Schmalberg Associates  

A Value-Added Broker: Long-Term Care, Disability Income, Life Insurance & Annuities

We Appreciate Your Business and Always Work Hard for You!

 State Licensed and Authorized Agent

Call Today!  (718)467- 3860    Fax: (718)467- 3864

Are Your Retirement Funds at Risk? 

Financially savvy people understand the importance of utilizing long-term care insurance to protect their retirement funds and estate assets.  Why? Long-term care costs are already very expensive and continue to escalate every year. 

What Is Long-Term Care? Long-term care (LTC) services include the custodial care along with the associated personal care, medical care, housing and other necessary assistance needed when an individual's cognitive and/or physical capacity diminishes below the level of self-sufficiency.  Custodial care is defined as assistance with one's activities of daily living (toileting, bathing, dressing, eating, transferring, ambulating and continence) or supervision necessitated by a severe cognitive impairment.  Long-term care insurance is intended to pay for this custodial care and the associated services. 

Neither health insurance nor disability income replacement insurance is designed to cover these costs.

Current and Projected Cost of Care:

• $300 per day in the New York metropolitan area for 2004* 

• 5% compounded yearly increase due to inflation  

• $1,377,278 per person total cost over the next 10 years 

• $2,722,000 per person total cost, starting in 15 years over the subsequent 10 year period.

What is at Risk?

The need for long-term care can arise quite unexpectedly, often creating a large financial outlay.  In many cases such a financial burden could

• necessitate the distress sale of one's home

• deplete accumulated assets

• exhaust the fund set aside for retirement

As can be seen from the unprotected risk amount, even the very affluent would take a hard financial hit to their assets.

Therefore, no retirement  or estate plan is complete without drafting a long-term care plan which includes

• where the services will be provided,

• who will provide the services and

• the insurance policy that will cover the costs.

Schmalberg Associates can guide you to the proper plan to best suit your needs.

Are you an officer of a C-Corporation?  Have you thought about the  

Benefits of LTCi Multi-Life Plans?

	Significantly discounted
	Voluntary employee participation through payroll deductions
	100% tax deductible programs for owners who are employees of C-Corporations

*Long-Term Care Insurance Can Complement Disability Income*            In addition to paying for long-term care services, a monthly cash benefit can complement an individual’s disability income replacement plan, since it is designed to be used at the policyholder’s discretion.  This financial tool is frequently utilized by individuals seeking higher levels of financial security due to:

	Capped income replacement that limits physicians, key executives and high income earners.
	Multiple sources of income not covered by disability income replacement policies.

However, although long-term care insurance cash benefits may be used to complement DI, adequate resources should also be allocated to insure anticipated long-term care costs.

Schmalberg Associates is prepared to help.  Long-term care insurance is a sophisticated product and we have no desire to make a quick sale.  We rather pride ourselves in offering a comprehensive service to help ensure that your needs are properly addressed.

For additional information call us toll free at (718) 467-3860.

We have the time and expertise to answer questions and address any concerns you may have.  References are available upon request.

Schmalberg Associates - Licensed in NY, NJ and CA

*Mature Market Institute report for 2004.

Notice:  All information on this site is subject to change without notice.

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