Multimedia Resources
Perhaps the best way to convey the importance of Healthcare In Retirement and Long-Term Care Planning is through the thoughts and experiences of others. Please click the links below to view REAL LIFE examples about Long-Term Care Planning and potential solutions.....
The Importance of Long-Term Care (LTC) Planning - #1
As costs for care increase, it’s vital to incorporate LTC into retirement planning conversations with clients. This Brighthouse Financial video features aging, longevity, and LTC Planning experts discussing why covering LTC needs is beneficial to a financial professional’s business and when you should talk to your clients about it.
Planning for Long-Term Care: Here’s What You Need To Know
Most Americans turning 65 today will need long-term care in their lifetime, and how to pay for that care is an increasing worry for many. CNBC’s ‘Squawk Box’ explains what people need to know about planning ahead for long-term care.....
The Importance of Long-Term Care (LTC) Planning - #2
Lincoln Financial Group provides insight from Moshe Milevsky, Professor, fintech entrepreneur, and author– as he examines the benefits of planning for LTC expenses. In the series, Mr. Milevsky discusses misconceptions people have about Long-Term Care plans, taking advantage of tax-efficient options, and how LTC plans help mitigate risk and provide portfolio protection.
The Wait: The Struggle with Cognitive Impairment In A Family
This short film shows the heartbreaking reality of caring for an ailing parent while juggling the challenges of day-to-day life.
Simply Speaking - Paying for Long-Term Care
Long-Term Care (LTC) is for help with things your clients do every day (like getting out of bed, cooking, or getting dressed) that they become unable to do because of a health issue. LTC can be very expensive and health insurance, Medicare or Medicaid won't cover a client's LTC needs. This brief video explains planning gaps most clients have and one way you can help fill them.
Unscripted: Real People and Real Stories
Caregiving for loved ones and making Long-Term Care decisions are emotional situations for your clients. These videos from Nationwide feature real, unscripted people sharing their stories.....Use them to help you start conversations with clients about the emotional impact Long-Term Care can have on a family.
Holiday Memories & The Struggles of Cognitive Decline
The best part of the holidays is the memories, the ones we make and the ones we reminisce. This is a heartwarming story about a woman’s holiday journey to give her grandmother the gift of memories from years past.
Long-Term Care Planning Solutions INERTIA Recommends
In this section, you can review (and hopefully share) videos for various Long-Term Care planning solutions INERTIA recommends. As always, please don't hesitate to contact us to discuss specific products or cases you're working on.
The solutions may not be available in all states..
Protecting The Things That Matters Most
This video can help you show clients how Long-Term Care Planning can help protect the things that are most important – spending time with
family, staying in the home they love and using their nest egg to make retirement dreams come true.
The solutions may not be available in all states..
This podcast from John Hancock Life discusses the importance of having a plan for long-term care, and how it can help mitigate the consequences associated with informal caregiving for your clients.
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Tax-Advantages of Annuity-Funded LTC Planning
Mike Padawer, president if INERTIA, joins "The Insurance Experts", a weekly video blog for planning stories & strategies for Long-Term Care planning. In this episode, Mike provides details about Annuity / LTC Hybrid solutions and the little-known funding strategy using the Pension Protection Act to turn gains in an old annuity into Tax-Free benefits to cover Long-Term Care expenses.
The solutions may not be available in all states..
Dementia Can Be A Huge Financial Hit
Dementia left Terry Berry bankrupt.....The former elder care nurse, diagnosed at age 56 with frontotemporal dementia, lost her job, which ultimately led to her financial demise.
Suze Orman on Long-Term Care Planning
Suze shares her personal experience of expensive around the clock care she funds for her mother. Suze suggests implementing a Long-Term Care Plan in your late 50s, but only if you're sure you'll be able to afford it 20 years down the road.
A Window Into the Daily Struggles of Long-Term Care
Like most Americans, those who develop Alzheimer's disease have usually done very little to plan for their Long-Term Care. More than five million Americans now suffer from the disease and related dementias. Barring a breakthrough, the figure could triple by 2050.
Healthcare Costs in Retirement
When it comes to health care bills, millions of Americans may come up short and it will only get worse as you age. Business and financial expert Dan Geltrude joins CBSN to discuss how to plan ahead for health expenses.
Months after his 65th birthday, Joe Mollicone suffered a stroke that left him partially paralyzed and unable to speak. Joe's insurance starting paying and was enough to cover his home-care needs. Joe eventually reached his policy payout limit but continued to receive benefits because of his policy's shared-care rider allowing him to tap into his wife Theresa's benefits. Because of the couple's wise planning, Joe received the care he needed and most of their retirement savings were preserved.
How More Americans Are "Aging In Place"
The average American over the age of 65 will need roughly three years of long-term care, on average, according to government estimates. To get that care in a nursing home costs about $72,000 per year. But from D.C. to Massachusetts, Minnesota to California, Americans are devising innovative plans to help more people save money and stay in their homes longer. Here are a few examples.
Kiplnger's: How Much Long-Term Care Coverage?
As adult Americans we often wonder what the future hold for us. Yet with so many conflicting priorities to address today, it's easy to put off thinking about planning for our own future needs. The purpose of this video is to help raise awareness of this important issue and serves as a catalyst to start planning for your families future long-term care needs today.
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