Your Client Received An LTCI Premium Increase Notice. What's Your Advice? LTCI Class 1

LTCI Resources Financial Planning Professionals

Before Taking Class 1
LTCI Class 1 Description  

Glenn S. Daily
03/22/22 4 PM EST
CFP® Live CPA IWI
Program Id: 748159299
7.8
Average Attendee Rating
Poor Average Excellent

Before Taking Class 1  

Below is a one-minute video about the LTCI evaluation report advisors can output for their clients. The sample report provides crucial analysis informing how to evaluate LTCI policies

 

 

Class Description: Your Client Received An LTCI Premium Increase Notice. What's Your Advice? 

LTCI Class 1 in a two-part series.

 Long-Term Care Insurance (LTCI) has been available to consumers for less than 50 years. With little historical data to draw from in pricing policies, insurers over the last several decades often made overly optimistic assumptions. As a result, today's LTCI policy owners often are receiving premium increase notices. They are forced to accept lower benefits or to pay more to keep their current benefits.

The learning objective of this class is to show practitioners how to give the best advice when a client gets a premium increase notice for an existing LTCI policy.

Participants learn about key concepts in valuing LTCI policies. Case studies demonstrate how to move from before-tax to after-tax results, how to move from benefit-cost ratios to scenarios, and how to incorporate additional information.  

●  Introduction (5 minutes)
●  Valuation of LTCI policies (30 minutes)
  -  Overview of multi-state modeling
  -  What are the states?
  -  What are the transition probabilities?
  -  Discounting for probability of occurrence and time value of money
●  From valuation to advice: Case studies (45 minutes) 
 -   Moving from before-tax to after-tax results: Adjusting the numerator and denominator of the benefit/cost ratio
  -  Moving from benefit/cost ratios to scenarios: What is the plan for each path from good health to death?
  -  Incorporating additional information: Health, policy features, other resources, personal experience
●  Q&A (10 minutes)


Glenn S. Daily is a fee-only insurance consultant and the co-founder of Tell Us The Odds, LLC, an online platform for analyzing LTCI policy options.

This webinar is eligible for 1.5 hours of CFP® CE, PACE credit toward the CLU® and ChFC® designations, 1.5 hours of CE credit towards the CIMA® and CPWA® certifications, and 1.5 hours of live CPA CPE credit.


More than 50 hours of CFP® CE credit and more than 100 hours of Investments & Wealth Institute® credit on replays available 24/7 to paying members ($120 annually) of
Advisors4Advisors.com. CPAs are eligible to receive CPE for attending live webinars only. To learn how to receive continuing professional education credit viewing webinar replays, please see our detailed instructions.

User reviews

56 reviews

 
(52)
4 stars
 
(0)
3 stars
 
(0)
 
(3)
 
(1)
7.8
Average Attendee Rating
Poor Average Excellent
Already have an account? or Create an account
View all reviews View most helpful
7.0
Average Attendee Rating
Poor Average Excellent
Was this review helpful to you? 
8.0
Average Attendee Rating
Poor Average Excellent
Was this review helpful to you? 
10
Average Attendee Rating
Poor Average Excellent

Timely and necessary.

Was this review helpful to you? 
10
Average Attendee Rating
Poor Average Excellent

I joined the webinar late but his analysis appears to be insightful and something I can use for clients.

Was this review helpful to you? 
10
Average Attendee Rating
Poor Average Excellent

Good

Was this review helpful to you? 
View all user reviews