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A Revolutionary Approach to Long-Term Care

A Revolutionary Approach to Long-Term Care. Underwritten by Guaranty Income Life Insurance Company Baton Rouge, LA. AC-SEM-04 (FL) 1. The AnnuiCare ® rider is a unique approach to Long-Term Care, offered exclusively by Guaranty Income Life Insurance Company.

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A Revolutionary Approach to Long-Term Care

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  1. A Revolutionary Approach to Long-Term Care Underwritten by Guaranty Income Life Insurance Company Baton Rouge, LA AC-SEM-04 (FL) 1

  2. The AnnuiCare® rider is a unique approachto Long-Term Care,offered exclusively by Guaranty IncomeLife Insurance Company Home Office Baton Rouge, Louisiana. Policy Form Nos. LTC-2 (FL 2/03) and LTC-3 (FL 2/03). AC-SEM-04 (FL) 2

  3. What is AnnuiCare®? • It is a tax-deferred annuity that provides up to triple the annuity value for qualified LTC • It is a tax qualified long-term care insurance rider • It is a tax deferred annuity with a tax qualified long-term care benefit AC-SEM-04 (FL) 3

  4. Why did Guaranty Income Life create an Annuitywith long term care benefits? • Because the majority of people self-insure. • Traditional Long Term Care Insurance is expensive and may be difficult to qualify for medically. • People may be reluctant to purchase something they may never use. AC-SEM-04 (FL) 4

  5. Moving Assets Can Make Your Money Work Better! (Free Up More Assets) $100,000 LTC Benefit $150,000 “Financial Safety Net” $50,000 Premium The cost of long-term care insurance is deducted from the annuity value. AC-SEM-04 (FL) 5

  6. $100,000 LTC Benefit $50,000 Premium Moving Assets Can Make Your Money Work Better! (Free Up More Assets) $150,000 Total available for Your Use Moving $50,000 into AnnuiCare® can provide a benefit up to $150,000 for long-term care expenses. AC-SEM-04 (FL) 6

  7. $219,000 Total Benefit = + $73,000 $73,000 $146,000LTC Benefit $146,000LTC Benefit % X ON OFF ÷ 7 8 9 – 4 5 6 1 2 3 + . 0 = Kate Jones (Female 65) AnnuiCare® at Issue 73000 ÷ 730 = AC-SEM-04 (FL) 7

  8. 730 Days = 2 years AC-SEM-04 (FL) 8

  9. $219,000 Total Benefit = + $73,000 $73,000 $146,000LTC Benefit $146,000LTC Benefit % X ON OFF ÷ 7 8 9 – 4 5 6 1 2 3 + . 0 = Kate Jones (Female 65) AnnuiCare® at Issue $100 (Daily Benefit) 73000 ÷ 730 = AC-SEM-04 (FL) 9

  10. $219,000 Total Benefit = + $73,000 $73,000 $146,000LTC Benefit $146,000LTC Benefit % X ON OFF ÷ 7 8 9 – 4 5 6 1 2 3 + . 0 = Kate Jones (Female 65) AnnuiCare® at Issue $100 (Daily Benefit) 2,190 days (6 years) (Minimum Benefit Period) 219000 ÷ 100 = AC-SEM-04 (FL) 10

  11. $325,196 Total Benefit $216,797LTC Benefit $216,797LTC Benefit + = $108,399 $108,399 % X ON OFF ÷ 7 8 9 – 4 5 6 1 2 3 + . 0 = Kate Jones AnnuiCare® at Age 75 $148.49 (Daily Benefit) 2,190 days (6 years) (Minimum Benefit Period) 325196 ÷ 148.49 = *Assumed Interest Rate 5.00% AC-SEM-04 (FL) 11

  12. $396,117 Total Benefit $132,039 Cash $264,078LTC Benefit $264,078LTC Benefit = + $132,039 % X ON OFF ÷ 7 8 9 – 4 5 6 1 2 3 + . 0 = Kate Jones AnnuiCare® at Age 80 $180.88 (Daily Benefit) 2,190 days (6 years) (Minimum Benefit Period) 396117 ÷ 180.88 = *Assumed Interest Rate 5.00% AC-SEM-04 (FL) 12

  13. AnnuiCare®What Does It Pay? AnnuiCare® will pay Long-Term Care expenses up to 100% of the daily maximum benefit for: • Home Health Care • Homemaker Services • Hospice Services • Maintenance or Personal Care Services • Respite Care • Assisted Living Facilities Care • Alzheimer’s Care • Nursing Home Care … and up to 50% of daily maximum benefit for: • Adult Day Care AnnuiCare® has exclusions and limitations. For costs and complete details of the coverage call or write your insurance agent or company. AC-SEM-04 (FL) 13

  14. Being unable to perform at least two out of six activities of daily living • Bathing • Eating • Continence • Toileting • Dressing • Transferring AnnuiCare®Accessing Your Benefits To qualify for benefits, the insured must be chronically ill as certified by a licensed healthcare practitioner as: or • Requiring substantial supervision to protect the individual due to a severe cognitive impairment. AC-SEM-04 (FL) 14

  15. AnnuiCare®Suitability • Financial - Where is the money coming from? Can you afford the coverage? • Medical – What is your past medical history? What medications are you currently taking? • Market: 60 to 85 years of age with $100,000 of liquid net worth AC-SEM-04 (FL) 15

  16. AnnuiCare®Underwriting • No Medical Exams • No Medical Records Ordered • No Lab Work Ordered • No Substandard Ratings • Quick Response - Usually 72 Hours AC-SEM-04 (FL) 16

  17. AnnuiCare®Underwriting • Up to age 75—Telephone Interview by Registered Nurse • Age 75 plus —Face to Face Interview AC-SEM-04 (FL) 17

  18. AnnuiCare®at a Glance • Minimum Amount — $36,500 — Non-qualified $50,000 — Qualified • Maximum Amount — $300,000 • Maximum Issue Age — 85 • Guaranteed Interest Rate — 3% • Liquidity Feature — Interest earnings in excess of the long-term care premium deductions can be withdrawn without penalty. Any withdrawals will reduce long-term care benefits. • Death Benefit — Greater of annuity surrender value or return of annuity premium paid less any previous withdrawals and deductions. • Withdrawal Charges: AC-SEM-04 (FL) 18

  19. A Revolutionary Approach to Long-Term Care Underwritten by Guaranty Income Life Insurance Company Baton Rouge, LA AC-SEM-04 (FL) 19

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