30 years of retirement needs 30 years of LTC protection

30 years of retirement needs 30 years of LTC protection

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC April 3, 2025 Duration: 10:29
Preparing For Tomorrow podcast
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We and our financial advisors are preparing to need money to last 30 plus years in retirement, yet we don't trust LTC insurance companies to help protect us during that time. If we think we're going to live that long, do we really believe we will remain as strong, healthy and active as we are today? Look at our parents and grandparents. Humans slow down as we age. Dementia is showing up in our 60s. People are having strokes in their 50s due to stress. We need to be prepared. LTC insurance is strictly regulated by the NAIC (National Association of Insurance Commissioners) to make sure that rules are followed for marketing and claims. Learn how our state departments of insurance protect us here The America Association for LTC insurance was created in 1988 to educate consumers and support insurance/financial professionals. You can learn a lot from them here The report from Faegre Drinker on NAIC Model regulation can be found here Estimate LTC premiums here View current and projected costs of care where you live here Schedule a meeting with me and Prepare for Tomorrow here

Diane Stoddart brings a professional yet deeply personal perspective to the complex world of long-term care planning in Preparing For Tomorrow podcast. As a Certified Long Term Care Consultant, she understands that preparing for future care needs involves more than just finances-it's about safeguarding your family's well-being and peace of mind. Each conversation cuts through the industry jargon to clarify the real options available, from insurance products to legal strategies, all aimed at protecting your life savings from being depleted by unexpected care costs. You'll hear Diane break down essential concepts and terms, making a daunting subject feel manageable and urgent. Alongside expert guests, she explores the emotional and physical dimensions of caregiving, offering a holistic view that acknowledges the full weight of these decisions. This isn't about fear; it's about empowerment through knowledge. Tuning into this podcast provides a straightforward guide to creating a practical plan, ensuring you can face tomorrow with confidence rather than anxiety, knowing your loved ones and your legacy are secure.
Author: Language: English Episodes: 100

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Podcast Episodes
Guest interview: Lynda Krueger with Owl Be There Tampa [not-audio_url] [/not-audio_url]

Duration: 21:01
This week, I interviewed Lynda Krueger with Owl Be There Tampa. Owl Be There isn't a quick referral by zip code resource. Or a DIY search through Google. Lynda and her associate improve the lives of seniors with wise gui…
Gio wants a plan that does EVERYTHING and more [not-audio_url] [/not-audio_url]

Duration: 11:18
There are so many ways to design a long term care plan. However, different planning strategies offer their own unique benefits. For example, LTC Partnership Protection is only available on stand-alone LTC plans. Cash ben…
Do I need to use the whole benefit every month? [not-audio_url] [/not-audio_url]

Duration: 11:18
Lisa asked if LTC insurance requires us to use the whole benefit every month or can we use less and stretch the benefit period to pay longer. The answer is "that depends". What kind of plan do you have? What kind of care…
Do You Ever Get Depressed Talking about This Stuff? [not-audio_url] [/not-audio_url]

Duration: 11:27
I promise I'll start talking numbers and cases again next week. We made it through the storms and things are almost normal in our community. This week, I received a question about me rather than about long term care, and…
We made it through Milton and are feeling blessed [not-audio_url] [/not-audio_url]

Duration: 3:14
Thank you for all the phone calls and messages asking how we are doing. Our home is fine. No damage and no flooding. We didn't lose power. Lots of branches to clean up, and the last two days we've been putting all the st…
We're in Tampa and are staying here throuh Milton [not-audio_url] [/not-audio_url]

Duration: 1:30
Just a quick update. We're ok so far. Hoping for a Cat 3 or less when it hits, likely a little south of us so we'll get a lot of rain. Presuming all goes as well as can be, I'll update you all on Friday.
Why & when would an insurance company not approve and pay a claim? [not-audio_url] [/not-audio_url]

Duration: 16:30
To answer this question, I need to first share why and when LTC insurance companies are required to approve and pay a claim, and then I'll discuss where this can get confusing or messed up. LTC insurance companies are st…

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