Protecting Your Client’s Assets: The Importance of Long-Term Care Insurance
Life isn’t scripted. While we plan for the expected, it’s equally important to prepare for the unexpected. As a life insurance agent or financial advisor, this is a foundational aspect of your business in protecting your clients. However, one aspect that often goes overlooked in financial planning is the need for Long-Term Care Insurance (LTCI). In this blog post, we will explore the risks associated with not having LTCI, backed by current statistics on the likelihood of needing long-term care. We will also examine real-life examples of asset erosion when individuals must pay for long-term care out of pocket. As your clients age, the need for strategies that utilize LTCI becomes paramount to their financial well-being.The likelihood of needing long […]
Beyond Disability: Executive Benefits, and Succession Planning for Clients Who Own Businesses
The economic and competitive landscape for business owners today is experiencing tectonic shifts. The Pandemic left indelible impressions on nearly every aspect of business. Uncertainty has an uncanny way of creating new rules for how companies and their employees relate to one another moving forward. Even before the crisis, retaining top talent required benefits packages that included Disability Insurance to protect key employees’ income. Today, however, these needs have increased substantially. Business owner clients rely on their advisors to help them meet these needs in a holistic manner. The focus now must be on how to help these clients not only retain talent through enhanced benefits but also on strategic planning for business succession. We cannot know the future, but we […]