(FALLS CHURCH, Va.) – The Nationwide Affiliation of Insurance coverage and Monetary Advisors has launched the NAIFA Restricted & Prolonged Care Planning (LECP) Middle to equip insurance coverage brokers and monetary advisors with info, merchandise, designation and academic sources to assist them plan for generational restricted, prolonged and long run care wants.
“Through the years, the trade has developed with a plethora of options in merchandise, companies and coaching within the planning and administering of care,” stated LECP Middle Govt Director Carroll Golden. “That’s the excellent news. The dangerous information is that innovation has introduced fragmentation to the trade, and it has change into troublesome for distributors and shoppers alike to know, not to mention act upon the numerous choices now out there. The LECP Middle empowers us to return collectively as an trade to speak, manage and share info and intelligence so we could proceed to handle and advocate for the altering wants of the market.”
Golden introduced the launch of the Middle throughout her Normal Session remarks March 25 on the ILTCI Convention in Chicago.
The Middle is the results of NAIFA’s collaboration with a gaggle of founding sponsors which signify a number of classes of companies that exist within the long-term care sector of the monetary companies trade. The sponsors embrace organizations in these classes: distribution specialists; schooling and certification; and carriers and companies.
The founding sponsors are key contributors to the Middle within the type of subject material specialists and sources that embrace movies, skilled interviews, articles, case research, webinars and infographics. Content material covers conventional and mixture merchandise, in addition to worksite promoting, short-term care, essential sickness, reverse mortgages, claims administration, senior housing choices, robotics and extra.
Advocacy
NAIFA’s authorities relations crew, which advocates on behalf of the trade, offers legislative and regulatory updates, positions and backgrounders on points affecting the trade.
“With tens of millions of LTC insurance policies in drive in the present day and rising annually, our trade’s services and products are on the legislative and regulatory agenda on Capitol Hill and in state legislatures throughout America. It’s time we strengthen and unify our voice so we are able to advocate and educate lawmakers on the essential position our trade performs within the planning and offering of take care of this rising inhabitants,” Golden stated. “NAIFA members have interaction often with lawmakers and officers within the federal, state and regulatory arenas to make sure the trade’s pursuits are pretty represented within the coverage and rulemaking course of.”
For instance, NAIFA-Maryland members serve on the Maryland Job Power on Lengthy Time period Care (LTC) Schooling and Planning, which offers Gov. Larry Hogan a listing of coverage suggestions to extend the general public’s information of LTC, promote the necessity for planning and educate shoppers on the choices for LTC protection – each non-public and public plans. NAIFA helps the suggestions and is working with different NAIFA state chapters to ask state regulators and legislators to undertake related proposals.
Outreach Consists of Shoppers
Whereas the NAIFA LECP Middle connects the trade and the monetary advisor neighborhood by the middle and NAIFA’s 90 state and native member chapters, shoppers additionally may have entry to details about services and products by NAIFA’s client website, AdvisorsYouCanTrust.org. As the important thing contributors to the Middle, shoppers and the trade profit from the power for NAIFA to distribute thought management and data to those audiences that reach outdoors the trade’s regular consumer and potential circles.
Founding sponsors of the LECP Middle are: Sustaining Stage: One-America, Nationwide, Genworth, the Intercompany Lengthy Time period Care Insurance coverage Convention Affiliation, Inc. (ILTCI); Contributing Stage: Thrivent Monetary, RFS Lending; Selling Stage: Certification for Lengthy Time period Care (CLTC), GWG Holdings; Collaborating Stage: Goal Insurance coverage Providers, Inc. and Ash Brokerage; LTCi Companions; Superior Sources Advertising and marketing (ARM), New York Life, Legacy Protect.
NAIFA helps the overall and administrative actions of the LECP Middle, whereas sponsors underwrite further improvement and upkeep prices. The Middle is ruled by an Advisory Board of trade thought leaders and sponsor representatives who contribute to technique and oversight, in addition to content material, schooling, neighborhood improvement and advocacy.
NAIFA CEO Kevin Mayeux, CAE, stated: “NAIFA is happy to have Carroll Golden function director of the NAIFA LECP Middle. As a acknowledged thought chief and skilled within the care trade, Carroll has introduced collectively key thought and trade leaders to ship a much-needed useful resource for the trade, and for the numerous insurance coverage and monetary advisors who want help navigating the advanced options out there in care.”
Post a Comment