Ron Baker is Vietnam Era Veteran, Holds a B.S in Management, a member of the VFW, American Legion, Georgia Gerontology Society, Eldercare Matters Alliance and has been involved in Canine Rescue for decades. He is a licensed Insurance Agent in Georgia.

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There are multiple forms and purposes of Life Insurance ; besides providing family security as the obvious purpose other uses are as tools providing asset protection and estate planning and preservation, charitable contribution, and generational wealth transfer, tax free inheritance business succession and continuation. Some policies incorporate Long-term care benefits, Proceeds of Life insurance are generally lawsuit, creditor and probate protected, thus are efficient family, estate, business, tax, and even divorce protections.

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Some types of Life insurance are Term, (which are typically 10, 20,25, and 30 year terms, and done), and Permanent such as Whole life and Universal Life, then Asset Based , (which offers A death benefit and a Long-term care benefit, eliminating the problem associated with conventional Long-term care policies; “use it or lose it”, including all the premiums paid in. Now day’s straight LTC policies are more difficult to get through health underwriting, and of considerable expense. Asset based often have a Principle protection, Death benefit and a Long term care component.

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I have through education informed countless area families resulting in their own successfully obtaining the VA Improved Pension, “Aid and Attendance” benefit & avoiding disqualification due to common misunderstandings and misinformation. The VA “Aid and Attendance” benefit helps relieve financial hardships, the pre-planning involved is, as appropriate, melded to be an element of proper preparation for MEDICAID, in so far as preserving & protecting assets, slowing the depletion of assets, and preserving legacies. Associations with and access to local VA accredited & Elder law attorneys, by referral, (as required), for those requiring legal documents and consultation.

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Convert A Seniors EXISTING Life Policy into LTC Payments! My practice has unique ability to utilize Existing Life Insurance policies by converting those EXISTING Life Insurance policies into a LTC benefit, as a means of funding, or assistance in funding, Home Care, Assisted Living, Memory Care, and private pay Skilled Nursing. This falls hand in hand with planning for senior care, and asset preservation. There is no charge to the family for this conversion, and we personally assist with the details .This is Medicaid approved and encouraged! It is tax-free.

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It has happened that a family may (without knowing he options) may choose to let a Life policy lapse, in favor of paying for care; a mistake to be sure, don’t waste that “investment”, a converted policy never requires further premium payments. Do not let the insurance company say it can’t be done, and do not take surrender value from them without consulting us.

They may say since it is term or group it has no value, and give you the choice to pay or lapse. One of my clients was given that choice, but thru our service he netted over $60,000! All results are individual. It’s not only beneficial to the Senior in obtaining the best care scenario, but also to families who may run out of money, or may afford care for a short time only, or not at all!

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We regularly provide through planning asset protection; establishing valid asset transfers, & transfer dates. Those aware of the ramifications of Medicaid & its relationship to estate planning, generational wealth transfer, and leveraging of assets to dramatically increase estate values, gifting, and ability to “cure the gift” , regarding Medicaid look back are aware of the wisdom in this planning, and others come to learn.

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Contrary to popular misunderstandings; having $200,000 or $400,000 , does not exempt one from the ravages of funding Long term Care, debunking the myth ” Dad has $400,000; why are you speaking to me about Medicaid”?

Children of aging parents see the possibility of the potential need for Long term care themselves, our planning allows for their protection, without the “conundrum of USE IT or LOSE IT, as with conventional hard to get, and expensive LTC policies.

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The Funeral Trust we offer is just one more tool in our cabinet, It established an IMMEDIATE Medicaid approved transfer, and eliminates the Funeral home as being a beneficiary, is good anywhere (portable). In Georgia it is Medicaid Approved for up to $10,000 per person including children of the parents, and their spouses! A Funeral Can save tens of thousands from being lost to a Nursing home, to qualify for Medicaid immediately. A funeral Trust is Medicaid Exempt from ‘Look Back, It is not purchased a funeral home, is portable to ANY funeral home, and the Funeral home is aware of the budget available beforehand, It is protected from Nursing Home or other creditor attachment, and can be gifted to the spouse and the children and their spouses as a valid Medicaid spend down, if arranged BEFORE applying for Medicaid.

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Federal Government employees at their request can receive a no cost evaluation of the effectiveness and value of their current group FEGLI coverage, and how it interfaces with their estate planning, family protection and overall cost, including in later years, before and after retirement.

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Ron can be reached at 404-856-0656, Fax 770 783 8835, his email is clairmont1924@gmail.com office hours by appointment, 1924 Clairmont Rd, Suite 110 Decatur GA 30033

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