Guest interview: Mike Simenstad with NGL - How LTC plans and planning has evolved

Guest interview: Mike Simenstad with NGL - How LTC plans and planning has evolved

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC May 1, 2025 Duration: 17:16
Preparing For Tomorrow podcast
BusinessEducationMarketing
This week, I interviewed Mike Simenstad, an LTC veteran with 34 years of experience working for several LTC carriers and distributors. He currently works for National Guardian Life (NGL), a traditonal LTC company across the United States. Mike, and others in his role help me and other LTC specialists to be able to work smarter for our clients. We all work together as a team to find the best solution for each family. Mike answers questions about tools/resources consumers use to research and why that can get confusing. We discuss actions people are taking today to plan, and we discuss how the traditional LTC industry has evolved and gotten much healthier over the last 50 years. Learn costs of care where you live here Estimate LTC premiums for plans with a 6 year benefit period and 3% compounding inflation here When we talk we will decide if larger or smaller plans will meet your needs better, but this a good start. Learn what you state's Medicaid program will currently let you keep and access the state Medicaid sysytem for care here Schedule a phone or Zoom meeting with me 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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Duration: 12:05
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