Send2Press Newswire

Today's Working Adults Face Long Term Care 'Double Whammy,' Says Denise Gott, Spokesperson for LTC Financial Partners, LLC

Thu, 17 Apr 2008 11:54:26 GMT

KIRKLAND, Wash., April 17 (SEND2PRESS NEWSWIRE) -- For health reasons, Americans in the prime of life may be less financially secure than they think, according to Denise Gott, Vice Chairperson of LTC Financial Partners LLC, one of the nation's most experienced long term care insurance agencies. "The sudden need for long term care can erode their best-laid financial plans," she says, "and they're vulnerable on two fronts, not just one, no matter how young they are." She presented the facts on April 2 on Senior Lifestyles Live Talk Radio, Hosted by Ron Kauffman (Clear Channel AM 1230 - WBZT, heard throughout south Florida).

One part of the double vulnerability has to do with younger Americans' own health. "There's a misconception that long term care is just for older people," says Gott, "but it's not so. Working age Americans -- those 18 through 64 -- account for a full 39% of those who need care." The radio host, Ron Kauffman, highlighted this fact with a personal experience. "I had a horrible biking accident, and I was a broken rib away from needing in-home care." Extended care needs can arise at any age.

The second part of the double whammy has to do with the aging parents of working people. "Statistics tell us," says Gott, "that one of every two Americans will need some form of long term care once they reach 65." For a young couple with two set of parents, the odds of financial impact are very high, if the parents lack the resources for their own care. "This is a big issue for working-age people today," Gott says, pointing out that Americans are living longer and the odds of needing care increase with age. Young couples, just starting out or at mid-career, "never expected their parents to live into their 90's or beyond 100."

The current average national costs of care are higher than many people may think, Gott says: $20 per hour for a home health aide; $80 to $250 per day for assisted living; $55 per day for adult day care (often used for the cognitively impaired), and $190 per day for nursing home services. These costs, which may be lower or higher depending on region, have been increasing with inflation. Working people need a plan for handling these potential costs, Gott emphasizes.

One solution to the double whammy is long term care insurance, but it's not for everyone, Gott says. "What everyone does need is long term care planning." The wealthiest Americans can self-insure, and those with limited income or assets may be best off looking to public assistance. Gott's organization, consisting of more than 400 independent long term care insurance specialists, educates individuals and organizations on the long term care planning options that are right for each particular situation.

During the interview Gott provided a great deal of education, ranging from policy selection to how to find a carrier without a history of rate increases for existing policy holders. A recording of the interview is available at www.ltcfp.us/ltcfp/gott-interview.html. Links to additional information are also available at that location.

Copyright © 2008 Send2Press® Newswire, a unit of Neotrope®
TAGS: Send2Press Newswire, Senior Lifestyles Live Talk Radio, LTC Financial Partners

Long Term Care Newsletter Helps Preserve Solvency and Sanity While Caring for Loved One

Wed, 27 Feb 2008 07:16:08 GMT

Subscriptions Available Free from LTC Financial Partners

KIRKLAND, Wash., Feb. 27 (SEND2PRESS NEWSWIRE) -- If you suddenly have to care for an incapacitated parent or spouse, the impact can be life-changing. Rising care costs can devour your estate or inheritance. And your loved one's daily needs can make you into a full-time caregiver.

"But it doesn't have to be that way," says Jonas Roeser, Senior Vice President of Marketing & Operations for LTC Financial Partners, the nation's most experienced long term care insurance brokerage. "Our newsletter tells how." Guidelines for preserving solvency and sanity are offered in the Winter 2008 issue of "Caring Is Sharing," published by Roeser's organization.

The lead article presents good news from Washington: the Deficit Reduction Act of 2005 (DRA) expands the National Long-Term Care Partnership to all states. "This empowers every state, from New York to California, to reward residents who purchase long term care insurance," says Roeser. The rewards can be substantial. For example, if a resident purchases a Partnership policy, "it may mean they can keep as little as $100,000 up to ALL their assets and still qualify for Medicaid should their private LTC benefits run out."

The article describes the conditions and provides a web link and toll-free access to more detailed information. (States must pass their own legislation to activate the Partnership plans; many have already done so.)

Other articles in the newsletter cover a variety of financial and lifestyle topics:

* Who will be the caregiver for your loved one? It doesn't have to be you, at least not as a full-time commitment. A menu of five care source categories is offered, each allowing you to keep on with your life.

* How can you find the right financial advisor for your situation? You'll want someone who's long-term-care-savvy. This article gives five "credentials" to look for.

* Tips for helping an aging loved one maintain dignity. This article also shows why appropriate respect helps preserve family harmony.

* The special rewards of going back to work, on one's own terms, once retired. Care needs of a loved one don't have to be an obstacle. This article also discusses the Social Security implications.

In addition, the newsletter includes a free offer for "Dignity for Life -- Five Things You Should Know Before Considering Long Term Care Insurance," sold on Amazon.com for $8.95.

The 4-color newsletter is available in print and downloadable formats. Subscriptions may be requested at www.ltcfp.us/ltcfp/newsletter.html. Individuals may also, at the same time, request competitive long term care insurance quotes from 6 leading carriers.

Copyright © 2008 Send2Press® Newswire, a unit of Neotrope®
TAGS: Send2Press Newswire, Long term care newsletter, LTC Financial Partners

The Long Term Care Insurance Explosion; January Conference to Celebrate Rapid Growth of LTC Protection and Light Fuse of Further Expansion

Wed, 19 Dec 2007 17:27:52 GMT

KIRKLAND, Wash. and CHARLESTON, S.C. - Dec. 19 (SEND2PRESS NEWSWIRE) -- LTC Financial Partners, the nation's most experienced long term care insurance brokerage, has more than quadrupled in size since 2005, to more than 400 field underwriters and support staff. That just one sign of what's happening in the long term care insurance field, in the company's experience.

"Our business is exploding," says Cameron Truesdell, CEO. "People are learning how risky it is to live without LTC protection. So they're coming to us for help, and they're coming in droves." He says they want to know which policy from which carrier can best protect them from neglect or financial ruin "when suddenly, bang, a family member needs extended care."

The LTC explosion will be celebrated at the company's annual conference in Charleston, SC, January 6 through 8, "and we'll plan for additional explosive growth in the year ahead," Truesdell adds.

The conference will explore several methods of responding to the explosion. These include --

* Extending a program for reaching people through their employers. Launched in 2006, the Long Term Care Outreach and Education Program (LTCOEP(TM)) is already operating through large companies, providing group discounts as well as knowledge.

* Extending a "partnership" program with financial and other institutions. "We already have alliances with major banks and associations," says Truesdell. "These partnership let the organizations alert their customers or members quickly. At the conference, we'll be looking for new alliance avenues."

* Reaching more people through the Internet. A national network of websites, manned by LTCFP field underwriters, already dispenses information through online text and digital downloads. "We'll be working on phase 2 of our online outreach."

* Using video to reach more people. In 2007 LTCFP began experimenting with video as a communications tool. "We found it very effective, and now we're going to make stars out of our experts," Truesdell says. At the conference a camera crew will capture footage of individual field underwriters dispensing information. Subsequently, a rash of LTC videos will appear on YouTube, Google Video, and other Internet locations.

* Tapping the power of telephony. Already a few of the field underwriters have mastered the art of educating people by phone. The conference will pursue ways of extending this avenue. "Many consumers prefer meeting with a field underwriter in their home," says Truesdell. "But others are really busy. They'd rather get the information quickly and efficiently over the phone."

* Adding more field underwriters. In spite of quadrupling in size since 2005, "we still don't have enough experts to reach everyone," says Truesdell.

With a passion for meeting a critical public need, LTC Financial Partners intends to transform itself in all ways necessary, according to Truesdell. "At the conference all kinds of new ideas and enthusiasm will be generated," he says. "We're on a roll and we're going to make more and more of a difference."

Information about LTC Financial Partners and its field underwriters is available at the corporate website: www.ltcfp.com.

Copyright © 2007 Send2Press® Newswire, a unit of Neotrope®
TAGS: Send2Press Newswire, long term care insurance conference, LTC Financial Partners

As More Americans Live to 100, Long Term Care Insurance Leader Gives Health Assist

Fri, 14 Dec 2007 00:00:10 GMT

LTC Financial Partners Offers Newsletter and Online Help for Living Longer, Stronger

KIRKLAND, Wash. - Dec. 14 (SEND2PRESS NEWSWIRE) -- As Americans increase their life spans, many eyeing 100-plus, the odds of needing long term care increase. One solution is long term care insurance to pay the care bills. "A better solution," says Cameron Truesdell, CEO of LTC Financial Partners (LTCFP), "is the insurance plus health habits to keep yourself on your feet as long as possible."

To contribute to those good habits, LTCFP, the nation's most experienced long term care insurance brokerage, is offering two free assists. One is a quarterly newsletter with prevention tips; the second is access to Living Longer, a new online group that will share videos and forum posts on healthy aging. The group is hosted by SuperLife World Service, a social network that promotes physical, mental, and environmental betterment.

Free access to Living Longer and a free subscription to the newsletter, called "Caring is Sharing," may be requested from LTCFP at -
www.ltcfp.us/ltcfp/living-longer.html.

"Developing long-life health habits is like driving safely," says Truesdell. "You definitely need auto insurance just in case. But you also want to avoid accidents." The same logic applies to the risks of living longer, he asserts. "You need LTC insurance just in case. But you also want to do the things that keep you healthy, mentally fit, happy, and contributing for most of your days."

According to the latest census estimates, there are now more than 60,000 U.S. centenarians, up 63 percent since 1990, with a projected 1,000,000 by 2030 and more than 4,000,000 by 2050. Morbidity, existing in a state of illness, looms with longer life spans. "But it doesn't have to happen for excessive periods, not for everybody," Truesdell says. "If we're going to live longer, let's live stronger."

Copyright © 2007 Send2Press® Newswire, a unit of Neotrope®
TAGS: Send2Press Newswire, SuperLife World Service social network, LTC Financial Partners

Long Term Care Awareness Week (November 4-10) to Be Supported by Facts from Local Experts

Thu, 01 Nov 2007 17:31:16 GMT

KIRKLAND, Wash. - Nov. 1 (SEND2PRESS NEWSWIRE) -- Now there's a week, November 4-10, devoted to thinking about an issue many Americans put out of mind: the possibility of needing long term care someday. "Nobody likes the idea of being incapacitated for an extended period," says Cameron Truesdell, CEO of LTC Financial Partners, the nation's most experienced long term care insurance brokerage, "but it's smart to plan ahead. If you do, you can protect your assets, take steps to keep healthy as long as possible, and rest assured you'll be taken care of no matter what."

Long Term Care Awareness Week, endorsed by federal and state officials, "will give us all a chance to focus on this important issue," says Truesdell. "But awareness doesn't have to fade after November 10. We're offering an army of experts to dispense facts in the weeks ahead." The facts will be available online, in print, and in person in all states.

The awareness follow-up, to be available year-round, will consist of free text and visual information presented on multiple websites serving all localities. There will also be a free guidebook for consumers; a free quarterly newsletter; free materials for small, medium, and large businesses; and free talks before local groups. "We have nearly 400 of the nation's top specialists in this field," says Truesdell, "and they'll all be available to dispense these free services."

The services may be requested at www.ltcfp.us/ltcfp/awareness.html. Individuals may also, at the same time, view videos on long term care, and request competitive LTC insurance quotes from 6 leading carriers.

Long Term Care Awareness Week was made official earlier this year by the U.S. House of Representatives (HR133). "We owe a debt of gratitude to Jesse Slome for coming up with the idea and promoting it to Congress," says Truesdell. Slome heads the American Association for Long-Term Care Insurance.

Copyright © 2007 Send2Press® Newswire, a unit of Neotrope®
TAGS: Send2Press Newswire, Long Term Care Awareness Week, LTC Financial Partners

Long Term Care Newsletter Debuts, Published by LTC Financial Partners; Advice on Living Better, Not Just Longer, with Financial Protection

Mon, 22 Oct 2007 15:00:00 GMT

KIRKLAND, Wash. - Oct. 22 (SEND2PRESS NEWSWIRE) -- Now there's a newsletter for people who will probably need long term care someday, but want to stay healthy, happy, and solvent as long as possible. The first issue of "Caring is Sharing," to be published quarterly, debuts November 1. By promoting healthy lifestyles and good planning, the 8-page newsletter seeks to extend the vital years while protecting financial assets subject to healthcare drainage.

Subscriptions are available free to qualified individuals, on request.

"People are living longer than ever and they need help in doing it well," says Cameron Truesdell, CEO of the newsletter's publisher, LTC Financial Partners, the nation's most experienced long term care insurance brokerage.

"Sound financial protection, through estate planning and long term care insurance, is vital," Truesdell says, "but people need lifestyle protection too. That's where our newsletter comes in. It offers tips on healthy living and making the most of the years ahead, as well as tips on affordable insurance."

The first issue, Autumn 2007, includes articles on --
* What the states are doing to help people with long term care planning.
* New retirement choices for active Americans, in education, outdoor activities, hands-on hobbies, politics, and community service.
* How to qualify for money-saving group insurance plans, even if you're not an employee.
* How to travel worry-free by making your home burglar-safe.

There's also a "healthy meals" recipe and profiles of three insurance carriers with exceptional service records.

The 4-color newsletter is available in print and downloadable formats. Subscriptions may be requested at www.ltcfp.us/ltcfp/newsletter.html. Individuals may also, at the same time, request competitive long term care insurance quotes from 6 leading carriers.

Copyright © 2007 Send2Press® Newswire, a unit of Neotrope®
TAGS: Send2Press Newswire, Caring is Sharing newsletter, LTC Financial Partners

LTC Financial Partners (LTCFP) Engages CareScout to Bring Comprehensive Long Term Care Solutions to LTCFP Clients

Wed, 10 Oct 2007 15:16:00 GMT

A One-Stop Shop for All Care Information -- An Industry First

KIRKLAND, Wash. - Oct. 10 (SEND2PRESS NEWSWIRE) -- For the first time, comprehensive information on long term care providers plus information on how to pay for it will be available from a single source: a national network of 380-plus long term care specialists. Today, LTC Financial Partners (LTCFP), the nation's most experienced long term care insurance brokerage, announced a partnership with CareScout, creator of the first quality-of-care ratings on nursing homes and home health agencies in America. The alliance will bring disparate financial and care information together under one national umbrella.

"Now we're a one-stop shop for our clients," says Dan Cahn, Senior Vice President of Business Development for LTCFP. "People can now come to us for all kinds of information related to the care of today's longer-living Americans, whether themselves, a spouse or parent, employees, or association members." This includes information on asset protection and long term care insurance -- advice that LTCFP's 380-plus specialists have been giving out all along -- plus the care information contributed by CareScout.

Since 1977 Care Scout has been helping families find quality eldercare resources and providers, and has been a reliable partner of some of America's largest corporations and insurance carriers. The partnership with LTC Financial Partners combines care provider information with the insurance information already provided by LTCFP.

"We think it's a breakthrough for consumers and organizations alike," says Cahn. "Now our clients can 'get it all' through a single well-informed expert. That includes quality-of-care ratings as well as access to more than 90,000 home health agencies, assisted living facilities, nursing homes, adult day health facilities, and hospice agencies - plus, clients can access CareScout's Care Advocacy & Discount Program for finding great eldercare at preferred pricing. The discounts alone are impressive; they can exceed $9,000 in savings for a client per year for a skilled nursing facility stay."

To register for the comprehensive information service, individuals and representatives of companies or associations start by speaking with one of LTCFP's 380-plus specialists. The specialists may be located at www.ltcfp.com by clicking "find an agent," or by calling 866-471-4072, extension 118.

To learn about the new information available -- before receiving login permission from a specialist -- inquirers may visit www.yourcaresource.org.

Copyright © 2007 Send2Press® Newswire, a unit of Neotrope®
TAGS: Send2Press Newswire, LTCFP VP Dan Cahn, Care Scout ratings on nursing homes

Long Term Care Insurance Gains Momentum Thanks to State Promotions, a Leading Brokerage Reports

Wed, 26 Sep 2007 14:53:00 GMT

KIRKLAND, Wash. - Sept. 26 (SEND2PRESS NEWSWIRE) -- Long term care insurance, once a bit player in the health insurance field, is now entering center stage thanks to influential backers: states like California, Connecticut, Indiana and New York. These four are the original long term care "partnership" states, now joined by many others. "States with partnership programs are spending millions promoting LTC insurance through the media and direct mail," says Cameron Truesdell, CEO of LTC Financial Partners (LTCFP), America's most experienced long term care insurance brokerage. "More important, they're providing financial incentives to help people participate."

The financial incentives vary by state, including tax deductions for premiums and a conditional loosening of the Medicaid purse strings. "Buy a state-approved long term care policy, and Medicaid in your state could offer backup protection (with certain qualifications)," says Truesdell.

"We see more and more states implementing these promotional and support programs," Truesdell continues, "and the public is responding." Participating states now include Virginia, Iowa, Minnesota, Rhode Island, and Florida, "and we expect most states to climb on the bandwagon," he predicts. To handle the increased public demand, his organization has expanded from fewer than 100 agents in 2005 to nearly 400 today.

Why are states promoting the private insurance? Any why are they offering financial carrots for participation? "It's simple," Truesdell explains. "There are 77 million baby boomers nearing retirement with predictable periods of incapacity. The states just can't foot the bill for all that nursing home or in-home care. They'd go broke. So they're encouraging people to protect themselves through the private sector."

How does one sign up for a partnership-approved long term care policy? "You can't do it through just any insurance agent," says Truesdell. "Each partnership state certifies a number of reputable insurance carriers and agents to represent their program in their particular state. At LTCFP we have more state-partnership-certified agents than any other brokerage specializing exclusively in the long term care field. In fact, some of our agents have been qualified to guide other agents through the certification processes."

A national list of state-certified agents may be found at www.ltcfp.com by clicking on "Find an agent." These experts can provide details of the partnership program, if available, in their state; and they may know of pending legislation to launch a partnership program if their state does not currently offer one.

Copyright © 2007 Send2Press® Newswire, a unit of Neotrope®
TAGS: Send2Press Newswire, CEO Cameron Truesdell, LTC Financial Partners

Guidance from Doctors on Long Term Care Insurance; Information to Be Available in Waiting Rooms

Wed, 27 Sep 2006 15:26:00 GMT

KIRKLAND, Wash. - Sept. 27 (SEND2PRESS NEWSWIRE) -- In a doctor's office near you, look for facts on a matter of growing concern, long term care insurance. Starting today, informative waiting room displays are being supplied to physicians by LTC Financial Partners LLC, the nation's most experienced long term care insurance brokerage.

"We are supporting doctors who want to help patients with this important health issue," says Cameron Truesdell, CEO of LTC Financial Partners. "For longer-living Americans, long term care insurance has become a vital protection." But getting the insurance is no slam-dunk like auto insurance, he adds. "Not everyone qualifies for it."

*(Photo Caption: LTC Financial CEO Cameron Truesdell.)

"Your doctor, it turns out, can be a key gatekeeper here," Truesdell continues. "Your doctor supplies the medical information to the insurance company and your doctor can tell you when to apply, before it's too late. Doctors are the first line of defense. They know the medical history of their patients."

To help busy doctors fill this vital role, Truesdell's organization has created the Long Term Care Outreach and Education Program (LTCOEP(TM)) which includes an office patient quiz. Now available free to general practitioners and physicians in all specialties, the LTCOEP(TM) doctor materials consist of the quiz (in five quick questions) on a take-one card attached to the waiting room display. The doctor also receives twelve copies of Dignity for Life, a book co-authored by the nation's top specialists. "Dignity for Life is a must read and is packed full with all the information on the subject," says Truesdell.

The waiting room display states in bold type, "As your doctor, I am concerned about your plan for long term care.... Since the government has made it clear that health care programs will not expand to provide financing for long term care services, the responsibility is in your hands." The display then invites patients to "Take a card" containing the quiz, which "may help you understand the need to prepare for your future." The quiz has five questions highlighting little-known facts, such as the rising cost of long term care (now between $60,000 and $70,000 per year).

"In our experience," says Truesdell, "about 40% of those who apply for LTC insurance get turned down. The main reason is health. This doesn't have to be." Doctors can help more people qualify by urging them to apply early, before disqualifying health problems arise, he points out. "And of course doctors are in the business of nurturing health itself, which promotes eligibility."

Doctors may request the LTCOEP(TM) kit at the LTC Hotline: www.ltchotline.com/display-for-doctors.html.

In Kansas City Event, Long-Term Care Pioneers Will Challenge Leaders to Create Affordable LTC for All

Thu, 13 Oct 2005 17:19:00 GMT

On October 17, a Platform Will Be Offered for Private and Public-Sector Statements

KANSAS CITY, MO (SEND2PRESS NEWSWIRE) -- As the nation approaches a financial and healthcare crisis, pioneers of long-term care protection are preparing to act. They will state their intentions, and invite political leaders to do the same, at a briefing in Kansas City on October 17. "The problem," says Cameron Truesdell of LTC Financial Partners, one of the pioneers and host of the event, "is a widespread lack of proper long-term care protection, which threatens to bankrupt the states, Uncle Sam, and millions of American families." He is CEO of LTC Financial Partners LLC, America's leading LTC insurance brokerage.

According to the U.S. Department of Health and Human Services, by 2025 more than 20 million Americans -- incapacitated athletes and children as well as aging boomers -- will need long-term care services. Ordinary health insurance won't cover it. Neither, in all likelihood, will Medicaid, as legislative reform cracks down on benefits claimed by the affluent. Yet, "We can have long-term care protection for every American," says Truesdell. He points out that over 40 members of Congress have sponsored legislation to help Americans protect themselves through private LTC insurance. "But these leaders need support to get their measures passed." *(Photo Caption: Cameron Truesdell.)

Other LTCi trailblazers who will also make statements at the briefing include Christopher D. Perna, President and COO of MedAmerica Insurance Company. Missouri political leaders have been invited to make statements, either in person or by proxy. These include Kansas City mayor Kay Barnes, U.S. Congressman Emanuel Cleaver, and governor Matt Blunt. The organizers await their responses.

"This briefing is just a start," says Truesdell. "It could lead to actions that save the nation from unnecessary misery. Longer life spans should be a good thing, not a source of new calamity."

Attendance is limited to 100 including elected officials, industry executives, LTC specialists, and the media. It will be in the Westin Crown Center Hotel (Roanoke Room) from 9:30 to 10:15 AM. More information and an attendance request form are available at -- www.eranova.com/LTCFP/kc-briefing.htm.

Cameron Truesdell, CEO of LTC Financial Partners, Challenges Leaders to Address Bold Objective: Affordable Long-Term Care for All

Wed, 12 Oct 2005 11:12:00 GMT

KIRKLAND, WA (SEND2PRESS NEWSWIRE) -- On October 17 in Kansas City, change-makers will answer an all-important question: "How can we make long-term care protection as common as auto insurance ... so no American risks financial ruin from longer-lasting health needs ... and government doesn't go broke trying to fill an unfillable gap?" The question will be posed by Cameron Truesdell, CEO of LTC Financial Partners LLC, the nation's leading insurance brokerage specializing in long-term care and representing multiple carriers.

Several VIPs have been invited. Some will make their views known by proxy; others will appear in person and respond to questions, from 9:30 - 10:15 AM Monday, October 17, in the Roanoke Room at the Westin Crown Center Hotel, Kansas City, MO.

The briefing's format has been designed to accommodate fast-changing schedules in a flurry of related activity. The 2005 National LTCi Producers Summit, sponsored by LTC Financial Partners and several insurance carriers, will be in progress at the time. Following the statements there will be a Q&A period for members of the media and others present. "We've invited people from government and executives from key carriers. We'll see who wants to declare their intentions at this time," says Truesdell.

As 77 million baby boomers approach retirement and most Americans enjoy longer life spans, a time bomb ticks, Truesdell states. "What happens when tens of millions succumb to longer-lasting illnesses or injuries? Regular health insurance won't cover it, and Uncle Sam and the states can't afford to." Medicaid does contribute to long-term care expenses -- for the indigent. But Medicaid costs are ballooning to the breaking point. Family assets are commonly tapped, but soon run out except for the very wealthy. "So who's going to protect longer-living Americans?" Truesdell asks.

Answers could come from the October 17 briefing, Truesdell believes. Each presenter, in person or through a written statement, will say what they are doing or plan to do. "Over 40 members of Congress have sponsored appropriate legislation," says Truesdell, "but other priorities have come up. Legislators need support in resuming their momentum." Insurance carriers, too, have addressed the issue through a growing array of insurance choices. "They need more public awareness to get this message across."

Attendance is limited to 100 including elected officials, industry executives, other people in a position to act toward a solution, and the media. More information is available at -- www.eranova.com/LTCFP/kc-briefing.htm.

Correction: U.S. Senator Kit Bond (R, MO) and Buck Stinson of Genworth Financial Are Not Scheduled to Appear in Kansas City Briefing Hosted by LTC Financial Partners

Tue, 11 Oct 2005 19:20:00 GMT

KANSAS CITY, MO (SEND2PRESS NEWSWIRE) -- On October 17 in Kansas City, leaders from business and government have been invited to express their views on bringing long-term care insurance protection to more Americans. The briefing, designed to spark public awareness, is hosted by LTC Financial Partners LLC, the nation's leading long-term care insurance brokerage representing multiple carriers.

In a release issued October 7, it was stated that U.S. Senator Kit Bond would be featured in the briefing; and that Buck Stinson, President of Long Term Care Insurance at Genworth, would also speak. The report was incorrect; the schedules of both men do not allow them to accept the invitation to participate.

The briefing will be in the Roanoke Room at the Westin Crown Center Hotel, Kansas City, MO.

Featuring U.S. Senator Kit Bond (R, MO), Oct. 17 Briefing Will Address Bold Objective: Affordable Long-Term Care for All

Fri, 07 Oct 2005 12:41:00 GMT

Defusing the Care-Cost Time Bomb Before It Busts Budgets -- Federal, State & Family

KIRKLAND, WA - Oct. 7 (SEND2PRESS NEWSWIRE) -- As 77 million baby boomers approach retirement and most Americans enjoy longer life spans, a time bomb ticks. What happens when tens of millions succumb to longer-lasting illnesses or injuries? Regular health insurance won't cover it. Uncle Sam doesn't want to. State-run Medicaid does contribute to long-term care expenses -- for the indigent. But Medicaid costs are ballooning to the breaking point. Family assets are commonly tapped, but soon run out except for the very wealthy. So who's going to protect longer-living Americans, so they can bounce back from down time without somebody going broke?

Editor's Note: a CORRECTION was issued for this news release on Oct. 11, 2005. Click this link to read.

On October 17 key VIPs will congregate in Kansas City to start defusing the time bomb. The event -- a briefing for the press and concerned experts -- will be hosted by LTC Financial Partners LLC, the nation's largest long-term care insurance brokerage representing multiple carriers. The briefing will feature U.S. Senator Kit bond (R, MO) and executives from MetLife, John Hancock, Genworth, and MedAmerica. "We'll hit the issue head on," says Cameron Truesdell, LTC Financial's CEO, who will moderate. "Government alone can't solve the problem," he asserts. "Neither can the private sector alone. But together, we can do it. We can protect everyone without bankrupting anyone."

*(Photo Caption: Cameron Truesdell, CEO of LTC Financial Partners LLC, host of the October 17 briefing.)

The briefing's theme is a question that will be answered by each presenter: "How can we make long-term care protection as common as auto insurance ... so no American risks financial ruin from longer-lasting health needs ... and government doesn't go broke trying to fill an unfillable gap?" The solutions to be presented are likely to be a combination of legislative reform, tax breaks, and insurance-industry moves to make care policies more pervasive. For example, Senator Bond has sponsored the Ronald Reagan Alzheimer's Breakthrough Act, which includes an above-the-line tax deduction for the purchase of long-term care insurance.

The other featured speakers will be Christopher Perna, President of MedAmerica; Joe Catalano, Vice President of John Hancock Long Term Care Insurance Distribution; Buck Stinson, President of Long Term Care Insurance at Genworth; and a senior executive from MetLife. They will talk about the role their respective companies will play in solving the problem. Cameron Truesdell will talk about the role to be played by specialists in the field: the nation's insurance agents and allied professionals such as financial advisors. "This briefing is just a start," says Truesdell. "There will be other events on the road to 100% success."

The briefing will be held on Monday, October 17, from 9:15 to 10:45 AM in the Roanoke Room at the Westin Crown Center Hotel, Kansas City, MO. Attendance is limited to 100 representatives of the media, elected officials, and other people in a position to act toward a solution. More information is available at -- www.eranova.com/LTCFP/kc-briefing.htm