Free LTCI for Veterans?

The Rabbi · 06-03-2008, 02:05 PM

Can someone decipher this article please. Is there an opportunity here to write policies?

Free long term care insurance for America’s veterans - A2Z Annuity Marketing, Inc. - on ProducersWEB.com

arnguy · 06-03-2008, 02:56 PM

This sounds similar to the VA Medical Benefits Program for veterans. The qualifications appear to be exactly the same. The best thing is to go to the Department of Veterans Affairs website for details. IMO there is no opportunity to write this program just as there is no opportunity to write the medical program because it is administered entirely by the VA. Now if you want to write some zero premium life insurance, send me $10.00.

patch36 · 07-06-2008, 12:42 PM

It is simply an informational article to provide to your customers. Not everything we do has to result in a commission. Most older people can't pass underwriting and to offer them a solution to a serious problem is one of the things we should be doing.

DM77 · 08-02-2008, 05:01 PM

Something just doesn't seem right with that program. It's a private entity and they're just giving money away to eligible vets? Hmm...and how many veterans do we have?...plus spouses? Sounds too good to be true and it probably is.

However, how far would $22k/year go for LTC coverage? Here in Montana...maybe 45% (where I live the avg cost is $4k/mo). There's still a need. Even if you run into someone who's heard of this program and the program is legit, there's still a need for the rest of the funding.

TRK3031962 · 08-02-2008, 05:15 PM

Thanks for the info Rabbi...I know someone who could use this now! And it's also good to know for my future reference too as I'm a vet.

patch36 · 08-03-2008, 12:19 PM

There is no sales opportunity, but as a service I tell all my Veteran clients and acquaintances about the Aid and Attendance Pension. You can Google it or read about it here. Who's Eligible for the Aid & Attendance Special Pension