A study conducted by OneAmerica found that 46% of financial professionals do not recommend long-term care (LTC) protection to their clients.
The study highlights a potential gap in helping clients prepare financially for potential LTC expenses. It is estimated that almost 70% of individuals over the age of 65 will require LTC services at some point in their lives, making LTC protection an important aspect of retirement planning.
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NAIFA-MT Past President Mike “Montana Mike” Paffhausen grew up in the insurance industry. His father had a long career as an insurance agent and agency manager and, when the time came to choose a career, Paffhausen chose to make a difference in his community by opening his own State Farm agency.
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Iris Nance, LUTCF, got into the insurance and financial services industry because of a postcard. In 1997, she was working as a Real Estate Finance Credit Analyst at a local bank after more than 10 years as a Bank Examiner with the Federal Deposit Insurance Corporation (FDIC). While exploring other career opportunities that would allow quality time with her twin daughters, she received a postcard in the mail from Farmers Insurance, and the rest is history.
The Summer 2023 issue of NAIFA's Advisor Today magazine is here! NAIFA members will receive a copy in the mail soon. For non-members and those who prefer a digital format, the current issue and our back catalog are available online.
Earlier this year, NAIFA conducted its annual membership survey. This year, five randomly selected members who completed the survey received a $100 gift card. We're excited to congratulate the winners:
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Harry Hoopis is an entrepreneur and industry leader in the insurance and financial services space who has built a successful firm based in Chicago, IL. He speaks, teaches, and inspires executives, advisors, and front-line salespeople — providing the systems, methods, efficiencies, and confidence needed to excel in the industry. He is the author of the best-selling book, The Road to the Bountiful Life, and recipient of NAIFA's prestigious John Newton Russell Memorial Award.
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After 17 years of working with animals in pet shops, shelters, and zoos, Christian Kalinowski decided it was time for a change. He considered a sales career in a few different sectors before finally settling on insurance and financial services. He wanted to help educate people on a topic he didn’t learn much about growing up—personal finance. So, in 2021, he joined Dipaola Financial Group as a financial service professional.
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Each year ThinkAdvisor shines the spotlight on individuals and firms that are changing the investment advisory industry where it matters most. This year we are #NAIFAproud to have three of our members receiving this recognition! Congratulations to Jamie Hopkins, MBA, CFP, LLM, CLU, ChFC, RICP, Derek Notman, CFP, CLU, LUTCF, and Eric Thomes.
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When Aaron Gose, WMCP®, FSCP®, started his career as an engineer, he could tell there was something missing. He loved problem-solving but found he was more curious about how projects were funded rather than how they were designed and built.
Two weeks ago, I had the privilege of spending time with Nick Bowman, CFP, MS, CEP, in New York City at the Insurtech Insights Conference. Previously associated with Lion Street as an Advanced Sales Professional, Nick now serves as the CEO of Motif Insurance, a company that is revolutionizing the future of in-force life insurance. Motif's primary objective is to empower advisors in managing their portfolios by harnessing the potential of data. Nick possesses exceptional expertise in in-force life insurance policies, making him not only a valuable contributor to this article but also the initiator of an important survey. The survey/questionnaire, consisting of just a couple of questions, can be accessed by clicking the link provided at the end of this article.
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