Hybrid & Traditional Long-Term Care Insurance Exchanges for Employers and Associations
The advantage of working with us is that we are independent and have access to all of the major insurance companies products. Because not all products are created equal we may be able to save you hundreds of thousands of dollars.
Currently there is no single “best” insurance company for everyone- your demographic is diverse. Some insurance company options have a sweet spot for couples applying together- another company is best for women applying alone (Most companies’ recently increased premiums 30% for females- in recognition that they account for 70% of claims). And the “group” carriers no longer issue coverage on a guaranteed basis- yet their high premium rates reflect old adverse selection assumptions
Solution - After careful vetting our exchange offers insurance company choice that will be attractive to almost everyone. It offers a choice with the most “user friendly” contractual language. Another has the lowest premiums for couples applying together- and yet another provides the most attractive option for women applying alone.
RetirementGuard’s exchange combines sophisticated web based technology in tandem with concierge level hand holding. This can be complicated- and our senior advisors assure that employees and association members will make informed decisions based upon criteria which is most important to them.
RetirementGuard specializes in physical and cognitive based loss insurance programs- and because of our specialization we can provide a level of expertise and service which will be impossible to find elsewhere.
Life Insurance Planning
for Financial Well Being
An innovative voluntary program that empowers employees
This innovative voluntary program empowers your employees to improve their financial well being. Permanent life insurance coverage, life insurance reviews, and family readiness and legacy planning can be key components of financial wellness. RetirementGuard, in affiliation with MassMutualSM, has created a multifaceted product and service offering which can be of immense importance to many of your employees.
The program has three components that can be implemented independently of one another, or in their entirety.
- massmutual@worksm Group WholeLife Insurance
Many employees have different uses for this versatile financial planning tool. Paid up life insurance in retirement can be utilized for a variety of purposes ranging from paying for final expenses to sophisticated legacy planning. The plan is dividend eligible and provides guaranteed cash value, guaranteed current and paid up death benefits, and a guaranteed level premium with tax favored cash build up and income tax free death benefits.
- Life Insurance Review
This component is provided without employer or employee cost. Times and circumstances change; and it is amazing and relevant to see how often employees and their family members do not understand what they own. A review of a life insurance program would focus on suitability, form and affordability. In addition it would include a current review of beneficiary designations and language. Are yesterdays policies meeting today ’s objectives and goals?
- Family Readiness and Legacy Planning
The third component of our program is a fee based Planning Service. (Fees can be substantially reduced as a part of this voluntary benefit.) Many employees and their family members have the intent to plan, but ultimately do not because of lack of time and not knowing where they can receive professional help. This sophisticated personal concierge service guides employees and family members through the planning thought process - and provide the expertise to bring intent to fruition.
Ex-change
— a place where things are exchanged, especially a center where financial instruments are bought and sold.
Primarily because of the historically low interest rate environment, the long-term care insurance
industry has been in transition. The fact is no single insurance company can be "best" for everyone- and
this is particularly true today. To serve the needs of a diverse employee demographic you might
consider our exchange format. We typically make four insurance company choices available- one or two
might even provide liberalized underwriting. Depending on the age, gender, and health of the employee
or family member we can guide them, objectively, to the insurance company choice which will best
meet their needs.
www.myltcexchange.com
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massmutual@worksm Group WholeLife Insurance
Permanent whole life insurance on a guarantee issue basis provided by one of the world’s leading and most highly rated financial service organizations. The plan is dividend eligible and provides guaranteed cash value, guaranteed current and paid up death benefits, and a guaranteed level premium with tax favored cash build up and income tax free death benefits.
How this component can help
- Protection
Many employees want a small amount of lifelong protection for final expenses. In its simplest form this is legacy planning and provides the means (paid up life insurance) to pay final expenses and credit debt so surviving family members are not left with liabilities.
- Portable
Many employees would appreciate fully portable life insurance with guaranteed premiums as a portion of their life insurance portfolio.
- Security
Many employees feel financially more secure knowing that paid up life insurance is in their financial tool box.
- Meet Objectives
Many employees need lifelong insurance that escapes probate to meet the objectives of their more sophisticated Legacy and Estate Plans.
- Special Needs
Many employees would like to leave tax-free death proceeds to children or grandchildren with special needs.
- Accessible
Many employees would like a convenient source of accessible cash outside of their qualified plans for emergencies and college tuition.
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Life Insurance Review
This can be an extremely important service (provided without cost) because sophisticated life insurance professionals will not work with a sizeable portion of your employee demographic.
How this component can help
- Understand
Many employees, and/or their family members, own term and permanent life insurance which they may not understand
- Coordinate
Does the current death benefit protection meet and coordinate with employer provided term life insurance to meet current objectives?
- Restructure
Can existing life insurance policies be restructured to be more economically efficient?
- Update
Should beneficiary designations be updated?
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Privacy Policy
RetirementGuard's mission is to enhance quality of life and peace of mind. We believe the interest of our clients always come first. As a current or future client we need you to know that we are committed to maintaining your trust; protecting your privacy and the personal information you provide to us.
We only collect, use and share your personal information in order to provide you with and maintain the insurance products and services you have requested, or as permitted or required by law.
We will not share your information with any non-affiliated company for the purpose of that company marketing its products or services to you. We do not sell any information about you nor do we sell our customer lists.
Information collection
An essential part of the insurance application process is getting to know you. In this regard, we will need to collect some specific information from you and about you.
We will ask you to provide, among other things, personal data such as your name, address, date of birth, social security number, marital status, home address, phone numbers, email address and place of employment. In most cases you will also need to provide the names of your physicians, medications you are taking and illnesses or conditions you have or have had. Lastly, to ensure that you can afford the insurance you are interested in purchasing, questions related to your annual income range, savings and investments.
We would require the above information for the following:
- Illustrations & Proposals
- Financial Worksheets
- Long-Term Care Insurance Applications
- Servicing Your Account
Sharing information
When you provide information to us, we may share your information with our affiliated insurance companies for the purpose of fulfilling underwriting requests as well as offering you other services that may be of interest to you.
How is your information secured and protected?
We treat what we know about you confidentially. The website uses encryption and authentication tools to protect any personal information you send us via the Internet. Internally we take steps to make our computer data bases secure and to safeguard the information we have collected about you.
We require confidential treatment of your information and take care in handling your information. Employees who misuse customer information are subject to disciplinary action.
To contact us, to view or to update your information
If you wish to update or view your personal information or if you have any questions about this Privacy Policy, you may contact us by sending a letter via the U.S. Mail to:
- Craig Davis
- RetirementGuard, LLC
- PO Box 1686
- 333 Main Street
- Lakeville, CT 06039
- helpme@retirementguardcom
- toll-free:888.793.6111
- local:860.435.6622
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