x

75% of people globally want unbiased news (Pew Research) but are concerned they're not getting that.

Get balanced coverage with Symby. See how stories are covered across diverse outlets and spot when one side covers a story the other skips.

PODCAST

Preparing For Tomorrow podcast

Diane Stoddart, Certified Long Term Care Consultant, CLTC

Diane Stoddart, Certified Long Term Care Consultant, will show you how to protect your family and loved ones from the financial, physical and emotional burdens and consequences when long term care is needed. In each episode, Diane will help you to navigate through long term care concepts, terms and options and to discuss what strategies are available that can best protect both your family and your nest egg. We will invite guests to sit with us and share ideas regarding various parts of our lives

business marketing

All Episodes

12:30

How did Nancy choose to protect her family?

Preparing For Tomorrow podcast ·

2022/03/15

This week, Nancy & her daughter Tammy decided to choose a hybrid, cash indemnity plan that will let Nancy use the money to pay for whoever and whatever care she needs, or it will pay a tax-free death benefit to Tammy if Nancy never needs care. Disclosure: In this episode, I stated that the hybrid plans were not available prior to the Pension Protection Act (PPA) being implemented in 2010. They were actually available before then, but the PPA law made the benefits completely tax-free if used for

en

15:24

March Case Study - which benefits should Nancy select?

Preparing For Tomorrow podcast ·

2022/03/09

Nancy found a cash indemnity hybrid LTC insurance plan that will pay her daughter and pay for licensed professional care if needed. She just needs to decide if whe wants a larger and level LTC benefit or if she wants to start small and grow the benefits over time. Listen to her options and email me at to share what you think she would choose, or what you would choose. We'll learn next week of her final decision

en

15:56

Is there an LTC plan that I can use to pay my...

Preparing For Tomorrow podcast ·

2022/03/01

Nancy is moving into an addition her daughter has added onto their home for her. She wants a long term care plan that can pay her daughter to help her or pay for professional care at home or in a facility. She wants to know if there are plans that do both. The answer is yes, and Diane shares several options for cash indemnity LTC plans available for Nancy as she prepares to protect her family from having to sacrifice to provide for her if extended care is needed.

en

16:38

Interview: Kelly's dad showed his love for her by...

Preparing For Tomorrow podcast ·

2022/02/22

Diane interviews Kelly Stuart Williams with Pegasos Public Relations and learns how her parent's LTC insurance helped Kelly and her kids manage two parents' needs with two different forms of dementia. Without a plan, the family could have and would have been thrown into a medical, financial, physical and emotional catastrophe. Dementia is a big problem already, and having financing and resources from their insurance helped to lessen some of the negative impact of these needs. Kelly knows her

en

12:47

Love is letting our family manage our care rather...

Preparing For Tomorrow podcast ·

2022/02/15

The best Valentine's gift you can give your family is a plan for when you need extended care. The National Alliance for Caregiving and AARP recently published "Caregiving in the U.S. 2020", and Diane shares some of their statistics on unpaid caregivers. When you own LTC insurance, you are helping your family to be care managers rather than care providers. Let paid workers do the work while your kids and family can continue their lives and careers while overseeing your care needs. Love IS being

en

12:50

What if I'm not sure what benefits or what company I...

Preparing For Tomorrow podcast ·

2022/02/02

Marilyn in New York thinks she knows what amount of LTC benefits she wants, but she's not sure. She's also concerned that the company she wants won't accept her. She wants to know what people do when in this predicament. What steps can we take to ensure we have the right amount of benefits with a company that is most likely to approve our application? Diane shares her insight and experice in these situations.

en

12:01

Interview with Psych-K facilitator and author Judy Kane

Preparing For Tomorrow podcast ·

2022/01/25

Diane interviews Judy Kane, Psych-K facilitator and author of "Your 4 Truths: How beliefs Impact Your Life". Judy coaches her clients to quickly recognize and adjust false beliefs and to perceive new truths that can help them to make better every day and life decisions. When planning for future LTC needs, it's sometimes difficult to make decisions about things we don't want to happen. We learn from Judy how to see what is preventing us from making decisions about our own future while we design a

en

11:28

January Case Study Annuity LTC

Preparing For Tomorrow podcast ·

2022/01/11

This week, Erin can't qualify for traditional or hybrid LTC insurance due to health. We share her background and financial position as well as the solution we designed together to help cover potential long term care needs. All the numbers shared are hypothetical as there is no way to predict actual future returns. If you've been declined for LTC insurance, alternative options may be available

en

09:44

If one company declines me, will all other companies...

Preparing For Tomorrow podcast ·

2022/01/04

We're making some changes. We'll still answer one question each month, and in the following three weeks, Diane will share case samples of client's she has helped, how LTC insurance is really not for us but for our families - to help them navigate our LTC crisis, and we'll bring back one guest in a related field each month. This week, Carla was declined by a company recommended by her bank and wants to know if every company will now decline her. Please listen, like, share and subscribe. And check

en

06:54

Wrapping up 2021!

Preparing For Tomorrow podcast ·

2021/12/22

This week, I want to thank all our listeners for your support and especially for the great questions you asked all year long. It's because of you that this podcast is helping families to learn how to prepare for the enormous risk of needing extended care from an accident or illness, or when we simply live long enough to get old. The best gift you can give your family is a plan to protect them when life doesn't go as planned. I'm thankful the God led me to be able to help design these plans.

en

12:04

If I have enough money, do I really need LTC...

Preparing For Tomorrow podcast ·

2021/12/14

This week, Diane shares that assets don't pay for LTC needs; income pays this as LTC services create a bill, or invoice that must be paid weekly or monthly. If we don't have enough income, we need to sell assets to create income. Diane shares some of the financial consequences when we rapidly start selling assets to fund an extended care need.

en

14:41

If I have enough money, do I really need LTC...

Preparing For Tomorrow podcast ·

2021/12/08

This week, Diane discusses why covering the "average" 2.5 year LTC need may not be enough to protect your family. 500,000 families will be hit by Alzheimer's disease in the next 12 months, turning their whole family upside downin an instant. People with Alzheimer's live anywhere between 3-11 years, and sometimes for 20 years or more. Today, dementia care can cost more than $10,000/month. How long can our families support this need? The time for planning is before something happens!

en

10:56

How does the Alternate Plan of Care work?

Preparing For Tomorrow podcast ·

2021/11/10

This week, Susan in Minnesota wants to know how the Alternate Plan of Care clause works in a long term care policy. Diane first shares what a Plan of Care is and then shares some examples of when the alternate plan of care clause helps both the carriers and the policy holders. Some contracts include this clause and some don't. It depends on what type of plan you have and when it was placed in force. Read your policy. Ask me for help if you don't understand what it says.

en

10:32

Doreen's last chapter

Preparing For Tomorrow podcast ·

2021/11/02

It's been a rough couple of weeks since Paul's mum went to be with the Lord, but we're both getting through this and getting from this season. Diane shares how the last several months have been and how having a long term care insurance plan in place helped the whole family as we worked to honor Doreen's desire to live at home to the end...it almost happened because she had a plan and two goals - to not burden her son and to leave him her legacy. Today, we cry and smile through treasured

en

01:55

Gotta pause....

Preparing For Tomorrow podcast ·

2021/10/27

We're having a rough time this week, and likely for several weeks or longer as Paul's mom died last Thursday. She made it to 90, and thanks to her LTC plan she was able to live at home with help until the last month or so. Don't know how long this funk will last, but my goal is to be back to answering your questions next week. Thank you for listening and for your commitment to learn how to protect your family through an extended care need.

en

14:19

Why can't I just get a quote online like with other...

Preparing For Tomorrow podcast ·

2021/10/12

LTC insurance is not like any other insurance as we need to work with so much uncertainty when designing a plan. With property insurance, we assess and insure the value of the property. Health insurers have tremendous negotiating power to keep costs down when we go to the hospital. LTC insures and pays what we as individuals have contracted them to pay. Diane shares what decisions go into planning so each family can obtain coverage that is meaningful to their unique needs, usually 20-40 years

en

14:10

What does Contingent Non-Forfeiture mean? Is it on...

Preparing For Tomorrow podcast ·

2021/10/05

Welcome to season 3!!!! Steven in New Jersey asked about contingent non-forfeiture. He wants to know if every LTC plan has it. Diane shares what both the contingent NF rider is as well as the optional NF rider that you can add to a traditional Tax-Qualified LTC plan. Hybrid or linked benefit plans have a cash surrender value rather than non-forfeiture. Listen and learn how they differ, and how this all works when used.

en

13:10

My husband's LTC insurance will end next month. What...

Preparing For Tomorrow podcast ·

2021/09/28

Although Maria's husband has used over $393,0000 on LTC benefits over the last 5 years, it wasn't enough. He still needs help with dementia, and they will need to start spending down assets until he qualifies for Medicaid. With Alzheimer's disease in his family, they know now that spending another $40,000 on LTC insurance would have saved them not only $100K+ today, but also would give them more control over where he will recveive care for the rest of his life. Learn from their mistake so you and

en

15:55

What is Restoration of Benefits? What other optional...

Preparing For Tomorrow podcast ·

2021/09/07

There are optinal benefits with many LTC plans. How do they work and which are more useful and useble than others? Diane shares optional benefit options that used to be offered and also which ones to consider seriously if you are planning today. Please join us on Thursday, Sept 9th at 10 AM pst/1 PM est for a Zoom webinar "Women and Long Term Care" we will be addressing many questions that women have about LTC and LTC insurance. Register here

en

13:07

Will using the LTC benefit decrease the death...

Preparing For Tomorrow podcast ·

2021/08/24

Nicole wants to know how using the LTC benefit will affect the death benefit in a life/LTC combo product. Diane shares some different ways the insurance companies design these plans and how they pay. Plans and benefits need to match the goals of the policy owner and their family. Let's discuss what kind of plan will work best for you.

en

244 results

Similar Podcasts

TaxTalent.com The Golden Rule Podcast

Adam Golden

TaxTalent.com Podcast

Tony Santiago

Handelsblatt Crime - spannende Streitfälle der deutschen Wirtschaft

Ina Karabasz, Solveig Gode, Sönke Iwersen

Deffner und Zschäpitz – Der Wirtschafts-Talk von WELT

WELT

Black Box - La scatola nera della finanza

Guido Brera e Gian Luca Comandini -...