October 2023 Edition

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 October! ??

??LTCi Market Updates

We continue to see new LTC planning strategies. Some recent highlights include:

GROUP/WORKSITE LTCI

Chubb Lifetime Benefit Term (Term life to age 121 + LTCi extension rider) for associations! In addition to employers, this LTC focused hybrid product is now available for eligible associations, PEOs, and affinity groups in most states.*

• Guaranteed issue with true 7702(B) LTC rider*
• LTC acceleration of the death benefit at 4% for the first 25 months
• LTC extension of benefits at 4% for up to another 25 or 50 months*
• Restoration up to 50% of the death benefit after LTC is used for a residual death benefit*
• Members have to be actively-at-work or spouses of workers with dedicated LTC education and enrollment support provided on our BuddyIns?enrollment platform

We partner with brokers and GAs on the enrollment, but do not require changing your contracts. Direct message me for more information.

*Associations are underwritten on a group-by-group basis?and product features may vary by state.

INDIVIDUAL LTCi

• Traditional LTCi and Hybrid LTCi pricing from NGL and Nationwide are now available for Benefit Buddy plan designs in the Buddy System.

?? Read all market updates in the Buddy System under Announcements. There are both Free and Premium memberships available.

??ICYMI

Catch up on important LTC sessions you may have missed.

? Blog: Winning with Wendy | Finding Your Inner Champion

? Article: It's Back! Sudden Resurgence of LTC in The Market

? Video: What would help todays caregivers understand their future needs?

??Community Discussion

"62 yo male with no chronic conditions, so decent health. He is in New York and only wants to spend $2500 per year. He only wants traditional LTCi which is good since he will probably get the most out of that product. Wondering what everyone's preferences are, even though New York is limited".

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

November is Long Term Care Awareness Month. Watch the Buddy System for our new Social Media Module in the Learning Lab. It will feature an LTC Awareness Month Bundle for Buddy System Premium members! You will have access to graphic templates in Canva, engaging pre-written captions, calendar posting schedule, email templates, and much more!

Start your 30-day Premium Membership FREE Trial today!

???Save the date

CLTC Foundations

Foundations is a new 4-hour virtual course create by LTC planning specialists to help planners and advisors gain the confidence to open and manage long term care conversations. The event will be held on November 13, 2023 11am-4pm PDT. Those who register for this class will also receive a $400 discount on the CLTC Masterclass.

??To learn more, contact Max Brewer [email protected]

How More American Families Can Fund Long-Term Care

Join Olympic Gold Medalist and US Olympic Hall of Famer, Wendy Boglioli, and myself on this webinar for financial professionals and consumers alike. Invite your colleagues, prospects, or clients to an educational session.

You know we like to make it fun: Register Here

??See you in Vegas?

Join me at Insuretech Connect (ITC) in Las Vegas from October 31st - November 3rd. Featuring the world’s largest gathering of insurance innovation – offering unparalleled access to the most comprehensive and global gathering of tech entrepreneurs, investors, + insurance industry leaders.

Message me for a discount code on your registration.

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!??