What can be more important than insuring that your clients will always have a paycheck if they are too sick or hurt to work? In the past, selling Disability Insurance (DI) has been complicated and confusing; but this webinar will open the door to the future of income protection.
Bryan Orr, Principal’s Sr. Disability Sales Manager, and Ron Cohen DIA, DIF, DI specialist with Resource Brokerage, will present a new training webinar designed to prepare you to sell Income Protection DI to your client base.
“People continue to mistakenly associate long-term care insurance exclusively with skilled nursing home care,” says Jesse Slome, director of the Los Angeles-based long-term care insurance organization. The Association released findings April 20 from its study of 2017 claimant data.
According to AALTCI, 52.1% of all new long-term care insurance claims in 2017 began in the home setting. “Nearly one in five claims (19.7%) started in an assisted living facility and only 28.2% commenced in a skilled nursing home,” Slome says. The organization analyzed data from six leading long-term care insurance companies.
A long-term LTC planner looks at why the market is the way it is.
By Romeo Raabe | March 28, 2018
Hybrid insurance policies for long-term care (LTC) are very popular and becoming more so each year. Lets look at some of the reasons why. Traditional LTC insurance policies had some significant price increases. These were the first time insurance plans were conceived to cover what had always been done by the wives of our children in the 1950’s. They were put together by actuaries who had no data on how they would be used, or who would be the recipients of such care. Thus they were sold too cheaply to people they never should have been sold to.
That, of course is a recipe for trouble and trouble did occur. The insurers found that hardly anyone drops a LTC policy, especially as they aged and knees, hips, and other things got older. When care is needed soon, you look forward to benefiting from the insurance. Thus price increases happened to keep the pool of this business able to pay claims.
The future of LTCi is here and the key is the RMD!
Resource Brokerage is excited to offer you the opportunity to learn about one of the innovative newer products in LTCi to help your clients protect their retirement assets. Jordan Fields, CLTC, Regional Sales Director of One America, and Ron Cohen, LTC Specialist with Resource Brokerage, invites you to “The Key is the RMD” webinar to learn about using 401(k)s and IRA monies to fund your clients’ LTC needs in a tax efficient way. Don’t miss this opportunity to learn about this important new plan for LTC protection.
Join Tom Merrion and Prudential for a webinar on Linked Benefits.
The new market of Life insurance policies with “Living Benefits” riders
Protection for clients–they do not have to die before accessing policy benefits
Provide peace of mind that lifelong retirement assets are insulated from being depleted by chronic care expenses
Establish your coverage with known guaranteed premiums, daily benefits, and policy maximums
Increases sales by offering plans that have multi-faceted protection
How Prudential’s industry-leading underwriting can win the tougher Life insurance challenges
Large medical expenses in retirement are amongst the top concerns of today’s working population. As advisors, we know that even sizeable retirement savings may be at risk due to a chronic condition-or market fluctuations. While Long Term Care coverage is the traditional answer to this problem, a large portion of clients are looking for products that answer the question, “What if I never need chronic care?”