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SMA Services, Inc. Subsidiary:
SOMED Financial, LLC
 
Insurance Products
Long Term Care
 

Help protect your independence and your choices
Underwritten by General Electric Capital Assurance Company

Wouldn’t you want to know about a major risk to your financial, physical and emotional well-being? Sure you would. But most people are not aware of the risk associated with the need for long term care. When it’s expected that at least two out of every five Americans are likely to need nursing home care at some point in their lives, 1 you realize that you should consider long term care insurance to lessen this risk.

The problem.
Today, 8 million Americans are receiving some form of long term care.2 And the costs of these services can be staggering. A year in a nursing home now averages more than $50,000 nationally, and can exceed $100,000 in some parts of the country. 3 Round-the-clock home health care is generally even more expensive. And only those with negligible assets qualify for Medicaid. You could try Medicare, but many people are shocked when they discover that Medicare doesn’t pay most nursing home bills. You could rely on your family, but they may not be in the financial position to help. Or you can turn to a realistic alternative: long term care insurance. So, those are the facts. It doesn’t take much to imagine the effects of these circumstances on your life and the lives of those you love. But with some simple planning, you can avoid these risks.

The solution.
Long term care insurance helps cover the costs of long term care. It can help you maintain your independence, provide sound financial protection, and give you peace of mind.

GE Capital Assurance offers comprehensive, flexible long term care insurance designed to meet your personal needs, by letting you select the benefits you want.

Care where you need it most.
GE Capital Assurance’s long term care insurance plans offer benefits for care in a variety of settings. And since most people would rather stay in their own homes when they need long term care, we also offer an innovative care coordination benefit. A care coordinator will help you coordinate the care you need to live independently in the comfort of your own home. Best of all, the caregivers you use can be independent and do not have to be affiliated with a home health care agency.

1 Time Magazine, August 30, 1999
2 Boston Globe, June 21, 1999
3 New York Times, February 16, 2000

Choose the leader
General Electric Capital Assurance Company is that company.

Look at our track record.

  • Our Long Term Care Division pioneered long term care insurance more than 25 years ago.
  • We are a member of the General Electric family of companies—GE was selected as “America’s Most Admired Company” in both 1999 and 2000 by Fortune magazine.
  • Our ratings from independent analysts are outstanding:


A.M. Best
Financial strength and
operating performance 
A+ Superior 
Standard & Poor’s
Claims paying ability
AA Very Strong
Moody’s
Financial strength
Aa2 Excellent
  • We honor our commitments— we have paid over $675 million in claims.*
  • We are endorsed by many major national and state organizations.
  • We have over $17.6 billion in assets, $15.4 billion in liabilities, and $2.2 billion of surplus.

*As of 12/31/99
© 2001 GE Capital Assurance

Click here  for more information.


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