| THE CAPITAL TRANSFER Guaranteed Issue Single Premium Life Insurance Policy |
Terminal Illness Rider. The Rider is elected at inception. This policy is designed for long-term-care patients trying to qualify for Medicaid in order to protect assets. It is also designed to be readily acceptable to Medicaid case-workers.
The Capital Transfer is paid with a single premium. It includes an Accelerated Benefit Terminal Illness Rider which is automatically exercised at inception with no waiting period. The rider pays 75% of the original death benefit in 75 equal monthly payments beginning 30 days after inception. These payments will lower Medicaid’s liability by the amount of each monthly payment. In this way, the county case-worker sees that the patient will make additional contributions to his/her long term-care, thereby reducing Government spending and helping the future of Medicaid. At death, the beneficiary receives the 25% remaining death benefit in addition to the remaining monthly rider payments. The beneficiary may take these payments in an ongoing stream of income or as a lump sum commuted value. It is our goal that the The Capital Transfer will be a long term solution to asset protection for nursing home patients while not completely depending on Medicaid. |
| Disclaimer *Please be certain to obtain necessary legal, financial and/or professional help. We cannot be responsible for State Laws, Rules or Procedures which may have changed. Barry Rahm Insurance does not provide legal or tax advice. |
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| LTC Asset Protection and Medicaid Eligibility for Singles and Marrieds. The Best Plan for Long-Term-Care and Nursing Homes |
| Asset Protection & Qualification for Medicaid Eligibility for Nursing Homes* |
| Please call or email for a free illustration and any questions you may have. Barry Rahm Barry Rahm Insurance 1074 Diamond Crest Court, Santa Barbara, CA 93110 Phone Toll Free 800-255-1932, Local 805-683-6311 Fax 805-683-6313, Cell 805-455-4611 Email to barryrahm@verizon.net Home Bulletins Products Forms Software Brochures |
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| Barry Rahm Insurance Serving Agents for over 35 Years Email to barryrahm@verizon.net 800-255-1932 Asset Protection & Qualification for Medicaid Eligibility for Nursing Homes* Guaranteed-Issue Single Premium Life Be sure to check out The Bulletins *Before proceeding, please see disclaimer at bottom of page. |