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 [...]
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 [...]
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 [...]
This decision by Canada's banking ombudsman will help the federal government and 600 banks and financial services across the nation gauge, for the first time, just how badly Canadians with diminished capacity are being mistreated when it comes to their money. Globe and Mail September, 2010 As Canada ages, dementia is our next national health crisis. And governments have no plan to fight it. The facts: [...]
CBC NEWS | Online report – 23 August 2010 Canadians are concerned their quality of health care will decline from the strain posed by aging baby boomers, a new poll suggests. The Canadian Medical Association (CMA) carried out the poll in June 2010 by as part of its annual report card focused on access to health-care services. "This year our report card shows young adult Canadians [...]
News flash from the Long Term Care Planning Network!! Karen Henderson is delight to announce that she has completed and passed the LLQP A & S course and exams that now qualify her to sell living benefits products. “Given my extensive aging and long term care knowledge, and years of experience working with advisors and their clients, it made sense to take my LLQP and close [...]
By Jesse Slome AALTCI Individuals purchasing long term care insurance in 2009 tended to be slightly older and selected less costly policy features, according to the American Association for Long-Term Care Insurance (AALTCI) annual study. The organization's research was based on an analysis of 155,000 individual placed policies. Clearly, the economy is having an impact on when individuals start their long term care planning and what [...]
