Experience is a hard teacher, the test is given first and the lesson is afterward

1900 North 18th Street, Suite 205, Monroe, Louisiana 71201, United States
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(318) 582-5225 or 877-LTCINOW 877-(582-4669)


LTCI Now, LLC

Life Settlement Broker & Long Term Care Insurance

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Get the right plan for peace-of-mind!

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exclusive partner in the life settlement market

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The Ashar Group

Ashar Group, LLC serves as a strategic partner and complete solution  specialist in the Secondary Market.  We are a team of highly skilled experts who work on behalf of financial  advisors, trustees and other financial practitioners to find, negotiate  and secure the true market valuation for their clients' life insurance  policies in the secondary market. Our unparalleled staff of  professionals combines years of experience in the Life Settlement  market.  We are committed to attending to the needs and welfare of each  individual client. We pride ourselves on integrity and the ability to  identify the viability of a potential case quickly.  Relationships and communication are the foundation for your experience  with the Ashar Group. We understand that communication is the key to  developing a profitable business for advisors in today's competitive  market and we pride ourselves on being proactive, diligent and  transparent.  As economic and demographic circumstances emerge to create a demand for  liquidity and cash flow solutions, Ashar is well-positioned to meet  those needs head on. 


Why Ashar?  As Secondary Market Specialists with over 15 years of experience in this  unique and evolving sector, Ashar helps clients appraise, negotiate and  monetize their life insurance and annuity assets with extraordinary  care and professionalism. To accomplish this goal consistently and  without compromising our advisors' reputations or time, we leverage the  following critical factors:  1. The Power of Relationships  We're in it for the long haul. Because of our approach and track record,  Ashar enjoys preferred status with institutional funding partners,  advisors and industry experts. Our meticulous reputation, precision and  experience are always a value to our clients.  2. Protected Advisor and Client Experience  We understand the advisor's world. We know that in order to preserve the  relationship with the advisor, our role is to enable the advisor to  serve the client. It is this insight that propels us to create smarter,  simpler solutions and deep support for our clients.  3. Secondary Market Insight  The secondary market is evolving quickly. Ashar is positioned to serve  advisors and their clients in the coming decades. Our industry  experience, preferred status and unique offerings enable us to deliver  consistent and trustworthy results to our clients.    

Life Settlement FAQs

  

What is a life settlement?

A life settlement is a financial transaction in which a policyowner sells his or her life insurance policy to a licensed life settlement provider for more than its cash surrender value.

What types of life insurance policies qualify?

Most types of life insurance qualify, including universal life, whole life, variable life, survivorship, group life and even term life.

Can I sell a portion of my life insurance policy?

It is possible to sell your policy, eliminate premium payments and keep a portion of the death benefit.

How can a life settlement help me?

Selling your policy can supplement your retirement income, free up cash that was being used to pay premiums, fund a long-term care policy, cover unexpected medical expenses or pay off debt. In fact, you can use the money for anything you choose.

And if you still need insurance, you can retain a portion of your coverage while eliminating your ongoing premium payments.

How much could I expect to receive if I sell my policy?

Policyowners who choose to sell their policy receive on average more than four times what they would receive from surrendering their policy back to the life insurance company (London Business School Study, June 2013). Every case is different, however, and the size of the payment is determined by variables such as your health, the type of insurance policy you have and the policy’s premiums.

Do I qualify for a life settlement?

If the face amount of your life insurance policy is at least $100,000 and you have had a change in health, you may qualify to sell your policy.

To learn whether you are eligible to sell your policy you can call us at 877-LTCINOW or 877-582-4669.

Can I use the cash from selling my policy any way I want?

There are no restrictions on the use of the proceeds. Many policyowners use the money to fund long-term care insurance, cover medical costs and/or supplement their retirement income. The choice is yours.

How are life settlements taxed?

The Tax Cuts & Job Act of 2017 (TCJA) simplified the tax consequences of selling your policy. Unless an exception is met, the sale proceeds will be taxed as follows:

  1. Tax Free – Proceeds you receive up to your tax basis      (i.e., the total amount of premiums you paid over time) are not taxable;
  2. Ordinary Income – Proceeds you receive in excess of      your tax basis up to the amount of your policy’s cash surrender value are      taxed as ordinary income; and
  3. Capital Gains – Remaining proceeds are taxed as capital      gains.

However, for insureds who meet the IRS definition of “terminally ill individual” or “chronically ill individual,” the entire amount of the sale proceeds can be received tax-free1.

Is my information kept confidential?

Keeping your personal information private is extremely important to us.

Viatical Settlement Financial Assistance

American Life Fund

Now  there is a new financial solution to help those with a Life-Threatening  Illness, such as Cancer. Through this stressful time, you can actually  sell all or part of your life insurance policy for immediate cash and no  longer have to pay the premiums.


Why Sell Your Life Insurance Policy?

  • Pay Medical Bills
  • Pay Living Expenses
  • Replace Loss of Income
  • Immediate, Tax Free Cash
  • Easy to Fill Out Application

How to Qualify

  • Individual with late-stage cancer or a life-threatening illness
  • Currently own an existing life insurance policy valued at $100,000 or more
  • Term, Group, Whole Life & Universal Life Policies

Example Illustration:

  • A person with Stage IV cancer diagnosis
  • Life insurance policy with a face amount of $200,000, but only wants to sell $100,000 of the existing policy
  • An offer of 70% ($70,000) is presented for the purchase of the life insurance policy.

Schedule Your Free Assessment Today!

Click for video on website; Referral Code on Application is "LTCI"

Click for video on website; Referral Code on Application is "LTCI"

Why Long Term Care Insurance?

Attorney - Harley Gordon

  • Nationally recognized Expert on Long-Term Care
  • 35 Years Helping Families Plan
  • Founding Member of the National Academy of Elder Law Attorneys

About Us

Protecting Futures

We have years of long term care insurance experience helping clients prepare for the unknown. Ask us about:

  • Long Term Care Annuities
  • Long Term Care Insurance
  • Short-Term Care Insurance
  • Insurance Coverage for those currently receiving long term care

We can access many different insurance products so you can get the right one for you.

Assessing Need

Many financial experts will tell you some unforeseen events and a lack of the right kind of insurance can spell trouble quickly. Call us today, and we'll analyze your insurance needs and get you covered quickly at the right price.


Building Relationships

Everyone has different insurance needs. Call us today for a personalized business or individual assessment and find out how we can help protect your hard-earned assets.

Our Team

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Rod Milliman, Managing Member

After graduating from University of Southwestern Louisiana (USL) now ULL, Rod began his career in insurance June 1990 in the field of Health Insurance.  In 1993 he pursued an opportunity in the medical supply business and started a company called Healthcare Warehouse.  Over a span of 12 years the business grew to be very successful.  In 2008, Rod sold his interest in Healthcare Warehouse to pursue other business ventures.  After investing in various opportunities, he began a career in the Insurance industry again, this time specializing in Long-Term Care Insurance.  He has been married to Lynn Milliman since 1994 and they have 2 daughters, Taylor who is a RN at Our Lady of The Lakes Hospital in Baton Rouge and Haylee who graduated from LSU in Accounting and is currently in Law School at Paul Hebert School Law Center on the LSU Campus in Baton Rouge, LA.


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Shane Davidson

  

Shane’s career in the healthcare industry began as an EMT-Paramedic in 1990 with American Medical Response. Working as a Field Paramedic until 1998, he was promoted to Director of Operations of North Louisiana and Eastern Mississippi. In 2003, he realized the enormous need for Non-Medical Home Care Services in his region and across the country and began researching the increasing aging population along with the Baby Boomer population. His research led him to leave EMS and embark on a new business opportunity. In December 2003, he started Americare, a State Licensed, Non-medical home care company whose focus is to assist the elderly, developmentally disabled, and disabled Veteran to remain independent in their homes as opposed to being institutionalized. He currently employs 150 healthcare professionals and provides services to 12 Parishes across North Louisiana. 


With the increasing costs of healthcare, including long term care, many families wish to keep their loved ones living independently at home but are unable to afford it. This financial challenge led Shane to partner with LTCI Now, a Long-Term Care and Viatical Settlement Broker.

Long Term Care Insurance, Annuities & Traditional

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The Reliable Living Plan

 

INCOME YOU CAN COUNT ON, WHEN YOU NEED IT MOST.

                                       NOW!

A Reliable Tax-Free Solution to help you confidently cover the cost of long-term care "when you are currently receiving the care", either with Home Health, in an Assisted Living or in a Nursing Home Facility.

Reliable Living Plan Video
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Long Term Care Coverage

 We can look into several ways of covering the expense of an extended stay event.  One way is with a Single-premium tax-deferred annuity with qualified long-term care benefits for non-qualified funds only.  We also have long term & short term care insurance policies.  These all cover  services like Home Care, Home Health Aide, Home Maker Services, Chore Services, Nurse & Therapist, Personal Care, Respite Care, Adult Day Care, Assisted Living Facility, Bed Reservation, Nursing Home Facility and Hospice Care. 

Worksite Long-Term Care Insurance

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Employer Offered Long-Term Care Coverage

Long Term Care Coverage

 

When  your employees face a chronic illness or disability, they may need help  with things like eating, bathing and dressing. Getting this type of  assistance can be expensive. And health insurance typically does not  cover this type of care.


Now you can offer them a long-term care insurance plan from Mutual of Omaha and receive a 5% common employer discount that includes:

   

  • Coverage for home care, assisted living, adult day care or nursing facilities
  • Home Modification and Supplemental Products benefit to help live more securly and independently at home
  • Care advisor services that are available on the first day of coverage and may extend to other family members

Short -Term Care (Recovery Care)

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Because you care about your care

You can plan now for the level of care and comfort you deserve in case of an accident or illness that requires assistance and care during an extended care event.

Expecting the unexpected

Whether you are working or retired, it is important to consider the cost of health care and how an unexpected accident or illness could impact you & your family's finances.


Health care is constantly changing and the cost are increasing.  Hospital confinement is expensive, sometimes resulting in shorter hospital stays followed by costly rehabilitation and therapy.


At least 70% of people over 65 will need long-term care services and support at some point.  Even those who lead a healthy lifestyle may be at risk of experiencing an unexpected need for short-term care due to the onset of health issues and disabilities.


The U.S. government estimates that the average cost of nursing facility care is approximately $72,000 per year

Freedom to choose

Who would choose the nursing facility, hospital or home care provider for your shot-term care event.


You would.  Just the thought of not being in our own surroundings and in control of our lifestyle in uncomfortable.  But, an accident or chronic illness may leave you with no other choice for your care during an extend care event.


A Short-Term Care insurance plan gives you the freedom to choose how you want to recover and where.  You choose the nursing facility or the hospital or the provider (based on the plan options you select).

Our Solutions for Protection. Your Choice

Benefits are paid directly to you, or a medical provider that you designate, and are paid in addition to any other health care coverage.  The benefits and premiums for this plan will vary based on the plan options selected.


Benefits include, Daily Nursing Facility including assisted living and Bed Reservation

The Benefits Available:

  • up to $300 daily maximum
  • choices of covered days: 90, 180, 270 or 360 days
  • with a lifetime maximum equal to twice the number of covered days
  • with choice of waiting periods:  0, 20, 100 days
  • issue age 50-89 (age of last birthday)


Optional Home Care Rider

Benefits Available:

  • up to $1200 weekly maximum
  • with choice of covered weeks:  13, 26, or 52 weeks
  • with a lifetime maximum equal to twice the number of covered weeks
  • issue age 50-89 (age of last birthday)

This rider pays a benefit for each week you receive 3 or more professional home care service visits of at least one hour per visit in your home, provided you cannot perform 2 or more ADL's or you have cognitive impairment.

Fixed Annuity with Long-Term Care Benefits

Fewer than one-third of Americans age 50 and over have begun saving for long-term care (LTC)

Could you pay $70,000 per year to stay in a nursing home?  You may have money set aside in savings or investments to self fund your long-term care cost, but you may sacrifice growth opportunities or risk exposure to equity market volatility.  Many people turn to traditional long-term care insurance; however, if you don't use the coverage, it could be quite costly.


What you need is a strategy that:

Offers growth potential

  • Maximizes your long-term care dollars, and
  • Allows you to pass on unused funds to your beneficiaries


You need ForeCare, an innovative fixed annuity with long-term care benefits that provides a multiple of your contract value for qualified long-term care expenses.


Benefits of a ForeCare fixed annuity

Because ForeCare is a fixed annuity you can participate in both protection and accumulation benefits.


  • The interest crediting is guaranteed to never drop below 1%
  • The growth of your contract value is tax-deferred, and
  • You don't risk equity exposure.


Long-term care benefits

Unlike a traditional long-term care product, with ForeCare any contract value not used for long-term care can be passed to your beneficiaries as a death benefit.  However, there is a monthly cost associated with the long-term care benefits rider, which is based on the insured's age.


ForeCare also offers other unique benefits.


  • Principal protection - Your contract value at month-end (less any applicable withdrawals) due to the cost for the long-term care benefits rider.


  • Tax Advantages - Qualified long-term care withdrawals are typically federal income tax free and your contract growth is tax-deferred.


  • 2x/3x coverage - The ForeCare Multiplier provides double or triple (depending on underwriting eligibility) the amount of the contract value in long-term care expenses.  The additional coverage excess of the Contract Value is only available to use for a qualified long-term care benefit and will not become part of the contract value or death benefit.

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Contact Us

LTCI Now, LLC

1900 North 18th Street, Suite 205 , Monroe, Louisiana 71201, United States

(318) 582-5225 office
(318) 348-9378 cell

Hours

Monday - Friday: 8:30am - 5pm

Saturday: 9am - 4pm

Sunday: Closed