LTCi Newsletter - March 2024

This monthly publication is packed with useful updates to make it easier to understand the long term care insurance industry. We hope that you find this info relevant and beneficial to your practice. - Happy March! ??

?? What's New at BuddyIns?

Learn more about the fastest growing market in long term care with a membership to the Buddy System: https://www.buddyins.com/partner/

• Employers and associations representing nearly 1,000,000 employees primed for education on long term care planning through the BuddyIns LTC enrollment programs.
• Actively-at-work members or retiree groups may be eligible to purchase a guaranteed issue offer with no health underwriting during a special enrollment period.
• Group LTCi solutions have long-term care focused features along with the guarantees of life insurance including full portability to individual coverage, guaranteed level rates, and a life insurance benefit included.
• Employer funded group LTCi may be offered as an executive benefit with tax advantages to employer and employee.

?? Industry News

Technology and Long Term Care

Navigating the complexities of long term care planning and caregiving for your clients can often be challenging. In our latest article, we explore innovative technologies designed to simplify and empower your conversations in this area. With these tools, you can communicate financial realities and provide your clients with the knowledge they need to plan effectively for the future.

Key Highlights:

• Genworth Cost of Care: Recently updated this resource provides crucial insights into the costs of long term care, helping clients plan for the future.
• Benefit Buddy: Share the power of long term care insurance leverage. Clients can see benefits of various solutions, providing them with clear understanding.
• TCARE: Explore a platform that offers comprehensive support for caregivers, aiming to reduce stress and improve overall well-being.

Technology is reshaping the landscape of long term care, offering tools that empower you to provide guidance with confidence. By leveraging these resources, you can enhance your ability to support your clients effectively.

?? Read Article

ILTCI Recap

??ICYMI

Catch up on important LTC sessions you may have missed.

? Article: New York Proposes Long Term Care Trust Program

? Magazine: Voluntary Benefits Voice

? Study Group Replay: Group LTCi Quoting Process

??Community Discussion

"Can someone set me straight on the Short Term Care policy feature where you get a restoration of benefits? What does that mean exactly? Is it if you don't use the benefit for the whole year or term that it can get restored and be used again at a later date?"

That's just one question that came through our Facebook group, Ask the Long Term Care Insurance Specialists . Get in on the discussion and expand your knowledge by joining the group and engaging in the conversations.

??LTCi Education

NEW Buddy System Options

The Buddy System just got even better! The latest update has been designed to cater to your unique needs at every stage of your business journey. We're introducing new membership levels, ensuring you find the perfect fit - whether you're just starting out or looking to expand your reach.?

Explore the benefits of these membership levels and how we can support your growth, making the business of long term care insurance easier for you.

??? New Member Options

Stay up-to-date with the latest group LTCi strategies by joining our new weekly LTCi Group Study sessions every Tuesday at 1PM PST. These interactive sessions are focused on helping you identify the growing opportunities in the group market.

Join our community agents and advisors to discuss case studies, carrier solutions, sales tactics and more for group LTCi sales. Whether you're already selling group or want to break into this market, these sessions are excellent opportunity to enhance your expertise and network with peers.

Add the weekly sessions to your calendar now so you don't miss out: https://www.addevent.com/event/vs19612672

P.S. Missed a previous Worksite Study Group sessions? No worries! Replays are waiting for you in the Buddy System .

???Save the date

Medicarians - April 8-10, 2024

Join over 2,500 industry professionals at this conference. You can expect to enhance your knowledge and develop new partnerships. The conference will feature dedicated sessions on age tech and caregiving solutions.

?? REGISTER NOW

Be part of the community ??

?? There is no membership fee to join the weekly Buddy Study Group to deep-dive into Group and Individual LTCi. All financial professionals are welcome.

Did you find this newsletter helpful or insightful? Be sure to "Subscribe" below to receive future newsletters and always be up to date on the LTCi market!??