Trey Fairman and Teri Olsen will review the progression of long term care planning up to today with a focus on how insurance products are used to solve needs. This will be a market focused discussion with emphasis on a variety of solutions and how those solutions relate to estate planning and wealth transfer planning – it’s not just for the mainstream. Discover how to recognize and provide the best long term care options for your clients and their families.
Below are some highlights from the Thursdays Insights session:
Long Term Care Insurance
What is Long-Term Care?
Long-Term Care is what you will need if you can’t do 2 of the following (ADL's) after an illness or accident.y and that will last more than 90 days; Eating, bathing, dressing, continence, transfer, or toileting. Or a cognitive impairment (Alzheimer's, dementia, brain injury).
Long Term Care Planning
- Help protect cash flow & assets
- Afford LTC services
- Protect family standard of living
- Choose type of care & location
- Preserve independence
- Protect estate for heirs
- Preserve dignity avoid Medicaid (Medi-Cal)
Common Causes for LTC
- Young or old, LTC insurance picks up where your health insurance leaves off.
- Injuries from; Auto and motorcycle accidents, Activities like skiing, horse-back riding, diving.
- Health Conditions and illness; Stroke and heart attack, Cancer, Diabetes, Arthritis, Alzheimers, Parkinson's and MS.
Considering LTCI
- Protection of assets and income.
- Freedom to choose where you will receive Care. (Home, Assisted Living, Residential Care Facility, Adult Day Care, Nursing home).
- Professional services to plan, monitor and adjust care (Care Management).
- Peace of mind for you and your loved ones.
More Long Term Care Planning Insights
- Traditional LTCI- personally paid (including Partnership)
- Traditional LTCI- employer sponsored
- Hybrid (Combo, Asset-based) Clients with cash they don't need for retirement or emergencies (bank CDs, money market accounts) can reposition these assets with you into a Iife/LTC hybrid product
For FULL ACCESS to the entire digital program containing:
- Downloadable MP3 Audio
- Viewable PowerPoint Presentation
- Downloadable PowerPoint PDF notes worksheet
Feel free to contact us if you have any questions regarding this program or our other Thursday Insights programs.