The DI and LTCI Blog - Your Source for Sales Tips and Advice

Do Your Clients Know Their Kids Could be On the Hook for the LTCI Expenses?

Posted by Vincent Benitez on Tue, Mar 5, 2019 @ 13:03 PM

A lot of people don’t plan for long-term care. Maybe they think they don’t need it – even though, according to the U.S. Department of Health and Human Services, 65-year-olds have a 70 percent chance of needing long-term care at some point.

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Topics: filial responsibility, LTCi expenses

Are Your Clients Aware of Their Filial Responsibility?

Posted by Vincent Benitez on Tue, Jan 26, 2016 @ 15:01 PM

Clients who are responsibly preparing for their own retirements may be unaware of the financial risk they may face if their parents haven’t planned for long-term care expenses. Only 7 percent of Americans carry long-term care insurance. Without it, institutional long-term care providers may look to adult children to seek payment for unpaid long-term care expenses.

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Topics: long-term care insurance, filial responsibility

Filial Responsibility: What You Need to Know

Posted by Vincent Benitez on Tue, Aug 19, 2014 @ 10:08 AM

A few years ago, the U.S. Census Bureau published a report called “The Next Four Decades,” showing how elder demographics are expected to change between 2010 and 2050. In short? They’re expected to grow. (A lot.)

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Topics: long-term care insurance, long-term care, filial responsibility, paying for long-term care