Already in a Nursing Home? The Plan That Still Pays for Care

Already in a nursing home, or about to be? There is one product that still pays for care after the diagnosis, and almost nobody knows it exists. Nursing home care runs $10,000 to $11,000 a month and 85% of people cannot cover it out of income. This is a walkthrough of the Immediate Care Plan - a medically underwritten annuity that turns a lump sum into guaranteed lifetime care income, with two real case studies showing $155,000 and $250,000+ preserved versus a standard SPIA. #LongTermCare #NursingHome #RetirementPlanning ➡️ REQUEST INFORMATION OR A QUOTE - no cost, no obligation: https://caregapplanning.com/immediate... 📄 BONUS — Asset-Based LTC White Paper (free download): https://opeapp-data.s3.us-east-2.amaz... We examine this specialized financial product and how it differs from traditional options. This presentation explains the underwriting process and how it provides certainty of funding compared to standard annuity alternatives. If you are looking for ways to bridge specific care funding gaps, this analysis provides the technical details you need to evaluate the product effectively. The Immediate Care Plan is designed for individuals seeking a structured approach to managing high-cost health requirements. We break down the benefits for stakeholders and review a case study to show how it functions in practice. Subscribe for more independent analysis on financial industry practices. 0:00 — Intro: a one-of-a-kind product for people already in care 0:38 — The cost of care problem: 85% cannot afford it 1:00 — What drives the gap: income, duration, and cost 1:33 — Medicaid vs. a private pay facility 2:08 — Your options to pay for long-term care 2:29 — Traditional long-term care and hybrid products 3:22 — The single premium immediate annuity - and its limitation 4:13 — The Immediate Care Plan: medically underwritten 5:08 — Why use it: peace of mind 5:45 — Guaranteed income, certainty, and cost vs. the alternatives 6:14 — Estate planning: guaranteeing an inheritance 7:13 — Who is suitable - and who is not 7:53 — Stakeholders: the customer 8:14 — The family: peace of mind, no call on their resources 8:52 — Early access to assets and generational wealth 9:11 — Why nursing homes and the government love it 10:04 — The care funding gap, with real numbers 10:59 — Bridging the gap: repositioning assets 11:37 — The power of underwriting: standard SPIA vs. ICP 12:34 — Case study #1: preserving $155,000 of a legacy 14:15 — Case study #2: over a quarter-million in value 15:39 — Key parameters: ages 70 to 95, single premium 16:07 — Funding sources: savings, brokerage, 1035, IRA, 401(k) 16:55 — Death benefit and period certain options 17:53 — The cost-of-living (COLA) rider 18:33 — The 4-step path to a proposal 20:00 — Summary: fire insurance when the house is on fire 20:46 — Who this is for: the income gap 21:34 — Legacy planning, and not rolling the dice 22:35 — How to reach out — GET IN TOUCH Email: roccy@thewpi.org Direct office line: 269-216-9978 Website: https://freefinancialplan.ai Roccy DeFrancesco, JD, CAPP, CMP, CRCS Founder, The Wealth Preservation Institute