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.
1 min read
Long-Term Care Crisis ‘Sneaking Up on Most Americans’
Topics: Long-Term Care Limited & Extended Care Planning Center
1 min read
Tackle the Scariest Topics in Long-Term Care at LTC Impact Day 2022
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.
Topics: Long-Term Care Webinar Limited & Extended Care Planning Center Insurance
2 min read
These Two Trends Signal Much Higher LTC Costs in the Future - Regardless of Inflation
Designing a LTC plan that will have appropriate benefits in 30 or 40 years can be really challenging! Despite that, many older LTC policies have actually done a pretty decent job of keeping up with the cost of long-term care. How do I know? Well, my Mom purchased an LTC Insurance policy from CNA Financial back in 1991. The initial benefit was $100 per day with a 5% automatic inflation increase benefit. Now, she is receiving care in a private room in an excellent nursing facility. The facility charges $420 per day for care, less than the $454 benefit daily benefit of the policy. The policy covers ALL the cost of her care.
Of course, that is an anecdotal example. Some policies have not kept up with the cost of care, especially those without inflation riders. Fortunately, however, many of the dire, scary predictions during the early 90s related to the cost and availability of care haven't come true. Although stressed by the pandemic, there is currently a strong infrastructure of home care, assisted living and skilled nursing facilities. People pay for care using their LTC policies, riders on life policies, or retirement savings.
Topics: Long-Term Care Research/Trends Long-Term Care Insurance Limited & Extended Care Planning Center
1 min read
Experts at Apex will Explore Technology’s Transformation of the LECP Marketplace
The limited and extended care planning (LECP) marketplace is transforming apace with innovations in technology. The rise of 5G, the fifth-generation standard for broadband cellular networks, has revolutionized the way we handle LECP data, providing greater data speeds, more reliability, and massive network capacity.
Topics: Long-Term Care Limited & Extended Care Planning Center Apex
3 min read
NAIFA's Limited & Extended Care Planning Center Top Reads from Q2 2022
NAIFA's Limited & Extended Care Planning Center is focused on bringing you comprehensive information to help your business thrive in the long-term care sector. Below are the most read and most relevant articles by professionals like you from this last quarter (April to June 2022), written by NAIFA and our dedicated partners.
Want to see more of this content, or have a suggestion of topics you would like to see discussed? Let us know at lecp@naifa.org.
Annuities and LTC Insurance: Two Case Studies in Planning
By NAIFA
Annuities can be an important part of long-term care planning, Tom Riekse, ChFC, CLU, CEBS, Managing Director at LTCi Partners, told attendees of NAIFA’s Limited and Extended Care Planning Center webinar. “Unfortunately, there has probably not been as much emphasis on how they can work together in a plan for care as there should be based on some of the great benefits available.”
Topics: Long-Term Care Life Insurance & Annuities Reverse Mortgages Limited & Extended Care Planning Center
1 min read
Webinar On-Demand: IUL Sales Ideas and Long-Term Care
Increased awareness of long-term care (LTC) insurance means increased interest in LTC coverage. However, not all clients qualify for a traditional LTC rider.
Topics: Long-Term Care Life Insurance & Annuities Limited Care Potential Partners for Advisors Insurance
4 min read
How to Protect Aging Clients from Financial Exploitation
Financial exploitation of older adults is rampant, and the problem will only get worse as America’s population continues to age.
In fact, the rate at which adults over the age of 60 can expect to experience financial exploitation—1 in 20—is higher than the incidence of many age-related diseases, according to research published in The Journals of Gerontology. And that’s likely an underestimate because many older adults are unwilling to report exploitation.
Topics: Long-Term Care Extended Care Limited Care Potential Partners for Advisors
2 min read
Sen. Scott Promotes Care Planning and LTC Insurance in Committee Hearing
Senator Tim Scott (R-SC) knows the importance of the insurance and financial services industry and the role of agents and advisors in the wellbeing of Main Street Americans. He gained much of this understanding in his pre-political career as an insurance professional and NAIFA member.
Topics: Long-Term Care Limited & Extended Care Planning Center Federal Advocacy
5 min read
Why Your Clients Should Plan for Long-term Care Sooner Rather than Later
There is and likely will always be a debate between what’s better: “optimistic” or “realistic” thinking. When it comes to retirement and aging, it’s beneficial to have both mindsets. To look forward to the enjoyment of the golden years while recognizing the need to plan ahead for rainy days.
Topics: Long-Term Care Gerontology/Aging Advanced Planning Standard of Care & Consumer Protection Limited & Extended Care Planning Center Family Caregivers Awareness
1 min read
Loyal NAIFA Member Louis Brownstone Featured in Broker World
Loyal NAIFA-CA member Louis H. Brownstone, CLTC, proposes a new solution for long-term care insurance planning in a recent Broker World article. Brownstone is the owner of California Long Term Care Insurance. A NAIFA member since 2007, he is the Government Relations/APIC IFAPAC Chair for NAIFA-San Francisco Peninsula and a NAIFA Financial Security Advocate.
Congratulations, Louis. We're #NAIFAproud of your commitment and dedication to our industry.
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