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Scientists from Polygon Labs and Leading AI Companies Leverage AI to Address Blockchain Security

As the Web3 industry rapidly expands into sectors like finance, supply chain, and healthcare, the growth of on-chain assets has soared to an unprecedented $2.5 trillion. However, with this rapid expansion comes an increased exposure to security vulnerabilities within on-chain smart contracts. These vulnerabilities have become a significant concern, with frequent incidents resulting in substantial financial losses and undermining trust and growth prospects within the industry.

According to incomplete statistics from SlowMist Hacked, there were 223 security events in the first half of 2024 alone, culminating in losses of up to $1.43 billion. This figure represents a staggering 55.43% increase compared to the same period in 2023, highlighting the urgent need for improved security measures in the blockchain space.

The root cause of on-chain security issues is multifaceted, often lying not just in the vulnerabilities of the smart contracts themselves but also in human factors. Developers face the insurmountable challenge of inspecting all historical code for bugs, while hackers continuously exploit existing vulnerabilities. Traditional security firms typically cater to major clients for auditing services, leaving ordinary users, developers, and small to medium-sized projects without adequate protection.

To address this pressing challenge, scientists and developers from the AI+Web3 lab Add Labs have launched the InfluxAI project. Add Labs, based in the UK, Africa, and the USA, was founded by David Adeola and consists of a team of seven members, including seasoned smart contract researchers from Polygon Labs and leading AI companies, alongside AI training and development experts. The renowned venture capital firm Harmon Venture, based in Hong Kong, has invested in Add Labs, recognizing the transformative potential of InfluxAI.

InfluxAI is pioneering a novel approach to blockchain security by introducing an AI-driven on-chain security model. This model leverages machine learning on historically attacked code to identify vulnerabilities, providing a proactive layer of protection. In addition to machine learning, InfluxAI employs oracles and big data analytics for real-time monitoring, enabling the prompt detection and mitigation of potential security threats.

One of the critical advantages of AI-driven on-chain protection is its superior accuracy and response speed compared to traditional security measures. This innovative approach offers proactive security assurances to over 200 million on-chain users, developers, and project teams, significantly enhancing the overall security landscape of the blockchain ecosystem.

InfluxAI offers a suite of products designed to cater comprehensively to the needs of users, developers, and projects:

Asset Guard for users: This tool allows users to verify the security status of smart contracts through AI-driven analysis. It evaluates transaction history, contract functionality, liquidity, ownership, and developer credentials, providing users with a clear understanding of the security risks associated with a particular contract.
Smart Detector for developers: This product includes SDK and linting tools designed to identify and fix contract errors during the development phase. By enhancing efficiency by up to 30% in smart contract deployment, Smart Detector helps developers create more secure contracts with greater ease and speed.
Loophole Solution for projects: This automated audit tool enhances audit efficiency and affordability for small to medium-sized projects. By ensuring transparency through blockchain-recorded audit results, Loophole Solution makes high-quality security audits accessible to a broader range of projects, fostering a more secure blockchain environment.

The launch of InfluxAI marks a significant step forward in the quest to secure the blockchain ecosystem. By leveraging the power of artificial intelligence, InfluxAI aims to provide comprehensive security solutions that address the unique challenges faced by users, developers, and projects in the Web3 space.

The need for robust security measures in the blockchain industry cannot be overstated. As the industry continues to grow and evolve, the importance of securing on-chain assets and smart contracts will only increase. InfluxAI’s innovative approach, backed by the expertise of scientists from leading AI companies and Polygon Labs, offers a promising solution to the pressing security challenges facing the blockchain ecosystem.

For more information about InfluxAI and its groundbreaking approach to blockchain security, visit https://www.influxai.io/

Media Contact
Company Name: InfluxAI
Contact Person: David Adeola
Email: Send Email
City: London
Country: United Kingdom
Website: https://www.influxai.io/

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To view the original version on ABNewswire visit: Scientists from Polygon Labs and Leading AI Companies Leverage AI to Address Blockchain Security

Jobs Report Release: Traders Turn to Galileo FX for Strategic Trading

NEW YORK, NY – AUG 2, 2024 – With the release of the latest U.S. jobs report imminent, traders worldwide are preparing to navigate potential market volatility. Galileo FX, an advanced trading robot, is becoming a go-to tool for traders seeking to optimize their strategies and manage risks effectively during this critical economic event.

Jobs Report Overview

Economists anticipate the addition of 185,000 jobs in July, maintaining the unemployment rate at 4.1%, with annual wage growth slowing to 3.7%. As these figures can significantly influence market movements and Federal Reserve policy decisions, traders are on high alert.

Using Galileo FX for Different Scenarios

Traders are leveraging Galileo FX’s automated settings to respond to various potential outcomes of the jobs report:

Better-than-Expected Report: Traders use momentum trading strategies, setting Galileo FX to buy on upward price movements while applying tight stop-losses to manage risk.
In Line with Expectations: Range trading strategies are popular, with settings to trade within key support and resistance levels, maintaining controlled risk management.
Worse-than-Expected Report: For a disappointing jobs report, traders opt for trend reversal strategies, shorting major indices or stocks showing downward trends, confirmed by technical indicators.

Real-World Application

John Kopp, an experienced trader based in New York, shares, “Galileo FX has been instrumental in helping me navigate the jobs report. The automated settings allow me to adjust my strategies quickly based on real-time data, which is crucial during such volatile times.”

Global Adoption

With over 9,000 clients in more than 80 countries, most notably in the United States, Galileo FX is gaining traction among traders for its ability to enhance trading efficiency and risk management.

About Galileo FX

Galileo FX is a trading robot developed by Orion Software Development SRL, designed to automate trading strategies and improve decision-making processes. The team behind Galileo FX includes experts from leading companies such as Microsoft, Apple, and Google, ensuring cutting-edge technology and innovation in trading.

For more information on Galileo FX and how it can assist during the jobs report, visit Galileo FX.

Media Contact
Company Name: Galileo FX
Contact Person: Support Team
Email: Send Email
Phone: +1 (646) 798-8279, +39 0575 123456
Address:99 Wall Street #1589
City: New York
State: NY 10005
Country: United States
Website: https://www.galileofx.com

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To view the original version on ABNewswire visit: Jobs Report Release: Traders Turn to Galileo FX for Strategic Trading

Are Jamaican Athletes the Modern-Day Spartans?

The Jamaican team heading to the 2024 Paris Olympics is a formidable assembly of 66 elite athletes, each excelling in their respective fields. This squad, often likened to modern-day Spartans, is poised to make a significant impact on the global stage. Jamaica, renowned for its athletic prowess, has produced some of the world’s fastest sprinters, including the legendary Usain Bolt, who still holds the world record for the 100 meters at 9.58 seconds and the 4×100 meters relay.

Jamaica’s women sprinters are equally dominant, consistently setting the pace and securing top positions in international competitions. Their experience and speed make them formidable competitors in every race they enter. Jamaica is not just an island; it has become a brand synonymous with excellence in track and field. Wearing yellow, green, and black is a symbol of competitive threat, as highlighted by Byron Aris, Founder and CEO of Hailup Influencers Inc.

Hailup Influencers Inc. is a mobile app designed to connect global fans and brands with influencers from Jamaica and the Caribbean. Aris is excited about the app’s upcoming launch, which will feature profiles of the 66 Jamaican athletes representing the country at the 2024 Olympics. The app will be launched after the Olympics, allowing fans to interact with their favorite athletes through video and text requests.

Fans also can financially support these athletes through the Hailup app. Aris believes this app will revolutionize how athletes, celebrities, and influencers engage with their supporters and generate new revenue streams. “I am truly excited to bring this to the Caribbean,” Aris stated, emphasizing the potential impact on the athletes’ post-Olympic careers.

As Jamaica’s athletes prepare for Paris, the world watches with anticipation, knowing that these modern-day Spartans are ready to conquer the track once again.

Media Contact
Company Name: Hailup Infuencers Inc
Contact Person: Augustus Aris
Email: Send Email
Phone: 470-519-6795
City: Atlanta
State: GA
Country: United States
Website: https://hailupinfluencers.com/

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: Are Jamaican Athletes the Modern-Day Spartans?

Organic CBD Blog Unveils Comprehensive Guide on Full Spectrum CBD: Cannabinoids, Terpenes & Flavonoid Benefits

Organic CBD Blog Unveils Comprehensive Guide on Full Spectrum CBD

Empowering Consumers with In-Depth Knowledge on the Benefits of Full Spectrum CBD

Organic CBD Blog, a premier CBD retail company dedicated to promoting health and wellness through high-quality, organic CBD products, is excited to announce the release of its latest educational resource: the “Full Spectrum CBD Guide: Cannabinoids, Terpenes & Flavonoid Benefits.” This comprehensive guide aims to provide consumers with a deeper understanding of the various components of full spectrum CBD and their potential health benefits.

Full spectrum CBD products are known for their holistic approach to wellness, leveraging the synergistic effects of cannabinoids, terpenes, and flavonoids. These naturally occurring compounds in the hemp plant work together to enhance the therapeutic benefits of CBD, a phenomenon often referred to as the “entourage effect.” The new guide from Organic CBD Blog delves into the science behind this effect, offering readers a detailed exploration of how these compounds interact within the body.

In the guide, readers will find a thorough breakdown of the primary cannabinoids found in full spectrum CBD, including CBD (cannabidiol), CBG (cannabigerol), and CBC (cannabichromene). Each cannabinoid is examined for its unique properties and potential health benefits, providing a well-rounded understanding of their roles in promoting wellness.

Additionally, the guide highlights the importance of terpenes, the aromatic compounds that give hemp its distinctive scent and flavor. Terpenes such as myrcene, limonene, and linalool are explored for their therapeutic properties, including anti-inflammatory, anti-anxiety, and pain-relief effects. The guide also covers flavonoids, the plant compounds known for their antioxidant and anti-inflammatory benefits, further emphasizing the comprehensive nature of full spectrum CBD products.

“At Organic CBD Blog, our mission is to educate and empower our customers with reliable information and exceptional products. We believe that understanding the full spectrum of compounds in CBD products is crucial for making informed decisions about health and wellness. Our new guide is a testament to our commitment to transparency and quality,” said Larry D Keen, CEO of Organic CBD Blog.

Organic CBD Blog ensures that all its products are sourced from the finest organic hemp and undergo rigorous third-party testing for purity, potency, and quality assurance. By providing this detailed guide, the company continues to uphold its dedication to transparency and consumer education.

Discover the benefits of natural wellness with Organic CBD Blog and explore the new “Full Spectrum CBD Guide: Cannabinoids, Terpenes & Flavonoid Benefits” to make informed choices about your health and wellness journey.

About Organic CBD Blog

Organic CBD Blog is a premier CBD retail company dedicated to providing high-quality, organic CBD products that promote health and wellness. Our mission is to educate and empower our customers with reliable information and exceptional products sourced from the finest organic hemp. Committed to purity, potency, and transparency, Organic CBD Blog ensures every product is third-party tested for quality assurance. Discover the benefits of natural wellness with Organic CBD Blog.

For more information, visit www.organiccbdbog.com

Disclaimer: All products mentioned in this press release comply with the 2018 Farm Bill and all state and local regulations.

Media Contact
Company Name: Organic CBD Blog
Contact Person: Larry D Keen
Email: Send Email
Country: United States
Website: https://organiccbdblog.com

‘In the Shadow of the Linney’ by Cora BB: A Tale of Survival, Love, and Heartache

2nd August, 2024 – Cora BB is thrilled to announce the release of her latest book, ‘In the Shadow of the Linney‘ This captivating tale invites readers to step into the shoes of a spirited girl from Ludlow, Shropshire as she deals the trials and triumphs of life in a bygone era.

The story begins at Elizabeth’s graveside, where her family gathers to mourn her sudden passing. From there, readers are transported to Nag’s Head ale house and Elizabeth’s home in Nag’s Head Yard, where they reminisce about the mother, they thought they knew.

Follow Elizabeth’s journey from her teenage years, filled with hopes of escaping the poverty she despised, to the hardships of a prison sentence in Shrewsbury gaol. Along the way, she encounters the men who shaped her life and the tenacious friendship she forged with Maggie, a prostitute who befriended her after they met in prison.

One of the central questions posed in the book is the impact of Daniel McCarthy, Elizabeth’s first lover, throughout her life. Additionally, readers are left to ponder the true nature of Superintendent Bains’ relationship with Elizabeth.

‘In the Shadow of the Linney‘ by Cora BB is a gripping tale of resilience, love, and the enduring power of friendship across social divides. As readers follow Elizabeth’s story, they are compelled to reflect on their own lives and the challenges they face.

The author, Cora BB has skillfully crafted a captivating narrative that transports readers to a different time and place, inviting them to walk alongside Elizabeth as she navigates the complexities of life in Ludlow, Shropshire.

For those seeking a thought-provoking read that resonates long after the final page is turned, ‘In the Shadow of the Linney‘ is not to be missed. Don’t miss the chance to order your copy from Amazon today.

About the Author:

Cora BB was born in Wolverhampton in the late 1940’s. Her father was from Wolverhampton and her Mother was born in Ludlow Shropshire. All Cora’s holidays whilst growing up were taken in Ludlow with her mothers family They roamed the hills and wandered the historical streets, visiting the historical castle and churches in and around the town. Once Cora retired from her career as a Special Needs assistant and Lecturer at the local college, she did charity work, joined a U3A ukulele group, writers group and joined Ancestry, researching her roots in Ludlow.

Book Name: In the Shadow of the Linney

Author Name: Cora BB

ISBN Number: 978-1917096485

Kindle Version: Click Here

Paperback Version: Click Here

Media Contact
Company Name: AMZ Publishing Plus
Email: Send Email
Phone: +1-201-335-4765
Country: United States
Website: amzpublishingplus.com

SafestCheats Revolutionizes Valorant Gameplay with Launch of Advanced Aimbot and Wallhack Tools

SafestCheats, a pioneering leader in the game enhancement industry, is thrilled to announce the launch of their latest product line: meticulously designed hacks for the popular game Valorant. These cutting-edge tools promise to transform the gaming experience for players worldwide, delivering unparalleled precision, strategy, and excitement.

Valorant, the highly acclaimed tactical first-person shooter developed by Riot Games, has captured the hearts of millions of gamers with its intense gameplay, unique character abilities, and competitive edge. Recognizing the demand for tools that can enhance the player experience, SafestCheats has developed a suite of hacks that are not only innovative but also designed with safety and integrity in mind.

Unmatched Features for an Enhanced Gaming Experience

SafestCheats’ Valorant hacks are engineered to provide players with a competitive advantage while maintaining the game’s fairness and integrity. Key features include:

Aimbot Precision: The advanced aimbot technology ensures pinpoint accuracy, allowing players to hit their targets with unprecedented precision. This feature is customizable, enabling users to adjust settings for a more personalized experience.
ESP and Wallhack: Gain the upper hand by seeing through walls and obstacles. The ESP (Extra Sensory Perception) and Wallhack features provide real-time information about enemy positions, weapon locations, and other critical game elements, giving players a strategic advantage.
Radar Hack: The radar hack provides an overview of the entire map, highlighting enemy locations and movements. This feature allows players to anticipate enemy actions and plan their strategies accordingly.
Triggerbot: The triggerbot feature automatically fires when an enemy is in the crosshairs, ensuring quick and efficient eliminations. This feature is particularly useful in high-pressure situations where split-second decisions are crucial.

Safety and Security: A Top Priority

Understanding the risks associated with game enhancement tools, SafestCheats places the highest priority on safety and security. Their Valorant hacks are designed with advanced anti-detection mechanisms to ensure that players can enjoy their enhanced gameplay without the fear of being banned. The team at SafestCheats continuously updates their software to stay ahead of game developers’ detection methods, providing a secure and reliable experience for their users.

User-Friendly Interface and Support

SafestCheats is committed to providing an exceptional user experience. The Valorant hacks come with an intuitive interface that is easy to navigate, even for those new to game enhancement tools. Detailed guides and 24/7 customer support ensure that users can quickly and effectively integrate the hacks into their gameplay.

Testimonials from Early Users

Early adopters of SafestCheats’ Valorant hacks have reported significant improvements in their gaming performance and overall enjoyment. “The aimbot feature has taken my gameplay to the next level,” says John Doe, a professional Valorant player. “I can now compete with top-tier players and enjoy the game more than ever before.”

About SafestCheats

SafestCheats is a leading provider of game enhancement tools, dedicated to creating safe, effective, and innovative solutions for gamers worldwide. With a commitment to quality and user satisfaction, SafestCheats continues to set the standard in the game enhancement industry.

Media Contact
Company Name: SafestCheats
Contact Person: Roger Hoffmann
Email: Send Email
Country: United States
Website: https://safestcheats.com/

Press Release Distributed by ABNewswire.com

To view the original version on ABNewswire visit: SafestCheats Revolutionizes Valorant Gameplay with Launch of Advanced Aimbot and Wallhack Tools

Mark Elbadramany Featured in Exclusive Interview on Ideamensch

Mark Elbadramany, Miami, FL, USA

Mark Elbadramany, a distinguished entrepreneur, investor, and philanthropist, was recently featured in an exclusive interview on Ideamensch.

Mark Elbadramany, a distinguished entrepreneur, investor, and philanthropist, was recently featured in an exclusive interview on Ideamensch. In this insightful interview, Mark discusses his typical day, productivity habits, the process of bringing ideas to life, and his perspective on success and personal growth.

In the Interview: Mark begins by describing his typical day, which starts early with a stretch or workout to energize himself. He emphasizes the importance of setting priorities, staying focused on strategic objectives, and taking regular breaks to maintain productivity. He also shares his approach to bringing ideas to life, which involves thorough research, strategic planning, and collaborative execution with his team.

One trend that excites Mark is the growing emphasis on sustainable investing, which aligns profitability with positive environmental and social outcomes. He highlights the habit of practicing mindfulness as a key to staying productive and reducing stress.

Mark offers valuable advice to his younger self, encouraging the embrace of failures as learning opportunities and the importance of taking risks while staying true to one’s values. He also shares his unique belief that success should be measured by the positive impact on others rather than personal achievements.

Reflecting on his journey, Mark discusses how regularly aligning daily actions with long-term goals helps maintain focus and direction. When feeling overwhelmed, he engages in physical activities like kitesurfing or boating to clear his mind and regain perspective.

Building and nurturing strong relationships has been pivotal in Mark’s career, providing valuable insights and opportunities for growth. He recounts a significant failure in balancing academic and financial demands early in life, which taught him resilience and the importance of support networks.

Mark generously shares a business idea for creating a platform that connects aspiring entrepreneurs with experienced mentors, fostering a supportive community for innovation and growth.

He highlights Trello as a piece of software that boosts his productivity by organizing tasks and tracking project progress. A high-quality notebook was his best recent purchase, helping him think clearly and creatively.

Mark recommends the book “Principles” by Ray Dalio for its profound insights into life and work and the series “Ted Lasso” for its lessons on positivity, teamwork, and leadership.

About Mark Elbadramany:

Mark Elbadramany is a distinguished entrepreneur, investor, and philanthropist known for his strategic leadership in both corporate and social sectors. With a robust background in business and finance, Mark has leveraged his expertise to drive impactful initiatives that empower entrepreneurs and foster sustainable growth. His passion for creating an impact on society through business is matched only by his dedication to developing team members, employees, management teams, and boards to achieve their full potential. Mark believes deeply in the transformative power of leadership and mentorship, guiding individuals and organizations toward excellence while maintaining a steadfast commitment to ethical business practices and social responsibility.

To read the full interview, click here.

Media Contact
Contact Person: Mark Elbadramany
Email: Send Email
City: Miami
State: Florida
Country: United States
Website: https://www.crunchbase.com/person/mark-elbadramany-314b

Artist KORVIUM wins The EDU Art Prize

The winner of the 2024 EDU Digital Art Contest.

The winning entry of the $100,000 USD Prize was a digital collection of 10,000 golden and Fabergé-inspired jewelled Skulls, the artist calls “Skullduggeries“.

Along with his winning entry, Korvium quoted the following reason for the collection:

“The skull is a consistent and instantly recognisable design across all cultures. Depending on the context skulls can mean fortune, death, danger, happiness, sadness, love, life and even divinity. Skull artwork and carvings are scattered across human history, from the ancient to the modern day. Regardless of where we live, the languages we speak, our race, our gender, our beliefs, or even our faith, we all have one. Skulls are remarkable in that they are simultaneously universal and unique. While each person’s skull is immediately recognisable and equivalent, no two are identical. The 10,000 individual NFTs of the “Skullduggeries” collection embody this dichotomy. Each one is unique yet equivalent, just as each human being’s individual story is unique while at the same time sharing more in common than separates us. A skull is special in that all living humans must have one yet, unlike vital organs which quickly decompose, the skull remains intact after death. Skulls remind us all – rich or poor – that nobody is immortal, life is precious, and color is and always has been, only skin deep!”.

Sample images of the winning entry.

The artist plans to publicly release the full collection as an NFT (non-fungible token).

Not much is known about the identity of artist, as he always appears masked and under a pseudonym. More details may be found on the artist’s website by visiting: www.korvium.com

Korvium is scheduled to meet the Secretary-General of EDU personally in Brussels later in the year.

On behalf of EDU, we would like to express our gratitude to the talented artists around the world who sent in almost 11,000 entries.

Media Contact
Company Name: EDU.INT
Contact Person: Media Relations
Email: Send Email
Country: United States
Website: www.edu.int

Mita Paulo’s Cinematic Short Stories: The Next Big Thing in Canada’s Hollywood North

Multiple Stories for Film and Television is now available for filmmakers and production companies looking to bring fresh, engaging narratives to the screen.

Canadian author Mita Paulo is capturing the attention of filmmakers and production companies with her collection of short stories, each one crafted with the potential for film and TV adaptation.

Dubbed Multiple Stories for Film and Television, the collection features compelling titles such as “Darling Girl,” “The Hitman,” “Sweetheart House,” and more. Now available for filmmakers and production companies, these stories promise to bring fresh, engaging narratives to the screen.

Paulo’s collection of short stories is crafted for a wide audience, captivating readers with its blend of thrilling and dramatic narratives. Each story is designed to appeal to diverse tastes, offering exciting plots and emotional depth that keep readers on the edge of their seats. This collection has something for everyone, making it an ideal choice for adaptation into film and TV.

Multiple Stories for Film and Television is especially relevant as Paulo’s hometown of Ottawa is rapidly becoming a hub for film and TV production, earning the title “Hollywood North.” The city offers diverse locations, talented crews, and a supportive environment for filmmakers.

In fact, the film, TV and animation industry has become a major economic force in Ottawa, contributing an average of $100 million to the city’s economy each year, according to the Ottawa Film Office (OFO), a non-profit, municipally-funded organization.

As Ottawa aims to solidify its reputation as the new Hollywood North, Paulo’s dynamic stories are exactly what the city needs to propel its growing film industry into the spotlight. With their rich characters, intricate plots, and vivid settings, these stories offer endless possibilities for adaptation into gripping visual content.

“I believe Ottawa has the potential to become a major player in the film industry,” said Paulo.

“My stories are crafted with the screen in mind, and I am thrilled at the prospect of seeing them come to life in such a vibrant and dynamic city. Ottawa’s potential is immense, and I am excited to contribute to its rise as the new Hollywood North.”

Teasers from Multiple Stories for Film and Television are available for reading on Paulo’s Instagram page. For more information, follow Paulo on Instagram at @mitaaugusta_tata.

About Mita Paulo

Mita Paulo is a Canadian author known for her engaging storytelling and rich, dynamic characters. Her work spans multiple genres, each story crafted with the potential for film and TV adaptation. Paulo’s passion for storytelling and her unique voice make her a standout in both the film and TV industry, as well as the literary world. Her debut book, Multiple Stories for Film and Television is now available.

Media Contact
Contact Person: Mita Paulo
Email: Send Email
City: Ottawa
State: Ontario
Country: Canada
Website: https://www.instagram.com/mitaaugusta_tata

RetireVest Financial Solutions Unveils Innovative Asset-Based Long-Term Care Plans

Led by veteran financial advisor Justin D. Merritt, this company is dedicated to protecting retirement savings with safety-first strategies.

Houston, TX – August 02, 2024 – As retirees face increasing concerns about the high costs of long-term care and the potential depletion of their savings, RetireVest Financial Solutions, LLC is addressing these challenges by launching its new asset-based long-term care plans. These plans provide retirees sustainable income, protected growth, and comprehensive long-term care coverage.

The new asset-based long-term care plans are designed to address the rising costs of long-term care and ensure financial security for retirees. In today’s volatile financial landscape, retirees face the challenge of preserving their savings while covering potential long-term care expenses. RetireVest’s approach emphasizes safety-first strategies that focus on sustainable income and protected growth.

Justin D. Merritt, the owner of RetireVest Financial Solutions, brings over 23 years of experience in the financial planning industry. He holds a bachelor’s degree in Financial Planning from Franklin University and the Chartered Financial Consultant (ChFC®) and Certification for Long-Term Care (CLTC) designations. Justin’s dedication to helping clients navigate retirement with safety-first strategies began in 2003 when he witnessed the emotional distress of a retiring couple that lost nearly half of their retirement savings during the dot-com bubble. Since then, he has dedicated his career to assisting individuals in securing their financial futures with integrity and expertise.

What Is Asset-Based Long-Term Care?

Asset-based long-term care insurance combines life insurance and annuities with long-term care benefits. Unlike traditional policies, this innovative approach allows retirees to leverage their death benefits for extended care costs. If long-term care is not needed, the full death benefit is paid out to beneficiaries, ensuring that policyholders’ assets are protected.

Justin explains the concept: “Asset-based long-term care insurance allows you to accelerate your death benefit payout to cover extended care costs. If you stay healthy and don’t require long-term care, the entire death benefit is paid to your beneficiaries.”

How It Works

RetireVest’s asset-based long-term care insurance comes in two forms: permanent life insurance and annuities. Both offer living benefits, meaning they provide payouts during the policyholder’s lifetime. Permanent life insurance accumulates cash value over time, while annuities pay premiums back to the policyholder when long-term care is needed.

These policies usually require an upfront premium payment, which can be funded using various assets such as savings, retirement accounts, or home equity. Monthly premium options are also available, providing flexibility similar to traditional long-term care insurance.

Benefits and Considerations

Asset-based long-term care insurance offers several advantages:

Guaranteed Payout: Either long-term care benefits or a death benefit is assured.
Tax-Free Benefits: Long-term care payouts are tax-free when used for care expenses.
Flexibility: Policyholders can fund their plans using a variety of assets.

However, there are considerations:

Cost: These plans can be more expensive than traditional long-term care insurance.
Benefit Caps: Benefits are typically capped, which may leave a funding gap if care costs exceed the benefit amount.

RetireVest Financial Solutions emphasizes that “finance is about people.” Thus, the firm focuses on creating retirement strategies that prioritize individuals’ needs and ensure their financial well-being. With years of experience and expertise, RetireVest has built a reputation for delivering unbiased financial guidance, helping clients navigate the complexities of retirement planning.

For more information about RetireVest Financial Solutions and its new asset-based long-term care plans, visit www.retirevestfinancial.com.

About RetireVest Financial Solutions

Founded with a commitment to helping individuals achieve a secure retirement, RetireVest Financial Solutions provides a range of services including retirement income planning, asset protection, and long-term care solutions. The firm’s safety-first approach ensures that clients can enjoy their retirement years free from financial worries.

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

Media Contact
Company Name: RetireVest Finanial Solutions, LLC.
Contact Person: Justin D. Merritt
Email: Send Email
Phone: 832-593-2787
Country: United States
Website: https://www.RetireVestFinancial.com/