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Insurance presentation is musical

The Troy Rotary Club was treated to a musical presentation Tuesday afternoon unlike any others they have seen in recent months.

Mike and Nick Hooks are brothers and long-term insurance brokers who specialize in connecting clients with insurance companies. But they are also talented musicians who put together a medley of tunes that acted as an introduction to an informative presentation about life insurance and the state of financing long term care for senior citizens.

After Mike on guitar and Nick on bass tore through a collection of old-time hits, Mike Hooks spoke to Troy Rotarians about the sad state of the American health care system.

"Over half of all Americans over the age of 65 will spend time in a nursing home," he said.

He outlined shortcomings in Medicare and the problems experienced by people trying to fund assisted living or long term care for seniors. He said it cost between $30,000 and $50,000 to pay for a year of supervised care for an elderly person.

Offering a brief overview of how the life insurance industry operates, Hooks said daily benefits coverage could run from $40 to $300, depending on the size of the package. Benefit plans can be purchased to cover treatment for two or three years, or as long as the duration of a person's life after the illness.

Hooks cautioned Rotarians to buy insurance early.

"You've got to be in pretty good health to get insured and the younger you are when you buy it, the cheaper it is," he said.

The Hooks brothers offered to connect Rotarians to insurance companies and provide quotes for various long-term care packages.