Continuing Education for Financial & Insurance Professionals
How can financial advisors and insurance professionals enhance relationships with elderly clients? By helping clients prepare for golden years that include long-term illness and disability, says nationally-known elder law expert Timothy L. Takacs.
Takacs is the creator of Planning for Eldercare: Preparing Clients for the Alternate Ending, a one-day workshop for financial advisors and insurance professionals who want to be more proactive about helping clients plan for long-term illness or disability later in life.
“People envision retirement as a time for travel and fun,” said Takacs. “But long-term illness and disability give the story a different ending for many seniors.”
Takacs says that financial advisors and insurance professionals are in a unique position to prepare their clients for this possibility. “Financial planners and insurance professionals are often the first to hear their clients ask the inevitable questions about finding and paying for care,” Takacs said, adding that long-term care insurance policies rarely solve all the problems created by an illness or disability. “Most financial advisors aren’t equipped to answer these questions, which can have a negative impact on their book of business.”
Planning for Eldercare equips financial and insurance professionals to offer proactive guidance to families. Workshop participants learn how the long-term care system works, how to help clients plan ahead to meet their needs for good health care and long-term care and how to spot the signs of caregiver burnout in clients. They also learn what public and private resources are available to pay for long-term care, how to access those resources while protecting assets, and how pre-crisis planning can increase the likelihood of intergenerational asset retention.
Workshop takeaways include a detailed workbook, continuing education credits, answers to client questions about elder law, asset protection, public benefits and care coordination, and more.
For more information or to inquire about future programs, call (615) 824-2571 or email the Elder Law Practice.