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Legacy Marketing Group Introduces the Reliable Living Plan

A reliable, tax-free* solution to help consumers confidently cover the costs of long-term care.

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PETALUMA, CA, December 7, 2017—Legacy Marketing Group® is excited to introduce the Reliable Living PlanTM, a unique alternative to traditional long-term care (LTC) insurance, underwritten by Americo Financial Life and Annuity Insurance Company.

The Reliable Living PlanTM is single-premium LTC insurance for those age 65 or older who are either unable to perform at least two of six activities of daily living (such as bathing or dressing) or experiencing severe cognitive impairment. With no pre-existing health exclusions or maximum age restrictions, the Reliable Living PlanTM helps provide certainty to those who are paying for their own care or the care of an impaired family member.

The first of its kind in the market, the Reliable Living PlanTM meets an immediate need for consumers who are typically too old or too ill to qualify for traditional LTC insurance.

“There is a long-term care crisis in America,” said Preston Pitts, Legacy President. “For consumers who are paying their own LTC expenses, or the expenses of a family member, and want to maintain choice and control, the Reliable Living PlanTM can provide a great sense of relief. They will no longer be dealing with the uncertainty of where that money will come from. The Reliable Living PlanTM is designed to give these consumers the ability to convert a single premium payment into a lifetime benefit stream to help pay for care, subject to annual certification of impairment.”

Reliable Living PlanTM benefits are free from federal income tax* as long as they are used to pay for actual dollar amounts of qualified LTC expenses or do not exceed federal limits. These expenses can include home health care, adult day care, assisted living, nursing home, or memory care. Funding sources such as 1035 transfers from non-qualified annuities or cash value life insurance can be used.

“For those already impacted by the hardships of long-term care, the Reliable Living PlanTM can help them do proper planning and preserve assets while providing a guaranteed benefit stream for as long as the insured requires care,” Pitts said.
This new product is offered solely to Producers who are contracted with Americo through Legacy. It is currently available in 32 states.

About Legacy Marketing Group®
Legacy Marketing Group® works with respected insurance companies to design and market proprietary products for the U.S. market. These products are sold exclusively through Legacy’s nationwide network of independent insurance agents.

Media Contact:
Legacy Marketing Group®

John Abbott, Marketing and Communications Leader, 800-395-1053, Ext. 6930 john.abbott@legacynet.com

The Reliable Living PlanTM single premium immediate long-term care insurance policy (Series 600) is underwritten by Americo Financial Life and Annuity Insurance Company, Kansas City, MO, and may vary in accordance with state laws. Product distributed by Legacy Marketing Group®. Product and benefits may not be available in all states. Certain restrictions and variations apply. Policy and rider have limitations and exclusions. For costs and complete details of coverage, call the company. Legacy Marketing Group® is an independent, authorized agency of America.

* The Reliable Living PlanTM is intended to be a federally tax-qualified long-term care insurance contract under section 7702B (b) of the Internal Revenue Code of 1986, as amended. Under current IRS rules, benefit amounts that are in excess of the greater of (1) the stated per diem dollar amount allowable under section 7702B or (2) the actual dollar amount of qualified long-term care expenses, are taxable.

AF1247v1017
17-600-6 (10/17)

FOR AGENT USE ONLY. NOT FOR USE WITH CONSUMERS.

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