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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

A CLTC Teachable Moment… The Power of Starting a Conversation

By CLTC on 6/8/21 2:31 PM

Three Compelling Reasons Why Planning for Care is in Your Client's Best Interest:

  • Impact on loved ones
  • Lifestyle
  • Financial Security

Having a plan for long-term care can help ensure that clients: don’t overburden loved ones; maintain their lifestyle, for themselves and their partner; and maintain future financial security.

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

CLTC Offers "A Teachable Moment"

By CLTC on 4/15/21 5:07 PM

The Certification for Long-Term Care has produced a fact sheet, "A Teachable Moment: The Power of Starting a Conversation," to help advisors start conversations with clients about the importance of extended care planning. It offers facts and statistics that emphasize the importance of planning.

Topics: Long Term Care Extended Care CLTC Limited & Extended Care Planning Center
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
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 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 best practices Limited & Extended Care Planning Center
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 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

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