Your clients are not immune to a long-term care crisis
Updated: Feb 9
Over the last 2+ years in dealing with Covid-19, we have become familiar with the term social distancing, been encouraged to wash our hands, and learned about vaccines. However, when it comes to long-term care, there is no vaccine to render your client immune, your client cannot wash their hands of this reality and there is no option to distance oneself from this challenge. Life is unpredictable. All we can do is be prepared.
The oldest baby boomers will be turning 80 in 2025. Age 80 is the mean age to file a long-term care insurance claim, based on reports from AALTCI. This is expected to put a huge strain on the Medicare and Medicaid programs along with our long-term care providers. Labor shortages and increases in the cost of care have been predicted.
Your client’s best defense against the risk of dependency is to plan for long-term care.
Have you spoken to your clients about a long-term care crisis? Your clients are interested in long-term care – either they have been exposed themselves or they know someone who has. They are looking for affordable solutions to their concerns. As long-term care insurance specialists it’s important that we listen to those concerns and provide options that are suitable for each unique client.
Do you have clients that are small business owners? Business owners are often looking for avenues for tax advantages at this time of year. This would be an ideal time to reach out to show them how they can protect their family with LTCi.
If you are one of our LTCi producers that hasn’t purchased a plan yet – you may want to consider the tax advantages as well. This is a great way to learn the process of an application from submission to issue.
For more information on the policies available in your state, please contact one of our marketing specialists at 1-800-945-1953
#covid19 #LTCi #plantoday #longtermcareinsurance #babyboomers #retirement #financialplanning #retirementplanning #Medicare #Medicaid #smallbusinessowners #taxdeductions #caregivers #caregiving #ALZ #AALTCI #Beprepared #longtermcare #homehealthcare #dementia #stroke #CVA #parkinsons