What is Long-Term Care Awareness Month?
November is Long-Term Care Awareness Month (LTCIAM), dedicated to making sure your clients and prospective customers are informed about the need for LTC. We’re giving you the tools you need to talk to your clients about long-term care insurance.
Most people think they won’t need long-term care, but the fact is that 70% of Americans over age 65 will need it at some point in their lives. That’s why it’s important to plan ahead and have a policy in place.
We know it can be difficult to think about, but planning for long-term care is one of the most important things you can do for your clients. Our tools make it easy – so there’s no excuse not to get started today. Use our free long-term care planning tools today and work with us this month to help your clients get the coverage they need.
Grab & Go Resources
Carrier Specific Resources
Mutual of Omaha
Ready for Easier Access to Online Guides and Marketing Materials?
- NOW DIGITAL! Product Guide & Underwriting Guide – Find product specific details and all the underwriting parameters you need to know.
- The Need for LTCi Video Flyer – Share with any clients considering LTCi.
- Cost-of-Care Calculator, Sales Tools & Ideas – Brochures, calculators, collateral and more are linked in this piece.
- Social Media Posts – Join our Brokerage Facebook & LinkedIn pages to access our social media posts – content for you to share to producers and consumers!
- Webinar – Register to attend our Claims Webinar, where we will share detailed claims statistics and how to use them in sales ideas during Long-Term Care Awareness Month and beyond.
Start talking about LTC during Long-Term Care Awareness Month.
- Understand and plan for long-term care
- Speak to their loved one about their potential LTC needs
- Identify resources that can help those who provide care look after their loved ones
What is Critical Illness Insurance?
Critical illness insurance is a form of insurance that pays out a lump sum benefit if you are diagnosed with a covered critical illness. It is similar to regular life insurance, but has some key differences.
How Does Critical Illness Insurance Work?
The main difference between critical illness and regular life insurance is that the policyholder must be diagnosed with one of the listed illnesses before they can receive any benefits from their policy. The amount that you get paid out varies depending on the type of policy you purchase, as well as what kind of coverage you choose for each illness listed in your policy.
For example, if you purchased a policy and were diagnosed with heart failure, you would receive $50,000 or more depending on how much coverage you chose for that specific illness.
Critical Illness Insurance is More Than Just Cancer Coverage
Covered illnesses include cancer, stroke, heart attack and organ failure. Some policies cover multiple illnesses and some are specific to certain illnesses. In this article we’ll take a look at what these benefits entail.
Critical illness insurance is a valuable way to protect your family’s future from the devastating financial impact that an unexpected, critical illness can have—far more than regular life insurance. There are many different types of critical illness policies, each with their own benefits and limitations. You should talk to a financial advisor to find the best policy for you.
How can I get Critical Illness Insurance?
If you’re interested in getting critical illness insurance, we can help! Here’s what you need to know:
First, get a quote from an approved insurance agent. That way, you’ll know the exact cost of the policy and be able to compare it with other quotes. You’ll also have an idea of what kind of coverage is available and what costs will be covered by your policy.
Next, check the policy details to make sure it is suitable for you. Does it cover all of your needs? Is there anything that might cause problems later on down the line? This is a good time to ask any questions about exclusions or limitations so that there aren’t any surprises later on down the road.
Then, ask about any exclusions or limitations. For example, if you’re concerned about cancer but aren’t sure whether your policy covers that specific diagnosis, ask about exclusions before signing up for coverage! It’s always better to know these things ahead of time so that there are no surprises once everything goes through—and so that you can make an informed decision about whether or not this policy is right for you!
Finally, make sure the policy covers the critical illness!
It’s important to note that most critical illness insurance policies pay a lump sum benefit upon diagnosis of a covered critical illness. We offer critical illness insurance with a lump sum benefit upon diagnosis of one of our covered critical illnesses. The lump sum benefit can be used to pay for medical bills, a mortgage, a car or an upcoming vacation.
See how the hybrid LTC market has changed as carriers continually update their products to be competitive for your clients. Join our LTC specialist as Michael Sato, CLTC®, LUTCF®, FSS shares his knowledge of the LTC landscape and what these changes mean for you.
Presented on July 7, 2022 at 9:30 AM HST
Presented by Brant Yamamoto, ACS, FSS & Michael Sato, CLTC®, LUTCF®, FSS
In today’s turbulent times with rampant inflation, and the market seeing a correction from historic highs, come and join us as we look at some quick sales tips on using the safety of life insurance to not only protect your money but also grow it.
Interested in learning the latest underwriting information and how to get your cases through smoothly? Join us as Kevin Okumura, CFP® shares the latest underwriting information and how to find opportunities for complicated cases!
“Kickoff Disability Insurance Awareness Month 2022”
Presented on Tuesday, May 3 at 9:30 am
Understand the difference between Temporary Disability Insurance and Long-Term Disability Insurance. We will focus on the details and intricacies of temporary disability insurance, how to qualify and why you may need it.
*This presentation has NO recording. Slides only. For questions, please contact Michael Sato at email@example.com.
May is Disability Insurance Awareness Month! Disability insurance is arguably the most misunderstood of major insurances as 50% of Americans said that they would rely on savings to cover their needs if they became disabled.
If 60% of US Households have less than $6,275 in liquid savings; an amount equal to three months of income at the poverty level, how will a family or business avoid bankruptcy should he/she become disabled?
Let us help you educate your clients so they can protect their family or business should they become disabled. Here, you’ll find carrier-specific Disability Insurance resources including infographics, and social media content.
DISABILITY AWARENESS MONTH RESOURCES:
- MassMutual Disability Insurance Toolkit
- Marketing materials, stats video, and infographics
- Mutual of Omaha Disability Insurance Guide
- Consumer highlights sheet, product brochure, and video
- Principal Conversation Starters
- Digital toolkit, testimonials, and social media content
A DISABILITY INSURANCE PRODUCT FOR YOUNG ADULTS
“I applied for $150,000 of coverage and $1,500/month in disability benefits for two years and was able to do a quote and application from the Assurity producer website in 10 MINUTES. Best of all, the premium was very affordable at $37.66/month.” – Michael Sato
Be the hero to your declined clients or use the product as an affordable door-opener for life coverage with your young adult clients. Call Occidental Underwriters for more information at (808) 536-1933.
Learn how one successful business has been navigating through rapid changes in the industry by joining our webinar with Kelley Tom, MBA, CFP®, CDFA® from Summit Financial Advisors. She will be sharing their top tips on marketing, selling, and connecting with clients in this hybrid environment.
Assurity Life has a new product that is great for uninsurable clients. They will also share unique sales concepts for Term with ROP and Whole Life. We’re excited to welcome back David Everly, Senior Sales Manager, and Lorraine Jessich, Regional Wholesaler to show what is Hot with Assurity in 2022!
- NEW! Accidental Death Insurance Plus (Who is this right for?, How to quote and submit cases)
- Compelling Life Sales Ideas (Term Living Benefits – Critical Illness, Own Occ DI, and ROP, Whole Life College Funding, Buy Term or UL? That is the question!)