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NAIFA's Limited & Extended Care Planning Center

The LECP Center empowers professionals to network with solution and service providers to share best practices, directly access subject matter experts, research, training and resources; and provide thought leadership so we may continue to address the changing needs of the market.

1 min read

NAIFA-WA Urges LTC Bill Changes to Protect Employees With Private Coverage

By NAIFA on 2/12/21 2:45 PM

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 Legislative & Regulatory State Advocacy
1 min read

Consumer Resources for LTC Insurance: Agents and the NAIC Buyer’s Guide

By NAIFA on 2/8/21 9:45 AM

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

By Vincent Bodnar on 2/4/21 1:38 PM

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

By NAIFA on 2/4/21 11:51 AM

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

By NAIFA on 2/1/21 4:33 PM

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
3 min read

Why Insurance Agents Should Care About Collaboration

By LegacyShield on 1/28/21 1:29 PM

Policyholders are looking for more than just a policy these days. Customers want an insurance agent who acts as their trusted advisor, collaborating with them to protect their assets and help reach financial goals. In fact, 75% of policyholders would switch insurers to get more personalized service.

Topics: Marketing best practices Limited & Extended Care Planning Center
1 min read

Exclusive Webinar: Using Housing Wealth to Improve Financial Outcomes in Retirement

By NAIFA on 1/7/21 2:11 PM

We're proud to let you know about this upcoming webinar from our partner, Mutual of Omaha, on Tuesday, January 19, at 2:00 pm EST / 11:00 am PST with tax attorney, industry expert, speaker and author Barry H. Sacks Ph.D., who will be discussing using housing wealth to improve financial outcomes in retirement. 

As clients retire, and hence end the receipt of regular income from employment or professional activity, cash flow considerations become paramount.  This webinar examines four situations in which home equity can be used to diminish retirees' risk of cash flow exhaustion while maintaining an acceptable level of living expenses.  
Topics: Retirement webinar Financial Wellness
6 min read

What You Should Know About Life Insurance Settlements

By Pinney Insurance on 1/7/21 10:41 AM

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 Life Settlement
2 min read

The Black Swan: The Generational Impact of the “Baby Boomers” and “Longevity"

By Carroll Golden on 1/6/21 4:48 PM

Over the holidays, I had time to read a very interesting book that seems to directly relate the COVID-19 Pandemic chain of events. The Black Swan: The Impact of the Highly Improbable Event by Nassim Nicholas Taleb. Although the book discusses the black swan phenomenon in relation to investing, it seems to hit home when looking at the impact and rational that is surfacing around the COVID-19 Pandemic. The book focuses on three principal characteristics. The event is rare and unpredictable. It is an outlier so rare that even the possibility of such an event is not identified. The event produces a catastrophic impact. And finally, we create an explanation that makes it appear less random and more probable and eventually predictable. Interestingly, there are some positive Black Swans such as the impressive success of Google and Facebook. On the other hand, there is the tragic events of 9/11 which fits as a Black Swan. The COVID-19 pandemic that is taking its toll on individual families, entire generations, and the global economy also qualifies as a “Black Swan event."

Topics: Extended Care Generations boomers
2 min read

Using Medicare Publications

By Dan Mangus, Vice President of Sales, Senior Marketing Specialists on 1/6/21 2:14 PM

As an advisor to individuals on Medicare or advising a caregiver to someone on Medicare, you require accurate information. One of the best reference tools for you to share with them is Medicare publications. They are easy to access on Medicare.gov and available on a variety of topics. Here are a few that I find outstanding.

Topics: Health Care Medicare

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