By James Daw Two Kitchener brokers have developed a new insurance policy to protect you if you become an executor or trustee and you fear being sued by dissatisfied heirs. The Waterloo insurer that backs the insurance would pay for a lawyer to defend you against allegations you sold property or investments at the wrong time or price, played favourites with heirs or put your own [...]
When your parents can’t take care of themselves A look at the basics of eldercare and how to pay for it The financially well-prepared senior A checklist of items that aging parents should discuss with their kids and a look at key documents to prepare Having ‘The Talk’ with aging parents How do you raise the topic of estate planning and wills, tactfully? Rob Carrick takes [...]
As found by a U.S. landmark study, Our Family, Our Future: The Heart of Long Term Care Planning, sponsored by Genworth Financial (Genworth) and released by Age Wave and Harris Interactive. Financial Contributions: While only 40 percent of caregivers expect they will contribute financially to the care of a family member, the reality is that 83 percent actually do. Income Hit: In actuality, 63 percent of [...]
The American Association for Long-Term Care Insurance (AALTCI) posted the results of the2010 LTCI Market Study. More than 400 professionals responded to the survey. The results reflect responses by personal producing agents who have sold at least one LTCI policy in the past 12 months. The report stresses success through specialization; more and more producers are turning to specialization as opposed to casually selling the product. So [...]
An announcement from Karen Henderson As you may know, I have been creating educational tools for aging and long term care planning for advisors and their clients since 2003; I have been an aging and long term care expert since 1996. At the urging of many advisors I became licensed to sell living benefits products two years ago and now am very pleased to announce [...]
Total spending on health care in Canada is expected to reach $191.6 billion this year, growing an estimated $9.5 billion, or 5.2%, since 2009, according to new figures released today by the Canadian Institute for Health Information (CIHI). Quick facts on spending Canada is expected to spend $191.6 billion on health care in 2010, up from an estimated $182.1 billion in 2009 and $171.8 billion in [...]
In Canada, "bed blockers" – older people stuck in hospital, ready for discharge, lacking the home support or alternate accommodation they require – occupy 5,000 hospital beds and consume $200 million annually. They clog emergency departments and expand wait times for others. Also known as ALC or alternate level of care patients, they languish in hospitals because there is in most cases nowhere else to send [...]
Earlier this spring I was asked to attend a luncheon that featured a speech by Dr. Jeff Turnbull, President of the Canadian Medical Association (CMA). Dr. Turnbull, chief of staff at The Ottawa Hospital, a much-honoured physician and educator, an Order of Canada recipient and leader in his field, also tends to the homeless as medical director of Inner City Health, a program he helped to [...]
Home Care is "an array of services for people of all ages, provided in the home and community setting, that encompasses health promotion and teaching, curative intervention, end-of-life care, rehabilitation, support and maintenance, social adaptation and integration and support for the family caregiver." (Canadian Home Care Association, 2002.) Services delivered in the home can help people with minor health problems and disabilities as well as those [...]
People claim long term care benefits for a variety of reasons, but Life Plans has released the definitive top five reasons the average claimant (about 61.6-years-old) files a claim. Alzheimer's disease or related dementia Stroke Injury Cancer Other Source LSM Insurance
Important things you should know about selling Long Term Care Insurance (LTCI) This webinar will cover the following topics: LTCI market update The need for long term care Long term care solutions from major companies Sales ideas Field underwriting Application completion (How to paint a full picture for your underwriter) Ongoing service and working together Date: Tuesday, May 3 2011 Time: 9:15 AM – 10:45 AM [...]
Dept. of Fast-Breaking Stories - this just in!!! Geneva, Switzerland World Health Organization officials expressed disappointment Monday at the group's finding that, despite the enormous efforts of doctors, rescue workers and other medical professionals worldwide, the global death rate remains constant at 100 percent. Death, a metabolic affliction causing total shutdown of all life functions, has long been considered humanity's number one health concern. Responsible for [...]
