money, long term care and hard decisions · money, long term care and hard decisions. l. ifecare ....

Best Practices for Planning Through Healthcare Events

Money, Long Term Care and Hard Decisions

LIFECARE AFFORDABILTY PLAN®

TOM WEST, CLU, CHFC, AIF®

PARTNER

Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

IMPORTANT INFORMATION

This information herein is for informational purposes only and is not intended as individualinvestment advice or as a recommendation of any particular security, strategy or investmentproduct. Investment decisions should be made based on the client’s specific financial needs,objectives, goals, time horizon and risk tolerance.

Investment return and share value will fluctuate. There is a risk of loss from an investment insecurities, including the risk of loss of principal.

The use of hypothetical examples are for illustrative purposes only and do not necessarilyreflect actual investment decisions.

SEIA does not offer tax or legal advice. Consult with an independent tax advisor or attorneyregarding your specific situation.

Services related to evaluating the client’s healthcare treatment plan are independent of and arenot endorsed by Royal Alliance Associates, Inc.

LIFECARE AFFORDABILTY PLAN®

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

NEW REALITY FOR SENIORS DURING COVID-19

Care Setting & Availability

Timing of Care Needs

Making Care Decisions

Competency

Willingness

Authority

Health Care Events

Complex Care

Dementia

Fall Risk

Mobility

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

NEW REALITY FOR SENIORS DURING COVID-19

Personal FinancialFamily Dynamics

Income

Assets

Costfor Care

Uncertain Financial / Real Estate Markets

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

CHALLENGES FOR DECISION MAKING

Income

Assets

Complex Care

Dementia

Fall Risk

Mobility

Competency

Willingness

Authority

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

Pre-Retirement Retirement Legacy

TYPICAL FINANCIAL PLANNING TIMELINE

PLANNING

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

Pre-Retirement

“UPDATED” FINANCIAL PLANNING TIMELINE

Retirement Legacy

The “job” of the money has

changed

PLANNING REACTING

Healthcare Stuff Happens

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

Pre-Retirement

“UPDATED” LEGAL PLANNING TIMELINE

Retirement Legacy

The “job” of the estate plan has

changed

PLANNING REACTING

Healthcare Stuff Happens

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

WHEN THE HEALTHCARE STUFF HAPPENS

Families look to the Senior Housing and Healthcare Professionals for advice and direction Home vs Community/Facility

Skilled vs Not Skilled

Treatment vs Comfort Care

Independent vs Assisted Living vs Nursing Home

And…Families regularly assume care is covered by Medicare/Insurance

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

DECISION MAKING CHALLENGES

• Not knowing how long will someone live

• Not knowing how much help will they need

• Will they be safe?• Tendency to procrastinate

until more or betterinformation presents itself

??

?

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

Pre-Retirement

WHAT SENIORS SOMETIMES DON’T REALIZE

Legacy

PLANNING REACTING

Options are taken away

Retirement

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

SENIORS SHOULD MAKE A PLAN

Written down Shared with loved ones Understandable without

translation

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

SENIORS SHOULD ASSEMBLE A TEAM

S E N I O R

C A R E G I V E R

A D V O C A T E

E S T A T E / E L D E R L A W A T T O R N E Y

H E A L T H C A R E P R O V I D E R

F I N A N C I A LA D V I S O R

Source: Amy Florian, Corgenius

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

ORGANIZING THE NEW SET OF PRIORITIES

Pre-Retirement Retirement LegacyHousing & Healthcare

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Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.

LIFECARE AFFORDABILTY PLAN®

LIFECARE AFFORDABILITY PLAN®

A plan based on an in-depth discovery process of the

client’s healthcare, legal, and financial circumstance

www.lifecareaffordability.com

844-347-2344

www.lifecareaffordability.com

QuestionsTom West, CLU, CHFC, AIF®

Partner

LIFECARE AFFORDABILTY PLAN®

Securities offered through Royal Alliance Associates, Inc. (RAA) member FINRA/SIPC. Advisory services offered through SEIA, LLC. RAA is separately owned and other entities and/or marketing names, products, or services referenced here are independent of RAA. Lifecare Affordability Plan® is a marketing name for SEIA. Services related to evaluating the client's healthcare treatment plan are independent of and are not endorsed by RAA.