Recently I received an email from a Insurance Carrier who sells Linked Life/LTC plans with the headline "What happened to traditional LTC?". The email started by saying "It wasn't so long age that traditional long-term care (LTC) insurance dominated the market, but now they are barely holding on while linked-benefit products are taking over." Harsh!
6 min read
Why the Traditional LTC Market is here to stay - and will grow
Topics: Long-Term Care Advanced Planning
5 min read
The biggest mistakes people make when choosing to self-insure for LTC
For Financial Professionals that are savvy enough to have a discussion about the impact of a long-term care event one of the most important topics is whether a client should consider long-term care insurance or should instead "self-insure".
Topics: Long-Term Care Life Insurance & Annuities
7 min read
The worst case scenario - is lifetime LTC Insurance worth it?
Luckily, you aren't going to need years and years of high cost long-term care. But what if you did?
Topics: Long-Term Care Financial Planning Planning in Advance Advanced Planning Limited & Extended Care Planning Center
1 min read
NAIFA-WA Urges LTC Bill Changes to Protect Employees With Private Coverage
NAIFA-WA is urging changes to a long-term services bill, HB 1323, to protect employees who have purchased long-term care coverage.
Topics: Long-Term Care Legislation & Regulations State Advocacy
1 min read
Consumer Resources for LTC Insurance: Agents and the NAIC Buyer’s Guide
Most states require financial professionals to provide consumers with a copy of the National Association of Insurance Commissioners publication “A Shopper’s Guide to Long-Term Care Insurance” before completing an LTC insurance sale.
Topics: Long-Term Care Limited & Extended Care Planning Center Financial Security
1 min read
Oliver Wyman Survey results released focusing on Long-term care planning
In collaboration with Ice Floe Consulting, Oliver Wyman presents the results of the Who is Selling What? To Whom How & Why? agent and advisor survey conducted this past fall.
Topics: Long-Term Care Limited & Extended Care Planning Center
1 min read
NAIFA Supports Replacement of Indiana LTC Insurance Program
NAIFA is encouraging the efforts of Indiana state Sen. Greg Walker and Rep. Martin Carbaugh to replace the Indiana Long Term Care Insurance Program, also known as the RWJ Partnership, with legislation (HB 1405 and SB 261) to create a Deficit Reduction Act (DRA) Partnership.
Topics: Long-Term Care State Advocacy
1 min read
NAIFA Supports Maryland Bill to Boost LTC Education
NAIFA supports Maryland state legislation that would provide consumers in the state with easier access to resources and educational materials on long-term care (LTC) planning. A NAIFA-Maryland member served on the Task Force on LTC Education and Planning that made recommendations that helped shape the bill, HB 599, Public Health – Long Term Care Planning.
Topics: Long-Term Care State Advocacy Limited & Extended Care Planning Center
6 min read
What You Should Know About Life Insurance Settlements
If you have a client who can’t afford their policy – especially if it’s due to health problems – you may want to help them look into a life settlement. Of course, this leaves them without any death benefit protection, which isn’t ideal. But if they either don’t need the coverage or have no financial option but to let it lapse, a settlement may be the ideal solution.
Topics: Long-Term Care Life Insurance & Annuities
2 min read
Common Misconceptions About Long Term Care
Cover all of your bases with four common rebuttals about long term care planning.
There are plenty of misconceptions about long term care. Some believe that health insurance and Medicare will take care of these expenses. The majority of costs for long term care are out-of-pocket expenses until assets are depleted. The following are four common rebuttals you might hear about long term care planning and what you need to know:
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