LTC Funding: How To Compare Standalone LTCI, Hybrid Policies, LTC Riders, and LTC-Enhanced Life Income, Class 2

Glenn S. Daily
Tuesday, March 29, 2022 4PM EST
CFP® Live CPA IWI
Program Id: 821233387
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Standalone long-term care insurance sales have plummeted, as people have moved to other insurance solutions to manage the risk of long-term care expenses. How can you make sense of these alternatives? This class shows practitioners how to extend the valuation process for standalone long-term care insurance to other insurance solutions. Before attending this class, it is recommended that participants first complete the class titled, “LTCI: Your Client Got a Premium Increase Notice. What’s Your Advice?”.

●  Review of LTCI valuation process (5 minutes)
      - Overview of multi-state modeling
      - Valuation of LTCI benefits and premiums

●  The case for standalone LTCI (10 minutes)

      - Past price increases are not likely to be repeated

      - After-tax benefit/cost ratios can be compelling

      - "Use it or lose it" is a strange criticism of insurance

      - New designs are possible

●  Analysis of hybrid policies (15 minutes)

      - Breaking the policy into LTCI and non-LTCI components
      - Moving from before-tax to after-tax results
      - Limitations on the analysis of hybrid policies

●  Analysis of LTC riders (5 minutes)

      - Breaking the policy into LTCI and non-LTCI components
      - Limitations on the analysis of LTC riders

●  Analysis of LTC-enhanced life income (5 minutes)

      - Breaking LTC-enhanced life income into LTCI and non-LTCI components
      - Three ways to get LTC-enhanced life income:
          Commercial annuities
          Redesigned defined-benefit pension plans
          Redesigned Social Security

●  Looking at the bigger picture (10 minutes)

      - Insured population versus general population
      - LTCI claim triggers versus total LTC expenses

      - Care receiver versus caregiver

      - U.S. versus other countries

●  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 one hour of CE credit towards the CIMA® and CPWA® certifications. CFP® CE, PACE credit toward the CLU® and ChFC® designations, and 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.

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he was incredible

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I suggest you offer a class on how to use the LTCI evaluation tool offered on Tellustheodds. A4A members would be more inclined to use it if they could see it in action and what it is telling them that they could relay to their clients in evaluating the clilent's policy. And this would be far more efficient than one on one sessions with the Tellustheodds folks.

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Very insightful. A different and useful approach to evaluate exiting LTC policies.

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