1. Articles in category: Long Term Care

    1-24 of 38 1 2 »
    1. Advising for Longevity: Why Advisors Must Consider Older Clients’ Health Issues

      Advising for Longevity: Why Advisors Must Consider Older Clients’ Health Issues

      Your clients are getting ready for retirement. You’ve done the calculations, balanced the portfolio and advised them of what income to expect. You’ve discussed how much spending is ok. You used your program and your analysis was thorough. You’ve done your job, right?

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    2. Should Your Client Transfer the House to Her Kids?

      Should Your Client Transfer the House to Her Kids?

      One of the most common questions we get from clients is whether they should transfer their house to their children. The answer to this question is almost always absolutely not! Many people think that transferring their house to someone else will allow them to protect their home from having to be sold in the event that they need to go on Medicaid or receive VA benefits.

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    3. How clients can use annuities to pay for long-term care

      With millions of baby boomers in or nearing retirement, the need for long-term care insurance might seem obvious. Retirees face extended life expectancy as well as rising costs for nursing home stays, assisted living facilities and home care. Nevertheless, standalone policy sales declined nearly 70% from $550 million in premiums in 2012 to just $176 million in 2017, according to LIMRA’s U.S. Individual LTCI Sales Survey.

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    4. 7 Steps To An Effective Referral Attraction Process

      7 Steps To An Effective Referral Attraction Process

      Referrals are one important channel of a personalized marketing plan. Here is a list of ways you can improve the process through which you receive referrals to your financial services practice. I invite you to read through the list below and ask yourself how you are doing in the various areas I have highlighted and be on the lookout for anything you’d like to add to your own process:

      1. Excellent client care
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    5. What advisors need to know about the changing LTC market

      The long-term care insurance market is shifting from standalone products to hybrid ones, roiling traditional strategies for covering a financial burden that clients often bear but advisors insufficiently discuss.

      More than half of 65-year-old Americans will require LTC services, and they face average costs of $138,000, according to a report by the Department of Health and Human Services.

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    6. How Do You Advise Clients Who Plan To Self-Insure For Long Term Care?

      How Do You Advise Clients Who Plan To Self-Insure For Long Term Care?

      How Do You Advise Clients Who Plan To Self-Insure For Long Term Care?

      By Carolyn Rosenblatt, RN, Elder law attorney, AgingInvestor.com

      Of course, your clients think they will never need long term care and they likely resist talking with you about it. Retirement planning is much more fun when you’re discussing cash flow, travel and leisure, and being free from the responsibility of work. And then there’s this thing called reality: retirement is not all fun.

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    7. The Gaping Hole In Retirement Planning: What Are You Missing?

      The Gaping Hole In Retirement Planning: What Are You Missing?

      Most financial professionals see themselves doing fine in helping their clients plan ahead for retirement. And their clients are probably in for a nasty surprise no one is talking about. The professionals have done the calculations, used the algorithms, had the conversations about their clients’ goals. You may have forgotten something. Are you missing the elephant in the room: long term care?

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    8. How to Buy Long Term Care Insurance

      How to Buy Long Term Care Insurance

      In the past, we’ve talked about the high cost of elder care. Now, I wanted to spend a bit of time talking about long term care (LTC) insurance.

      In general terms, LTC coverage applies to individuals who are not actually sick, but are not able to perform the basic “activities of daily living.” These include things like bathing, using the bathroom, dressing, eating, or transferring yourself in/out of a bed or chair.

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    9. Can You Take Time Off to Raise a Family Without Ruining Your Career?

      Can You Take Time Off to Raise a Family Without Ruining Your Career?

      In an ideal world, you would really be able to “have it all.” You know, the perfect parent with a model career, which fits neatly alongside family life.

      The reality is, though, that parents often feel like they’re under pressure from all directions. Naturally, you want to do the best for your children and support your family unit. Oftentimes, this means one parent taking a break from their career, dedicating their time instead to raising a family.

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    1-24 of 38 1 2 »
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