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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.

6 min read

Why the Traditional LTC Market is here to stay - and will grow

By Tom Riekse Jr. on 4/14/21 3:30 PM

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!

Topics: Long-Term Care Advanced Planning
5 min read

The Impact of Voluntary Interest Payments on Reverse Mortgages

By Shelley Giordano on 4/12/21 8:30 PM

In the early days of reverse mortgage lending, little attention was paid to the impact of tax deductions from accrued interest on the loan. In part, most borrowers had so little income that any deduction was meaningless. Two important changes in the reverse mortgage landscape, however, have generated a more strategic approach to the home asset.

Topics: Reverse Mortgages Limited & Extended Care Planning Center
5 min read

The biggest mistakes people make when choosing to self-insure for LTC

By Tom Riekse Jr. on 4/5/21 10:15 AM

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
3 min read

New Premiums Increasing on Hybrid Life + LTCI Plans

By Tom Riekse Jr. on 3/30/21 2:00 PM

Many clients find that the best way for them to plan for LTC is by purchasing a linked life/ltc plan.  Compared to traditional LTC policies which provide pure long-term care protection (and the most LTC protection per premium dollar) linked Life/LTC trade off some of that leverage to provide guaranteed premiums and a life insurance benefit.

Topics: Life Insurance & Annuities Planning in Advance Limited & Extended Care Planning Center
7 min read

The worst case scenario - is lifetime LTC Insurance worth it?

By Tom Riekse Jr. on 3/26/21 9:00 AM

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
3 min read

Prepare for the Great Wealth Transfer

By LegacyShield on 3/3/21 11:07 AM

Since the inception of the computer, it has opened doors, transformed current industries, and created new ones at breakneck speed. With each new development, such as the internet, the cellphone, and the smartphone, the pace at which our society evolves has increased exponentially. The future is now, but it is also tomorrow. However, there is an interesting divide that we can actively observe between generations. 

Topics: Professional Development Technology Limited & Extended Care Planning Center
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 Legislation & Regulations 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

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