Webinar – The Future of Long Term Care Insurance

January 24, 2018

Ron Cohen and Blair Farwell invite you to attend their Future of Long Term Care Insurance Webinar.

Topics to be Presented:

  • Where has the LTC market been over the last 30 years? Where do we foresee it going in the future?
  • What have the carriers learned/systemically changed in order to make a brighter future for this product?
  • What’s new for brokers to sell in 2018?
  • What Linked Benefit plan designs/configurations are clients buying and why?
  • What are the dangers or pitfalls in some Linked Benefit programs?
  • Exciting new products to be available this YEAR.
  • The worksite marketplace and exciting new opportunities.
  • All products discussed in the webinar are represented by carriers rated A- or better.
  • If you’re a seasoned LTCi Broker or want to enter this lucrative field, you don’t want to miss this webinar!

Full Details

 

LTCi Claims Paid Rise 6.4% to $9.2B in 2017

January 18, 2018

Long-term care claim benefits paid by insurers rose 6.4 percent from 2016 to 2017, with to $9.2 billion in claims paid, the American Association for Long-Term Care Insurance (AALTCI) reported Wednesday.

About 295,000 individuals were on long-term care claims last year. That represents an increase of 5.4 percent, or 15,000 people, compared with 2016, AALTCI also reported.

“The total of all benefits paid increased as did the number of long-term care insurance policyholders on claim,” Jesse Slome, AALTCI executive director, in a news release

The total value of the claim benefits is likely higher than the $9.2 billion reported since thousands of individuals who own linked-benefit life insurance or annuity policies also receive long-term care benefits, Slome said.

LTCi policies help families defray the cost of long-term care, which can easily run more than $50,000 a year in many places.

“Without insurance to pay some or all of the cost, the caregiving responsibility often falls on elderly spouses or adult children caring for their aging parents,” Slome said.

Full Article


Industry Articles

January 18, 2018
  • Ways to Help Americans Save More for Retirement
    Their hope for peace of mind in old age may start with you. Read more.

 

  • Transamerica to Outsource Life, Voluntary Benefits and Annuity Administration
    Employees whose roles are in scope will be offered jobs by Tata, executives say. Read more.

5 Questions to Boost Your 2018 Life Insurance Sales

January 12, 2018

By Kenneth A. Shapiro

We’re all familiar with the formula for success in a new year.

We’ve heard the same words every year. They go something like this: Make more calls, talk to more prospects, prepare better proposals, and work harder than ever.

While every advisor can benefit from such advice, it may not be enough. Even though advisors may know how to sell life products, they can be more successful if they ask themselves five questions.

Full Article


LTC Awareness Fact of the Day

January 5, 2018

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Fact of the Day