Senior Life & Annuity Internal Wholesaler with AdvisorNet Insurance, Cathy Barner will discuss Alternatives to Self-Insuring for LTC.
As we age the likelihood that we will need long-term care increases. There are many ways we can plan for the potential need for LTC. Traditional LTC policies are a good option, however they have not reached the penetration levels hoped for. Some reasons are stricter underwriting, price increases, and the fact that some will have paid for a product they may have never needed and feel that they are “out” that money. Self-insuring can be very expensive and could devastate a person’s savings. Even the very wealthy could take a huge hit incurring hundreds of thousands of dollars for potential LTC expenses; Cannibalizing their assets that they could have left to their heirs.
In recent years Linked Benefit products that combine life or annuity and long-term care have emerged and are reaching a new group of consumers. This course will cover these various products and how they could be a good alternative to self-insuring for LTC.
Senior Life & Annuity Internal Wholesaler with AdvisorNet Insurance, Cathy Barner will discuss Alternatives to Self-Insuring for LTC.
As we age the likelihood that we will need long-term care increases. There are many ways we can plan for the potential need for LTC. Traditional LTC policies are a good option, however they have not reached the penetration levels hoped for. Some reasons are stricter underwriting, price increases, and the fact that some will have paid for a product they may have never needed and feel that they are “out” that money. Self-insuring can be very expensive and could devastate a person’s savings. Even the very wealthy could take a huge hit incurring hundreds of thousands of dollars for potential LTC expenses; Cannibalizing their assets that they could have left to their heirs.
In recent years Linked Benefit products that combine life or annuity and long-term care have emerged and are reaching a new group of consumers. This course will cover these various products and how they could be a good alternative to self-insuring for LTC.
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Venue
Minneapolis, MN 55415 United States + Google Map