Direct Insurance Podcast - DIP!

Your Parents' Life Insurance Could Pay for Their Care (with Chris Orestis, Retirement Genius)

Insurance Advisors Direct Season 3 Episode 2

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0:00 | 17:20

Most families walk into an assisted living facility with no long term care insurance, assume Medicare will cover it, and leave with no answers. What they often do not realize is that a life insurance policy they already own could help pay for that care.

Chris Orestis, President of Retirement Genius, joins the Direct Insurance Podcast to break down the Big Five private pay solutions for long term care, including the life settlement option that most families and agents have never considered.

In this episode:

  • The Big Five private pay solutions every agent and family needs to know
  • Why Medicare does not pay for long term care, and what actually does
  • How a life insurance policy can be sold while you are still alive to fund care
  • Why life settlements often pay out more the older and sicker the policy owner is
  • The difference between surrendering a policy and settling it for its market value
  • Who qualifies for a life settlement, and what the process looks like start to finish
  • Why 90% of term life policies are never claimed, and what that means for seniors

About the guest: Chris Orestis is the President of Retirement Genius, an information and resource platform that helps people build a well balanced retirement through financial, health, long term care, and lifestyle planning.

Connect with us: 

Website: www.iadbrokerage.com 

Phone: 800-381-0977 

YouTube: www.youtube.com/@iadbrokerage

 Facebook: www.facebook.com/InsuranceAdvisorsDirect 

LinkedIn: www.linkedin.com/company/insurance-advisors-direct-agency 

TikTok: www.tiktok.com/@insuranceadvisorsdirect

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