Free News Articles, Insurance, Long Term Care

Long-Term Care Insurance Is a Gift for the Whole Family, ACSIA Partners Says

KIRKLAND, Wash. -- If you want to brighten the lives of everyone in your family, "Consider the gift of long-term care insurance," says Denise Gott, CEO of ACSIA Partners, a leader in long-term care planning.

"Whether you get the policy for yourself or for aging parents, it's really a gift for everyone," Gott asserts.

"Different family members benefit in different ways at different times," she says, "but everyone stands to benefit overall." For example:

* If you get a policy for yourself or spouse, you protect your assets and the future of your entire extended family. "With money available to pay for care," says Gott, "your savings and property won't be as vulnerable to unexpected care costs. And you may avoid relying on your children or other relatives to pay for your care." This knowledge alone can ease tensions and make the holiday season more pleasant, Gott points out.

* If you get a policy for aging parents, everyone benefits, not just them. "Your parents may live the rest of their lives with greater security and less fear," says Gott, "but you may also benefit. You guard against sudden, large care expenses down the pike, which could be disruptive. And you gain more control over your own future." For example, she explains, there's less likelihood you or your spouse will have to leave a job to provide care personally.

* Your children stand to benefit, too. With care expenses made more manageable through planning, educational plans can be made with greater certainty. "It's less likely you'll ever have to choose between tuition for your kids and care for your parents or spouse," says Gott.

* Added reward from Uncle Sam. A portion of long-term care premiums may be deducted on federal income tax returns. Tax deductions or credits are also available in many states. "It's like a gift, a nice incentive, and it keeps recurring," says Gott. "You can set yourself up for 2016 and every year after."

"Long-term care insurance is truly a gift that keeps on giving," says Gott. "You'll have less to worry about this holiday season, and every holiday season from here on. You can relax and enjoy the festivities and one another."

Shopping for long-term care insurance is made easy on the ACSIA Partners website:

Visitors may explore a range of affordable long-term care planning options including critical illness insurance, annuities, and life insurance with LTC riders as well as traditional LTC insurance. By-phone or face-to-face meetings with local agents are also available.

ACSIA Partners LLC -- -- is one of America's largest and most experienced long-term care insurance solution agencies. The company is also a co-founder and sponsor of the "3in4 Need More" campaign, run by the 3in4 Association, which encourages Americans to form a long-term care plan.

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Insurance

ACSIA Partners Seeks 150 New Agents to Serve Growing Segments of Its Long-Term Care Planning Business

KIRKLAND, Wash. -- The long-term care insurance market seems to be in turmoil thanks to rate increases, waning consumer demand, and carriers exiting the business. Pessimism prevails, but not for ACSIA Partners, one of America's largest long-term care insurance agencies. The company is quite bullish, in fact. "We're looking for 150 new agents," says Denise Gott, CEO. "We need them right now to handle current need and projected demand." What's going on?

The company is not immune to the industry turmoil. "Our traditional business, individual LTC insurance, has temporarily levelled off," she says, "but it's still substantial and continuing; and two new segments are surging: hybrid care solutions and worksite plans."

Hybrid solutions are annuities or life insurance policies with long-term care riders. They are based on tangible assets that may be tapped to pay for care when needed. This has several advantages that make them attractive buys:
* Premiums can never increase.
* Benefits cannot change.
* Funds not used for long-term care go to beneficiaries tax-free.

Also, "It's easy to add a care rider to instruments the client needs anyway, like a life policy or annuity," says Gott.

Worksite plans are group or multi-life plans that offer long-term care protection as an employee benefit. "They're in demand because they appeal to both the company and the employee," says Gott.
* The plans bolster employee effectiveness and earning power. In the absence of LTC plans, long term care issues cost American industry $29 billion annually in lost productivity, according to a study by the MetLife Mature Market Institute. And employees jeopardize their income when they have to assume care duties.
* The plans offer multiple tax benefits. Premiums can be 100% tax-deductible to a business. For employees, premiums are not considered income, and the benefits received are generally tax-free.
* Economies of scale simplify everything. For example, there is relaxed health screening; and group rates keep premium costs down.

"Advantages like these make worksite LTC a no-brainer," says Gott. "And we think it could become as common as group healthcare, which has become the norm for most employers."

"Overall, for businesses as well as families, the need for LTC solutions is enormous," says Gott. "That's why we're so bullish."

Also, Gott predicts that the traditional LTC insurance business will start growing again fairly soon. "There are products out there, already developed, but sitting on carriers' shelves because the near-zero interest rate environment makes them uneconomic. As soon as interest rates start going up again, it's a whole new ballgame."

"So we're looking for 150 senior solutions agents to join us in serving this large and growing market." Information for candidates is available at

For employers interested in group protection for their employees, information is available at

Information for consumers is available at

About ACSIA Partners LLC:

ACSIA Partners LLC -- -- serves organizations as well as families in all states. The company is also a co-founder and sponsor of the "3in4 Need More" campaign, which encourages Americans to form a long-term care plan.

This news story was published by the Neotrope® News Network - all rights reserved.

Free News Articles, Insurance, Real Estate

Uninsured Long-Term Care Is ‘Eating’ Real Estate by the Square Foot, ACSIA Partners LLC Reports

-- The cost of care for aging Americans may be viewed as a glutton that devours homes in daily bites that are getting bigger. So says Denise Gott, CEO of ACSIA Partners, one of America's largest long-term care insurance agencies.

"Eleven years ago we started translating long-term care costs into square feet of real estate," says Gott. "We did this to highlight the financial burden of paying for care."

In July of 2005 the company calculated that the cost for a private room in a nursing home was "eating" two square feet of the average American home each day. Now the bites are 29 percent bigger, 2.6 square feet, according to Gott.

ACSIA Partners developed the estimate based on the following facts:

The national average annual cost for a private room in a nursing home is now $92,376, according to the Genworth 2016 Cost of Care Survey, conducted by CareScout(r). That's about $253 a day, up from $192 in 2005.

The National Association of Realtors(r) reports that the median price for U.S. homes is now $240,200. With a median 2,476 square feet per home, according to the U.S. Census Bureau, that equals $97 per square foot, enough to pay for about a third of a day of nursing home care. In 2005, each square foot paid for about half a day, according to Gott.

The ratios vary by region and home type, of course. Here are some examples:
* 4,000 square-foot home in San Francisco, Calif., $1,800,000: 0.56 square feet eaten by one day of long-term care
* 1,902 square-foot home in Cleveland, Ohio, $150,000: 3.21 square feet eaten by one day of long-term care
* 1,328 square-foot home in Jamestown, N.Y., $65,000: 5.17 square feet eaten by one day of long-term care

Note that the less a home is worth, the bigger the relative LTC bite may be. For example, consider a 1,532 square-foot home for sale at $15,000 in Trenton, N.J. It would be "eaten" at the rate of 25.85 square feet a day. Note also that these estimates are very general. For example, in areas where homes cost more, the cost for LTC services may also be higher.

"If you're not protected by insurance or savings," says Gott, "figure that for every day someone in your family needs care, there goes another chunk of your home."

In fact, many Americans may be planning, by default, to pay for care with their home equity, Gott observes. "That's fine if it's a conscious choice and the best option in their case. We recommend, however, that they explore other options just to be sure."

The options recommended by Gott's organization include long-term care insurance, critical illness insurance, life insurance or annuities with long-term care riders, and other solutions ranging from health savings accounts to Medicare supplement plans.

Information is available at

ACSIA Partners LLC -- -- serves organizations as well as families. The company is also a co-founder and sponsor of the "3in4 Need More" campaign -- -- which encourages Americans to form a long-term care plan.

This news story was published by the Neotrope® News Network - all rights reserved.