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3 Key Questions Demonstrating the Need for LTC Insurance

Written by Michael Schellinger | Jan 16, 2025 6:11:08 PM

Helping your clients recognize the importance of Long-Term Care insurance (LTCi) can feel like an uphill battle. Many don’t consider how the lack of a plan for extended care could impact their future and their family. However, asking the right questions can spark a meaningful conversation and highlight the need for protection and peace of mind. These three key questions can help you demonstrate why LTCi is an essential part of resilience planning.

 

1. What’s Your Plan?

Most people haven’t given serious thought to what will happen when they need assistance with everyday tasks—whether it’s dressing, bathing, or simply getting around. Start by asking your clients questions like:

  • Where do you want to live if you can no longer stay at home without help?
  • Who will provide care if you need assistance?

These questions often uncover gaps in their current plan—or reveal they haven’t considered one at all. LTCi bridges this gap, ensuring they retain control over their choices without burdening loved ones. It shifts the focus from “what if” to “what’s next,” enabling them to feel empowered rather than overwhelmed.

2. Who Do You Know?

Ask your clients:

  • Do you know someone who has been in a long-term care situation?
  • Have you personally experienced the challenges of caring for a loved one?

Hearing “yes” to these questions often opens the door for a deeper conversation. Witnessing the emotional, physical, and financial toll that extended care can take on families is common—and most people don’t want the same scenario for their loved ones. By connecting their personal experiences to the benefits of LTCi, you help them see the value of having a plan that prevents their family from facing the same burdens.

3. How Will You Pay?

This question often brings the reality of extended care into sharp focus. Many clients assume their health insurance or Medicare will cover long-term care needs, but that’s a myth worth dispelling.

  • Health insurance doesn’t cover extended care services like nursing homes or in-home assistance.
  • Medicare provides very limited coverage for skilled nursing care and is not a long-term solution.

By explaining that an LTCi policy offers the financial resources to secure the care they prefer, you position it as a safeguard for their retirement savings and other assets. Without it, they may face the difficult choice of liquidating assets or depleting savings to cover care costs. LTCi ensures they can afford quality care while preserving their financial legacy.

Going Beyond the Questions

These three questions are powerful conversation starters, but they’re just the beginning. By weaving them into your discussions, you create an opportunity to educate your clients about the true costs—and risks—of not having a plan for extended care.

It’s not just about having coverage; it’s about building a safety net that provides protection, peace of mind, and choices in times of need. Our team is here to help you navigate these conversations and provide the support you need to guide your clients toward a solution.

Contact us today to discuss how we can help you incorporate LTCi into your clients’ resilience planning strategies. Nothing provides greater peace of mind than knowing a trusted team is ready to help achieve their goals.