SPECIAL FOR UFCW LOCAL 1036 MEMBERS

 

A Nursing Home Is No Place To Spend Your Hard Earned Money

Long Term Care Not Just For Seniors

President’s Message:

UFCW Local 1036 is proud to refer eligible members, their dependents and family members to Long-Term Care Specialist sm for their long-term care insurance needs. It is your union’s goal to offer the highest quality long-term care insurance services at the greatest possible savings to our members and their families.

Sincerely and fraternally,

George L. Hartwell
President


 

Special opportunity for the United Food & Commercial
Workers Union Members Local 1036

The high cost of long term health care, and the family burdens presented by the need for such care are very real concerns. Many of the members will be interested in the protection of their assets and other advantages offered by this program. This association program offers both a premium discount and relaxed underwriting requirements to the Union members and their family members and employees!

Monumental Life Insurance Company, (Member of the AEGON Insurance Group), a large A+ rated national carrier, has been one of the leaders in associations LTC insurance for many years. By offering only the best programs to the Union members.


 

LONG TERM CARE:

The Risk and Challenge for Today’s Family

Throughout the United States, there is growing concern about the high costs of long term health care, and the effect these costs may have on retirement security, quality of life, and family budgets.

For the Retired, or Soon to Be Retired Person

The costs of long term health care may represent your greatest threat to financial security, particularly during retirement years and the risk of needing such care may be much higher than you realize.

For the Working Age Person

Automobile accidents and serious health problems create the need for long term health care for people of all ages. Traditional medical insurance normally does not cover such expenses which may present a serious threat to family assets.

• 40% OF PEOPLE ON CLAIM NOW NATIONALLY ARE OF WORKING CLASS AGE DUE TO ACCIDENTS.

• ELDERCARE IS FAST REPLACING CHILDCARE AS THE NUMBER ONE DEPENDENT CARE WORKPLACE ISSUE. A STARTLING 42% OF EMPLOYEES EXPECT TO ASSUME ELDER-CARE DUTIES WITHIN 5 YEARS. ( The Wall Street Journal 7-8-98, referring to The Families & Work Institute’s National Study of Changing Workforce.)

• FOR THE FIRST TIME IN HISTORY STATISTICS SHOW THE AVERAGE AMERICAN WOMAN WILL SPEND MORE TIME TAKING CARE OF HER PARENTS THAN SHE WILL RAISING HER CHILDREN.

• RESEARCH SHOWS THAT CAREGIVERS EXPERIENCE STRESS AND PRODUCTIVITY LOSSES ON THE JOB. NINETY-ONE PERCENT OF THE EMPLOYEE CAREGIVERS ALTER THEIR WORK HABITS, USUALLY IN A NEGATIVE WAY. ( The Long Term Care Handbook, 1996 page 187.)

 

The Impact To Employers

The need to care for aging parents impacts businesses with employees.

        • 69% of caregivers arrive late/leave work early
        • 67% take time off during the day
        • 64% use sick days/vacation time
        • 29% resign
        • 22% take leave of absence

The aggregate costs for caregiving to US business…. Exceed $ 29 billion per year.
(Source: National Alliance for Caregiving)

 

The Impact To Employees

Employees who are forced to care for an aging parent pay a toll in lost income and added stress.

        • $566,500 in lost lifetime wages
        • $67,000 lost lifetime retirement contributions
        • 29% pass on promotions or new assignments
        • 25% pass on transfer or relocations

(Source: National Alliance for caregiving and National Center for Women and Aging Brandies University, 1999)

 


Our health can change at any time. You are only as healthy as you are today.

Call Long-Term Care Specialist Now!

Toll Free 800-596-5947

Insurance Eligibility-Ages 18 to 89!!


 

Here are the Facts:

  • 1 in 2 people over the age of 65 will require some type of convalescent care.
  • Nursing Home costs are between $35,000 and $80,000 per year and are rising.
  • Medicare covers less than 5% of nursing home costs and nothing for convalescent care.
  • With the baby-boomers entering their retirement years, experts believe that Social Security and Medicare will be bankrupt within 10 years.
  • Long-Term Care has become the single largest retirement expense, and the one least planned for.

Sources: Dept. of Health & Human Services, The Insider’s Guide To Long-Term Care, Money Magazine-Apr. ’88, Journal of Accountancy-Feb. ‘93.

 

Here are Your Choices:

  • Medicaid - a federally funded welfare program that requires you "spend down" your assets and depend on sub-standard care.
  • Use your personal assets - Studies show that 33% of all long-term care patients, that are married, exhausted their assets in just 14 weeks! Is that really why you saved your money?
  • Become dependent on Your Family - Could your family handle the physical and financial burden of full-time care?
  • Transfer the Risk - You insure your car, your home, even your life. Doesn’t it make sense to insure your assets and retain freedom of choice?

YOU OWE IT TO YOURSELF AND YOUR FAMILY
TO CALL IMMEDIATELY TOLL FREE

1-800-596-5947

CA Dept. of  Insurance License No. OB71840


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3069 Rikkard Drive
Thousand Oaks, CA 91362
Phone: 800-596-5947 Fax: 877-241-4435