GoldenCare USA
THE RISK INCREASES AS WE AGE
THE GOOD NEWS
SURVIVAL ODDS ARE HIGH
86% of heart attack patients survive
• 90+% for first attacks1
80% of stroke patients survive
• 35% with no or minor impairments.1
60% to 90% for kidney failure2
“Why do I need critical illness insurance?”.essentialbenefits.ca. Essential Benefits. Feb. 2011
“Acute Kidney Failure” Merck Manuals Online Medical Library. 16 Feb. 2011 3 “Organ Transplantation”.
FAQs.org. Health. Web 16 Feb. 2011.
1
2
2012 GoldenCare USA
50-90% for major organ transplants3
SURVIVAL BRINGS EXPENSES
Survival brings additional expenses along with the
emotional stress…
• Co-payments, deductibles and excess medical costs
• Transportation and lodging
• Lost wages and work interruptions
All add to the out-of-pocket costs
Assisted Living Facility
or
Nursing Home!
1United
States Cancer Statistics (USCS). Centers for Disease Control and Prevention site, 2011 Cancer of All Sites - SEER Stat
Fact Sheet. 2011
2012 GoldenCare USA
Especially if it leads to a recuperating stay in an
MEDICAL EXPENSES
MAY CAUSE PROBLEMS FOR SOME
• Over 60% of bankruptcies are linked to medical
expenses1
• Almost 80% had health insurance!1
• In 2008, 50% of foreclosures were due to debt
from medical causes2
1 The American Association of Critical Illness Insurance, www.AACII.org, 2009 Report 2 Robertson, Egelhof &
Hoke. “Get Sick, Get Out: The Medical Causes of Home Mortgage Foreclosures”. August 2008. Web. Oct. 2011.
2012 GoldenCare USA
Would it affect your nest egg?
THEN - THERE’S ALZHEIMER'S
• 1 in 8 Americans over the age of 65 have
Alzheimer’s disease
• Almost 50% over age 85 have the disease
• 5.4 million Americans are living with Alzheimer’s
disease
• By 2050, 16 million will have the disease
Alzheimer’s Association Fact Sheet, March 12 2012
2012 GoldenCare USA
Living too long may affect your nest egg
HELP WHEN YOU NEED HELP!
GTL* CRITICAL CARE
*GUARANTEE TRUST LIFE INSURANCE COMPANY
Benefits are only paid for covered conditions. See the policy for complete details on coverage.
Benefits are not available in all states. Underwritten by Guarantee Trust Life
CRITICAL CARE BY GTL:
PAYS CASH!
CASH benefits may be used for any purpose
•
•
•
•
•
Replace lost income
Pay someone to care for you (including family!)
Assisted Living Facility or Nursing Home costs
Travel and lodging
Mortgage and debt payments
Benefits are only paid for covered conditions. See the policy for complete details on coverage.
2012 GoldenCare USA
No restrictions on how you decide to use it
Benefits are not available in all states. Underwritten by Guarantee Trust Life
CRITICAL CARE BY GTL:
BENEFIT INCREASE INCLUDED
During a benefit period, if you reside
• At home or in a facility:
You receive 100% of the Monthly base benefit
• Assisted Living Facility:
You receive 50% additional *
• Nursing Home:
You receive 100% additional *
Cash benefit can help pay
Long Term Care Expenses
2012 GoldenCare USA
*Benefit increase not available in all states
Benefits are not available in all states. Underwritten by Guarantee Trust Life
CRITICAL CARE BY GTL:
STANDS APART FROM THE REST
• Covers Alzheimer’s Disease
• Increased ALF and NH benefits
• Restoration of Benefits
A unique
Critical Illness Policy
2012 GoldenCare USA
• No reduction in coverage
as you age
Benefits are only paid for covered conditions. See the policy for complete details on coverage.
Benefits are not available in all states. Underwritten by Guarantee Trust Life
Benefits are only paid for covered conditions. See the policy for complete details on coverage.
2012 GoldenCare USA
1) CHOOSE YOUR PLAN
Benefits are not available in all states. Underwritten by Guarantee Trust Life
2) CHOOSE YOUR MONTHLY BASE BENEFIT
Options: $500 - $3,000 per month
• in $250 increments
Base Benefit is increased
Could pay up to $6,000 a month
if confined in a Nursing Home!
Benefits are only paid for covered conditions. See the policy for complete details on coverage.
2012 GoldenCare USA
• 50% when in an Assisted Living Facility
• 100% when in a Nursing Home
Benefits are not available in all states. Underwritten by Guarantee Trust Life
3) CHOOSE YOUR BENEFIT PERIOD
Benefit Period is the length of time you receive
benefits for a covered condition
Options: 6, 12, 18 or 24 months
• Limited benefit period applies to certain conditions
Diagnosis qualifies for full benefit period*
Recover or Die!
*There is an initial, one time, 30 day waiting period after the policy is issued in most states
2012 GoldenCare USA
Receive benefits for your covered Benefit Period
even if you
Benefits are not available in all states. Underwritten by Guarantee Trust Life
RESTORATION OF BENEFITS
Benefit Period is restored for most conditions
12 months after benefit payments end until you
reach your Lifetime Maximum Benefit
Formula: Monthly Benefit x Benefit Period x 3
Example: $3,000 a Month, 24 month plan
Restoration of Benefits is built into the policy!
Benefits are only paid for covered conditions. See the policy for complete details on coverage.
2012 GoldenCare USA
$6,000 Full Monthly Benefit w/Nursing Home
x 24 Benefit Period
x 3 Lifetime Benefit Multiplier
$432,000 Maximum Lifetime Benefit
Benefits are not available in all states. Underwritten by Guarantee Trust Life
Benefits are only paid for covered conditions. See the policy for complete details on coverage.
2012 GoldenCare USA
COVERED CONDITIONS & COVERAGE
Benefits are not available in all states. Underwritten by Guarantee Trust Life
HOW IT WORKS
You chose a $3,000 Monthly Base Benefit
with a 24 Month Benefit Period…
Your monthly benefit will be based on where you recuperate:
$3,000
In an Assisted Living Facility - $4,500
In a Nursing Home -
Any combination
for the
FULL
24 months
$6,000
Benefits are only paid for covered conditions. See the policy for complete details on coverage.
2012 GoldenCare USA
At Home -
Benefits are not available in all states. Underwritten by Guarantee Trust Life
AN EXAMPLE OF HOW IT WORKS
Bob buys a 24 month Critical Care policy with a base
benefit of $3,000 a month.
Six months after his policy is delivered, Bob suffers a
stroke. He spends six months in a Nursing home, then
moves home to finish his rehabilitation which takes
another six months.
Benefits are only paid for covered conditions. See the policy for complete details on coverage.
2012 GoldenCare USA
Three years later, Bob has another stroke. He spends
eight months in the nursing home before he passes
away.
Benefits are not available in all states. Underwritten by Guarantee Trust Life
LET’S SEE WHAT HIS POLICY WOULD PAY
First stroke:
Bob spent six months in a Nursing home
Policy pays $6,000 a month
$36,000
He spent six more months recovering at home
Policy pays $3,000 a month
$18,000
Even if recovered, Bob receives benefits for full 24 months
Policy pays $3,000 a month
$36,000
Second Stroke:
Bob spent eight months in a nursing home
Policy pays $6,000 a month
$48,000
Bob’s family receives balance in a lump sum payment
Total Policy Benefits:
$48,000
$186,000
Benefits are only paid for covered conditions. See the policy for complete details on coverage.
2012 GoldenCare USA
Policy pays $3,000 for remaining 16 months
Benefits are not available in all states. Underwritten by Guarantee Trust Life
OPTIONAL –
RETURN OF PREMIUM RIDER
Optional Benefit
Will refund the premiums you paid, less any benefits
the company paid, if you die before the first policy
anniversary following your 80th birthday
Example:
You pay $100 a month premiums starting at age 60
At age 70 you die without using the policy
Benefits are only paid for covered conditions. See the policy for complete details on coverage.
2012 GoldenCare USA
With Return of Premium, the policy will pay $12,000 to your
beneficiary