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July 2017 LTC Newsletter

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LTC in the News

The word is spreading. Major news outlets are letting the American people know the importance of long-term care (LTC) planning. Are you? Here are a few recent third party articles.

Top News

States Moving in the Right Direction on Long-Term Care Services

Picking Up the Pace of Change: A State Scorecard on Long-Term Services and Supports for Older Adults, People with Physical Disabilities, and Family Caregivers,” the third in a series, found that the pace of improvement in long-term care is scattered and incremental, and the cost of care remains prohibitive for most of the middle class. Read more

Advising Female Clients of the Sandwich Generation

It is estimated that by the year 2020, women are going to control 67 percent of U.S. wealth, according to a study by Fidelity Investments. And we know that currently the majority of primary caregivers for children and elderly parents are women. Chances are in the next few years, you’re going to see more female clients who are working full time, taking care of their children, and taking care of their older, and possibly ailing, parents. Read more

Long-Term Care: Not If, but When

Figures from the U.S. Department of Health and Human Services show that nearly 70 percent of people turning age 65 will need long-term care at some point in their lives. Yet, according to a study by the Associated Press–NORC Center for Public Affairs Research, only 54 percent of Americans age 40 and older have planned for long-term care. Read more

Maximizing Tax Deductions for Long-Term Care (LTC) Insurance

With the 1996 introduction of “tax-qualified” long-term care insurance under the Health Insurance Portability and Accountability Act and IRC Section 7702B, Congress affirmed that long-term care insurance benefits are tax-free, and began to offer tax benefits for purchased LTC insurance coverage. However, over the years the evolving landscape of both individual tax deductions in general, and long-term care insurance tax preferences in particular, have created a confusing myriad of options to purchase LTCI and receive favorable tax treatment. Read more

What Really Happens Without Insurance?

Be a person of action – Make sure if you hold a life and health insurance license you fully understand the due diligence of offering this service to every single client you encounter. Do you want clients to have limited choices in their life? Should clients self-insure these needs or could some additional planning solve the problem? Are you looking at your clients holistically and offering services to help both them and their spouses or significant others? Read this article to see the importance of having these discussions with your clients before it’s too late.

Alzheimer’s Quick Facts [Infographic]

The number of Americans living with Alzheimer’s disease is growing — and growing fast. An estimated 5.5 million Americans of all ages have Alzheimer’s disease. Check out some more interesting Alzheimer’s statistics.

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Highland Capital Brokerage

Highland Capital Brokerage

Highland Capital Brokerage is committed to developing client-focused relationships with financial advisors using our core competencies of life insurance, annuities, and long-term care. We distinguish ourselves by providing point-of-sale support, advanced marketing, and creative estate and business planning techniques.
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