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CLTC© Designated
Affordable Health Coverage with Natasha Mcpherson
The CLTC designation is for professional providing guidance to clients and their families, it is critical to understand that clients needs extend well beyond asset accumulation, income distribution, and estate planning.
Today, working in these markets requires knowledge of long-term care and what decisions must be made well before care is needed in order to protect families from the emotional, physical and financial devastation that a need for extended care can cause.
The Certification in Long-Term Care (CLTC) designation was created in 1999. It focuses on the discipline of extended care planning. It provides professionals the critical tools necessary to discuss the subject of longevity and its consequences on their client's family and finances.
Students learn how to mitigate these consequences by developing a plan to protect their clients and their families.
- Extended care is a field of study similar to those of insurance, financial services, law and accounting.
- The field focuses on the severe consequences of providing care over an extended period of time.
- The best way to protect families is not to sell a product, but offer advice that leads to a plan to mitigate those consequences.
The CLTC designation has been recognized and supported by The American College, NAIFA and major insurance carriers.
Critical Financial Alert
Statistics regarding Long-Term Care
➡️ 70% of Americans 65+ will need long-term care
➡️ 3–5 years Average duration of care needed
➡️ $60K–$120K/year Average annual cost
❌ Medicare? Doesn't cover it. Medicare only covers skilled nursing. This is different than Long-Term Care;
❌ Health Insurance? Doesn't cover it
❌ Wait Until You Need It? Too late
This is not a maybe, this is math.
The Numbers They Want You To Ignore
1 IN 2
1 IN 2
1 IN 2
People over age 85 will need long-term care .
Women
1 IN 2
1 IN 2
Need care longer than men on average
2x
Families
Families
Care costs double every 20–25 years
Families
Families
Families
Your loved ones pay the price when there's no plan, not the insurance companies.