• WHY LONG TERM CARE? (LTC)

     

     

    • Long Term Care (LTC) is costly. An assisted living facility will typically cost about $5000 per month. A nursing home will cost even more. If you have not planned for this cost, the financial and emotional impact on your family could be devastating.
    • There is a 30 to 43% chance that you will be either physically or cognitively impaired later in your life and would need LTC. Think about family or people you know who have had strokes, Dementia, Parkinsons, Alzheimer's disease or been involved in a bad accident. When and if such an event happens, it will be too late to come up with a plan.
    • Many of us are fortunate to enjoy a comfortable standard of living in our younger years. We owe it to ourselves and our families to make the investment in LTC, so that we are not in a less than desirable circumstance or even 'suffer' in our later years.
    • LTC Premiums are costly. We can offer creative solutions, including the use of tax dollars or the use of existing portfolios for a single premium approach.

    For Life Insurance click here.  For Annuities click here. For Disability click here.

     

     

  • SELF FUNDED, TRADITIONAL, HYBRID AND MEDICAID LTC

     

    • SELF FUNDED: You have lots of investments that can be liquidated, if needed. These events are taxable. The funds may not be enough to cover costs. 
    • TRADITIONAL: This is the lowest cost option that will meet your needs. It's like medical insurance, you use it or lose it. Premiums are not guaranteed and can increase. I work with the best Carriers in this space and can offer robust solutions.
    • HYBRID: These are policies that are built on Life Insurance or Annuities chassis and the emphasis is on LTC. Life Insurance Hybrids are typically 10 or 20 pay - we offer creative ways to pay the premium using tax deductions or pre tax dollars. Annuity Hybrids are typically single premium. I work with the best Carriers in this space.
    • LIFE INSURANCE OR ANNUITIES WITH LTC RIDERS. These are very good for LTC needs but the emphasis is on Accumulated Value/Death Benefit for Life Insurance or Accumulated Value/Lifetime Income for Annuities. I recommend FIUL or FIA products under LIFE INSURANCE or ANNUITIES tabs respectively.
    • MEDICAID: One has to be impoverished to claim LTC. Some try to beat the system and get rid of their assets prior to the claim. Medicaid can come after these assets, even if they have been passed onto someone else. There are some partnership programs in some States, where some of these assets can be protected. The quality of facilities offering Medicaid LTC is poorer than regular facilities.
    • NOTES FOR ALL PRIVATELY FUNDED LTC EXCEPT FOR SELF FUNDED: Try and get signed up while your health is still good. Costs go up if you have health conditions or you can even be denied. The bar is higher than for Life Insurance. Also, an HSA account can be used to fund the premium and the LTC portion can be a deductible expense for a business.

     

     

     

     

  • WHY US?

    We promise to be a trust worthy provider. Integrity and honesty are key values

    broken image

    It will be a rational journey not an emotional journey.

    Many other successful sales are 'emotional' sales where someone says 'imagine what would happen...' Our sales are rational sales based on facts and information.

    broken image

    We will communicate when needed

    We will communicate as needed and regularly regarding items that need follow up, if you have a concern or claim.

     

    broken image

    YOU WILL HAVE A CHOICE OF MULTIPLE CARRIERS

    As an independent Insurance Agent, we provide access to the highest-rated carriers in the industry. We are committed to providing the best service and sales support to our clients

    broken image

    We will offer solutions that meet your needs

    This about you! We will find solutions that address your needs or point out a solution that will benefit you or your family. We do not say: fill in the form and we will quote you in minutes, as there may be better options for your needs and we would like to review those with you, prior to you making a decision.

    broken image

    No detail is too small

    Some products are complex and we recommend that you make an effort to understand the basics and impactful detail. We will be happy to spend the time to go over this with you, so you understand the pros and cons. Beware of the 'buzzword' sale where someone drops a buzzword and a number claiming their product is better, without making sure you understand what you're paying for in plain English. Many times the 'buzzword' product is not the right fit for you or your needs.

    broken image

    We will be transparent

    All solutions have Pros and Cons. We will do our best to point out both Pros and Cons, so you have the information needed to make an informed decision that's right for you.

  • ABOUT US

    Raj Nallathamby

    Raj is the owner and President of Ormond Annuity and Insurance Solutions, also known as ORMONDAIS. Raj completed an MBA at New York University (NYU). He worked for many years as a Vice President of financial systems and products at major Banks. He managed multimillion dollar budgets. During this time, he gained a sound knowledge of financial services, regulatory compliance, information security and risk management. He brings these skills and experience to his new business.

  • Contact Us

    We are licensed in the States of FL, CT and VT. For other states we need to get licensed prior to a consultation. Our main focus is the State of Florida. Let us know the best time to call. We do not share or sell your personal information. See here for our Privacy Policy. Insurance Companies are highly regulated and they all have Privacy Policies that include safeguarding your personal information. Our email is below. Phone (386) 347-0180. Our short name is ORMONDAIS. ORMOND A - I - S

  • Connect With Us

    Make sure to add links to the icons!

    ormondais@outlook.com

    ormondais@outlook.com

    broken image

    (386) 347 0180

    broken image

    @ANNUITYINSLIFE

    Cookie Use
    We use cookies to ensure a smooth browsing experience. By continuing we assume you accept the use of cookies.
    Learn More