Author Archive
The Scan Foundation: “Growing Demand for Long-Term Care in the U.S. (Updated),” 2012-06-01
This fact sheet describes trends that contribute to the growing demand for long-term care among Americans. The Scan Foundation anticipates significant growth in the demand for long-term care based on U.S. population is also living longer, often with chronic illness and disabling conditions. It is estimated that the long-term care need will increase from 12 …
Life Health Pro: “Using Facts to Combat the Long Term Care ‘Self-Insurance’ Plan,” 2010-04-06
Learn how to combat the “I’ll just self insure” objection. Americans are dramatically underprepared to pay for long-term care. According to the National Clearinghouse for Long-Term Care Information, 70 percent of people over age 65 will require some type of long-term care services during their lifetime. On average, care will be required for three years. …
Life Health Pro, “Embrace Asset-Based Long-Term Care Products,” 2013-11-05
Rate hikes and facts make long-term care products more viable than ever. While rate hikes in standard policies concern consumers, hybrids, riders and facts are driving the consumer to long-term care products. A great LTC feature is death benefit paid to heirs if the policy is not used or exhausted in entirety. Qualified assets in …
Insurance.com: “Baby Boomer Trend: Asset-Based Long-Term Care Insurance,” 2012-07-09
The American Association for Long-Term Care Insurance reports that buyers are getting younger, the majority now being under 65. Low interest rates may be driving the increase as consumers look for ways to get a better return and or use of their funds, and at the very least provide money to their heirs if they …
Forbes: “New and Unexpected Ways to Fund Long-Term Care Expenses,” 2014-04-21
Long-term care planning is much more than just buying insurance. Less than 10% of people have a long-term care plan, and only 8% have long-term care insurance. Yet nearly 70% of people will need long-term care at some point in their lives. Discover how hybrid policies a combination of life insurance and long-term care policies …
American Banker: “Is it Time to Bring Life Back to Banks?” 2014-06-26
For the last 20 years, there have been marked changes in both banking and insurance. Some banks gravitated to auto and homeowners insurance, because they were straightforward, quick transactions. Some banks became interested in getting into the insurance business. Insurance providers used to lack innovation from both a product and technology basis. That has changed. …
Daily Finance: “9 Reasons You Should Take another Look at Whole Life Insurance,” 2014-03-05
A properly designed whole life insurance policy can provide your clients with the ability to live the life they want. Lack of information can challenge a viable product in the marketplace. Properly designed, a whole life product can provide principal protection, annual guaranteed growth of money, non-taxable dividends, access to cash, death benefits and more. …
Investopedia: “Let Life Insurance Riders Drive Your Coverage,” sourced 2014-09-14
To cut premium costs, it is always a good idea to get a rider at economical rates. Riders provide several kinds of insurance protection. Of course, for that you have to meet the rider’s outlined conditions. This article delves into various types of riders and discusses the ways they can drastically affect the way you …
Fox Business: “The 9 Most Useful Life Insurance Riders,” 2011-02-35
This is a great article that advisors can give to clients. Basically, it explains how life insurance riders offer flexibility, extra benefits, and peace of mind. It reviews different types of riders, including: waiver of premium, disability income, guaranteed insurability for declining health, term conversion, and accelerated death benefits. The article emphasis that there is …
