Chris Bor, LUTCF, CLU, ChFC, a loyal NAIFA member since 1998 and Immediate Past President of NAIFA-WA, testified at a hearing of the Washington State Senate Business, Financial Services & Trade Committee on the use of life insurance, annuities, and policy riders in long-term care planning. He gave an overview of a wide variety of LTC planning options and discussed the value of agents and advisors to consumers. Bor also serves as Vice-Chair of NAIFA's National Membership Committee.
2 min read
State Senate Hearing on LTC Features Testimony of NAIFA-WA's Chris Bor
Topics: Long-Term Care Life Insurance & Annuities State Advocacy Washington
3 min read
NAIFA's Limited & Extended Care Planning Center Top Reads from Q2 2022
NAIFA's Limited & Extended Care Planning Center is focused on bringing you comprehensive information to help your business thrive in the long-term care sector. Below are the most read and most relevant articles by professionals like you from this last quarter (April to June 2022), written by NAIFA and our dedicated partners.
Want to see more of this content, or have a suggestion of topics you would like to see discussed? Let us know at lecp@naifa.org.
Annuities and LTC Insurance: Two Case Studies in Planning
By NAIFA
Annuities can be an important part of long-term care planning, Tom Riekse, ChFC, CLU, CEBS, Managing Director at LTCi Partners, told attendees of NAIFA’s Limited and Extended Care Planning Center webinar. “Unfortunately, there has probably not been as much emphasis on how they can work together in a plan for care as there should be based on some of the great benefits available.”
Topics: Long-Term Care Life Insurance & Annuities Reverse Mortgages Limited & Extended Care Planning Center
1 min read
Webinar On-Demand: IUL Sales Ideas and Long-Term Care
Increased awareness of long-term care (LTC) insurance means increased interest in LTC coverage. However, not all clients qualify for a traditional LTC rider.
Topics: Long-Term Care Life Insurance & Annuities Limited Care Potential Partners for Advisors Insurance
2 min read
Top 5 Considerations as You Evaluate New Whole Life Products
Along with resolutions and high hopes, the new year also brings many insurance carriers promoting changes to their whole life insurance product portfolios. These revisions are due to adaptations in the IRC Section 7702 regulations. Prolonged low interest rates also continue to factor into product refreshes, revamps and adjustments. It may be overwhelming to sift through the fine print of the new products, but as you begin to evaluate them, keep these top five considerations in mind:
Topics: Life Insurance & Annuities Financial Planning Limited Care Financial Security Insurance
4 min read
Retirement Regrets – Does Retirement Live Up to Expectations?
Ah, retirement. The reward at the end of years in the labor force, of saving and investing and planning for financially sound, restful, and even adventure-filled golden years. Millions of Americans enter retirement annually, but increased reliance on Social Security income and Covid-19’s impact on employment, access to social supports, and mental and physical health have altered the retirement experience for retirees across the U.S. With retiree numbers significantly increasing in the last year and predictions of more to come at an accelerated rate, we wanted to know if retirement still lives up to expectations. Are retirees experiencing the retirement they expected, or do they have regrets?
Topics: Life Insurance & Annuities Retirement
1 min read
OneAmerica’s Tim Vannoy Presents on Hybrid Annuities and Long-Term Care Provisions
The June LECP webinar featured OneAmerica Sales Director, Tim Vannoy, who presented the “Hybrid Annuities and the Long-Term Care Provisions.” Using case studies, Vannoy addressed the following issues:
- Who would benefit from the Pension Protection Act?
- How large is the market for the Pension Protection Act?
- How can a client get tax-deferred gains out tax-free?
Topics: Long-Term Care Life Insurance & Annuities Tax Savings Webinar
Complimentary CE at this Exclusive Webinar Presented by Mutual of Omaha Mortgage
NAIFA partner Mutual of Omaha Mortgage is offering a webinar on Tuesday, May 18th at 1:00 p.m. central, with industry expert Wade Pfau, Ph.D., CFA, RICP as he discusses how different types of annuities work.
Topics: Life Insurance & Annuities Financial Wellness
6 min read
Why Single Pay LTC Insurance Might be the Right Strategy Now
The recent stock market run (especially in tech stocks) has been amazing. Despite the high unemployment rate, many investors are enjoying that feeling of increased net worth in both their qualified and non-qualified money.
Topics: Long-Term Care Life Insurance & Annuities Planning in Advance
6 min read
How low interest rates are changing LTC Insurance products
The last several years have seen major changes in LTC Insurance - leading to what can be referred to as LTC 2.0. LTC 2.0 means that while the pure protection of traditional LTC insurance is still a popular option, there has been an accompanying growth in Hybrid LTC + Life plans - both in number of policies sold and number of carriers offering these plans.
Topics: Long-Term Care Life Insurance & Annuities Planning in Advance
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".
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