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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

Upcoming Webinar: An Alternative to Long-Term Care Coverage

By NAIFA on 1/25/23 11:48 AM

When long-term care insurance is not an option due to a person's health and/or finances, there may be an alternative solution to a difficult situation. Limited long-term care insurance can be an option to help during your client's time of need.

Register now for this upcoming webinar discussing limited long-term care on Tuesday, February 7 at 2 pm eastern.

Topics: Long-Term Care NAIFA Events Webinar Limited & Extended Care Planning Center Insurance Webinar
1 min read

Buying or Selling an Agency – A Focus on Medicare

By NAIFA on 1/18/23 10:30 AM

Join Dan Mangus, VP of Growth and Development at Senior Marketing Specialists, for an Advisor Today webinar on Wednesday, January 25 at 12 pm eastern. In "Buying or Selling an Agency - A Focus on Medicare," Dan will guide you through the ins and outs of buying or selling an agency, and the top things you need to know when it comes to Medicare.

Topics: Medicare Limited & Extended Care Planning Center Insurance Insurance Webinar
6 min read

What is a Life Expectancy Set-Aside for a Reverse Mortgage Loan?

By Harlan Accola on 1/5/23 11:16 AM

Today’s reverse mortgage loans have built-in protections designed to make sure the loan is a sustainable solution for the borrower. In this article, we’ll explore what a life expectancy set-aside (LESA) is, how it helps a borrower to pay property charges, when the lender’s underwriter will require it, and why, in some situations, it may be advantageous for a reverse mortgage borrower to voluntarily opt for a LESA.

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

Paying for Long-Term Care: Know Your Options

By Coventry on 12/22/22 10:32 AM

The decision to move yourself or a loved one into long-term care can be a difficult one, and determining how to pay for long-term care can add unnecessary stress to a phase of life that’s already full of transitions. Understanding the costs you may encounter and developing a proactive plan to afford long-term care can help ease the burdens that accompany it.

Topics: Long-Term Care Extended Care Limited Care Limited & Extended Care Planning Center
3 min read

Take on the Worksite Market and Change the Way Employers Think About LTCi

By Cindy Harris on 12/19/22 12:18 PM

What do you get when modernized Long Term Care Insurance products meet changing workplace needs and employee attitudes? An advantageous opportunity to grow your business, reach the middle market, and help protect more families from potential LTC needs.

Worksite benefits have long been a critical tool in helping employers attract top talent. What’s changed is that more employers want a variety of products to build benefit packages that are as diverse as today’s workforce – and there’s room for LTCi in this conversation.

Sure, you’ll face some challenges from decision-makers, but clearing hurdles is nothing new for seasoned LTC professionals. Here are three common objections that you can address with employers to change the way they think about LTCi.

Topics: Long-Term Care Extended Care Group & Employee Benefits Limited Care Limited & Extended Care Planning Center
5 min read

How to Talk to Your Parents About Long-Term Care

By Cameron Huddleston on 12/9/22 9:30 AM

As your parents age, there’s a good chance they will need long-term care. According to the Department of Health and Human Services, more than half of Americans turning 65 today will develop a disability serious enough that they will need daily help with the basic activities of living. Most will need care for less than two years, but 1 in 7 will need assistance for more than five years.

As tough as it might be to imagine your parents being unable to care for themselves, the thought of discussing this possibility with them probably seems even harder. But it’s important to talk to your parents sooner rather than later to develop a plan for long-term care if they ever need it. If you wait for an emergency to strike, emotions will be running high and you’ll likely have fewer options to deal with your parents’ need for care.

Topics: Long-Term Care Extended Care Limited Care Limited & Extended Care Planning Center
1 min read

LECP's Impact Day 2022 Now Available On-Demand

By NAIFA on 11/11/22 11:55 AM

NAIFA's Limited & Extended Care Planning Center hosted "Don't Be Scared of Long-Term Care," on Monday, October 31 to help kick off Long-Term Care Awareness Month. If you missed any of the sessions that day, or want to revisit particular talks, recordings of all eight presentations are now available to watch on-demand.

Topics: Long-Term Care NAIFA Events Webinar Limited & Extended Care Planning Center Insurance Webinar
1 min read

Long-Term Care Crisis ‘Sneaking Up on Most Americans’

By NAIFA on 11/3/22 9:54 AM

On Monday, October 31's "Don't Be Scared of Long-Term Care," NAIFA's Executive Director of Centers of Excellence, Carroll Golden, addressed the crisis of long-term care that is sneaking up on most Americans. "When we look at the cost of care, it’s only increasing and it’s increasing dramatically," she said at the Limited & Extended Care Planning Center's annual Impact Day.

Topics: Long-Term Care Limited & Extended Care Planning Center
1 min read

Tackle the Scariest Topics in Long-Term Care at LTC Impact Day 2022

By NAIFA on 10/19/22 11:32 AM

We're kicking off November's Long-Term Care Awareness Month on Halloween, Monday, October 31 to get the message out that you don't need to be scared of long-term care conversations!

NAIFA's Limited & Extended Care Planning (LECP) Center is hosting "Don't Be Scared of Long-Term Care," a free, day-long virtual program from 9 am to 5 pm. Included are interactive sessions from industry leaders who will address the scariest of topics in the long-term care arena. 

Topics: Long-Term Care NAIFA Events Webinar Limited & Extended Care Planning Center Insurance Webinar
2 min read

These Two Trends Signal Much Higher LTC Costs in the Future - Regardless of Inflation

By Tom Riekse Jr. on 8/24/22 3:19 PM

Designing a LTC plan that will have appropriate benefits in 30 or 40 years can be really challenging! Despite that, many older LTC policies have actually done a pretty decent job of keeping up with the cost of long-term care. How do I know? Well, my Mom purchased an LTC Insurance policy from CNA Financial back in 1991. The initial benefit was $100 per day with a 5% automatic inflation increase benefit. Now, she is receiving care in a private room in an excellent nursing facility. The facility charges $420 per day for care, less than the $454 benefit daily benefit of the policy. The policy covers ALL the cost of her care. 
 
Of course, that is an anecdotal example. Some policies have not kept up with the cost of care, especially those without inflation riders. Fortunately, however, many of the dire, scary predictions during the early 90s related to the cost and availability of care haven't come true. Although stressed by the pandemic, there is currently a strong infrastructure of home care, assisted living and skilled nursing facilities. People pay for care using their LTC policies, riders on life policies, or retirement savings.
Topics: Long-Term Care Trends Long-Term Care Insurance Limited & Extended Care Planning Center

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