Spring/Summer 2010

News

And there’s more…..

We have had a busy few months redesigning the Long Term Care Planning Network.

It’s now more comprehensive than ever!

Come visit and benefit from a rich array of new content, including a wide selection of articles and an updated product list.

New services include:

• Custom Care Planning Service
• Family Consulting

Take a look at our updated seminar list for 2010.

We look forward to seeing you – please tell us what you think of the New Network!

www.ltcplanningnetwork.com

Study examines LTCI purchasers in the U.S.
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. 

Click here to read more...

Views

Buying long term care insurance is a waste of money!!

“You have more than enough money to pay for long term care if you ever need it, so don’t waste your money buying long term care insurance!!”

That is the advice that many financial advisors, CPAs, attorneys, and insurance agents give to their clients.

So, is it the right advice? Let’s find out.

Click here to read more...

Building trust: Communication and education

In a research study conducted in August 2009, LIMRA found that education and communication are two key elements when it comes to client satisfaction with financial advisors.

A lack of communication was cited by 35% as a key reason for client dissatisfaction, while only 12% cited loss of money as a reason for dissatisfaction. Almost 40% of respondents cited the advisor’s willingness to educate as a critical attribute when selecting a financial advisor.

Why Your Children Shouldn’t Be Your Long Term Care Plan
February 3, 2010   Momentumtoday.com

Here are three frequent responses when the issue of long-term care planning comes up:

1. It won’t happen to me (Get me that crystal ball and I’ll use it to pick stocks too!)
2. I don’t want to think about it (Who does? But statistically it probably will happen)
3. My children will take care of me. (Do they know?)

Click here to read more...

Resources you can use

Estate Planning Smarts
Regardless of your net worth, a good estate plan should accomplish these essential goals:

• Caring for yourself by authorizing people to handle your affairs if you no longer can because of illness or disability
• Specifying who gets what after you pass away
• Providing for children who are minors or who have special needs.

For more information:  www.estateplanningsmarts.com.

LifeTRUST Planning
Since their inception in 1989, LifeTRUST Planning has devoted their activities to establishing programs and services for the benefit of families of people with disabilities, community based service organizations and professional advisors.
For more information visit www.life-trust.com.

Ministries of Health in Canada
http://rcpsc.medical.org/links/government_e.php

Services Quebec – Citizens
www.aines.info.gouv.qc.ca/en/

What to do when someone has died
www.cra-arc.gc.ca/tx/ndvdls/lf-vnts/dth/menu-eng.html