November is National Long-Term Care Awareness Month and it is a great time to bring potential limited and extended care planning needs top-of-mind with your clients. It is important for every comprehensive financial plan to include LTC considerations. So even if LTC insurance is not your primary line of business, Long-Term Care Awareness Month gives you a good opportunity to get clients up to speed.
3 min read
It's Long-Term Care Awareness Month: Make Sure Your Clients Prepare for Any Eventuality
By NAIFA on 11/2/23 10:54 AM
Topics: Long-Term Care Long-Term Care Insurance Limited & Extended Care Planning Center
1 min read
46% of Financial Professionals Don't Recommend LTC Insurance
By NAIFA on 7/20/23 5:21 PM
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.
Topics: Long-Term Care Research/Trends Long-Term Care Insurance
2 min read
Change the Conversation with Financial Longevity Wellness
By NAIFA on 3/13/23 10:12 AM
Want to differentiate yourself? Then change the conversation! A hot topic that every client is concerned about is Financial Longevity Wellness. Today’s clients are worried about outliving or outspending their money or getting caught in an expensive ‘sandwich generation’ situation, or worrying about family or business financial wellness.
Join the next Advisor Today webinar on Wednesday, March 23 at 12 pm eastern, as Carroll Golden, Executive Director of NAIFA's Centers of Excellence, demonstrates a three-step formula to show how to incorporate Financial Longevity Wellness in the products and services you provide, while staying focused on your client’s story.
Topics: Long-Term Care Webinar Limited & Extended Care Planning Center Insurance
2 min read
Join NAIFA at the ILTCI Conference in Denver, March 12-15
By NAIFA on 2/21/23 1:39 PM
NAIFA will join our Limited & Extended Care Planning Center (LECP) partner, ILTCI, for the 2023 ILTCI Conference in Denver, CO, from March 12-15, 2023, at the Sheraton Downtown Denver.
ILTCI’s annual educational conference is for representatives of the long-term and extended care planning community and other strategic allies, including providers, public policy institutions, professional organizations, federal, state, and local government agencies, and the public.
Topics: Long-Term Care Extended Care Limited & Extended Care Planning Center
1 min read
Upcoming Webinar: An Alternative to Long-Term Care Coverage
By NAIFA on 1/25/23 11:51 AM
When long-term care insurance is not an option due to a person's health and/or finances, there may be an alternative solution to a difficult situation. Limited long-term care insurance can be an option to help during your client's time of need.
Register now for this upcoming webinar discussing limited long-term care on Tuesday, February 7 at 2 pm eastern.
Topics: Long-Term Care Limited Care Webinar Limited & Extended Care Planning Center Insurance
5 min read
How to Talk to Your Parents About Long-Term Care
By Cameron Huddleston on 12/9/22 9:30 AM
As your parents age, there’s a good chance they will need long-term care. According to the Department of Health and Human Services, more than half of Americans turning 65 today will develop a disability serious enough that they will need daily help with the basic activities of living. Most will need care for less than two years, but 1 in 7 will need assistance for more than five years.
As tough as it might be to imagine your parents being unable to care for themselves, the thought of discussing this possibility with them probably seems even harder. But it’s important to talk to your parents sooner rather than later to develop a plan for long-term care if they ever need it. If you wait for an emergency to strike, emotions will be running high and you’ll likely have fewer options to deal with your parents’ need for care.
Topics: Long-Term Care Extended Care Limited Care Limited & Extended Care Planning Center
2 min read
State Senate Hearing on LTC Features Testimony of NAIFA-WA's Chris Bor
By NAIFA on 12/8/22 6:00 PM
Chris Bor, LUTCF, CLU, ChFC, a loyal NAIFA member since 1998 and Immediate Past President of NAIFA-WA, testified at a hearing of the Washington State Senate Business, Financial Services & Trade Committee on the use of life insurance, annuities, and policy riders in long-term care planning. He gave an overview of a wide variety of LTC planning options and discussed the value of agents and advisors to consumers. Bor also serves as Vice-Chair of NAIFA's National Membership Committee.
Topics: Long-Term Care Life Insurance & Annuities State Advocacy Washington
1 min read
Long-Term Care Crisis ‘Sneaking Up on Most Americans’
By NAIFA on 11/3/22 10:03 AM
On Monday, October 31's "Don't Be Scared of Long-Term Care," NAIFA's Executive Director of Centers of Excellence, Carroll Golden, addressed the crisis of long-term care that is sneaking up on most Americans. "When we look at the cost of care, it’s only increasing and it’s increasing dramatically," she said at the Limited & Extended Care Planning Center's annual Impact Day.
Topics: Long-Term Care Limited Care Limited & Extended Care Planning Center
3 min read
What May Be the Repercussions of the Washington Cares Fund?
By Ken Leibow on 10/27/22 10:00 AM
Washington State’s “Washington Cares Fund” (WCF) imposes an uncapped 0.58% employee-paid payroll tax ($580 per $100,000 earned) to fund a $36,500 lifetime pool (intended to inflate, beginning in 2027, according to WA’s consumer price index) for long-term care received in WA by vested employees. A claimant must require help with at least 3 activities of daily living (11 ADLs are listed on WCF’s website).
Topics: Long-Term Care Legislation & Regulations Long-Term Care Insurance
1 min read
Tackle the Scariest Topics in Long-Term Care at LTC Impact Day 2022
By NAIFA on 10/19/22 11:35 AM
We're kicking off November's Long-Term Care Awareness Month on Halloween, Monday, October 31 to get the message out that you don't need to be scared of long-term care conversations!
NAIFA's Limited & Extended Care Planning (LECP) Center is hosting "Don't Be Scared of Long-Term Care," a free, day-long virtual program from 9 am to 5 pm. Included are interactive sessions from industry leaders who will address the scariest of topics in the long-term care arena.