Tag: Health Care

FEATURE
Revolutionizing Financial Planning For The Aging Population with Tom West (Ep. 36)

Revolutionizing Financial Planning For The Aging Population with Tom West (Ep. 36)

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Whether you or a loved one is reaching a point where you need more care, it may be challenging (but not impossible!) to find the right plan for your needs. 

What strategy is the best? How much will it cost? Should you move to a senior home or hire caretakers?

In this episode, Rob Curtiss is joined by a fellow SEIA colleague from the East Coast, Tom West, who has developed a process to address the challenges of medical care and aging. Rob and Tom cover the importance of navigating dynastic issues within families and the need for financial advisors to understand and meet the changing financial needs of senior clients as their health changes.

Tom discusses:

  • The importance of addressing and shifting priorities when it comes to caregiving
  • Reasons caregiving impacts the caregiver’s health and the value of support and respite for them, too
  • What you need to know about Life Care Affordability Planning® and its focus on medical prognosis and planning for care
  • The value of having a methodical process (such as estate planning documents) in place
  • Some of the challenges faced by the aging population and the impact the pandemic has had on senior housing and the healthcare industry
  • And more!

Resources:

Connect with Tom West:

Connect with Robert Curtiss:

About Our Guest:

Thomas C. West, CLU®, ChFC®, AIF®, is a Senior Partner in SEIA’s Virginia office. Tom has a robust wealth management practice that emphasizes cash flow in all stages of retirement with an emphasis on planning and asset management for families facing the challenge of health-related dependency due to disability, illness, or death. Tom also has significant experience in issues related to suitable and ethical financial strategies for incapacitated seniors.

FEATURE
Creating A Supportive Long-Term Care Plan with Anthony Ridd (Ep. 17)

Creating A Supportive Long-Term Care Plan with Anthony Ridd (Ep. 17)

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Humans have a longer life expectancy today compared to the last 20 years. 

However, the cost of long-term care and an increase in patients with dementia and Alzheimer’s has changed the way we consider long-term care planning.

In this episode, Anthony Ridd from Crump Life Insurance Services joins Robert Curtiss to explain the role of long-term care planning when it comes to financial planning. Anthony shares how the current life expectancy and a higher consciousness towards mental and physical health play a role in the what, when, where, and how of long-term care.

Rob and Anthony discuss:

  • How to start the conversation around long-term care policies and funding options
  • When is the right time to start planning for long-term care
  • Ways health conditions such as dementia and Alzheimer’s have impacted the way people plan for long-term care
  • Return of premiums and ways they fit within long-term care planning
  • And more!

Resources:

Connect with Anthony Ridd:

Connect with Robert Curtiss:

About Our Guest:

Anthony Ridd is with Crump Insurance Services, a national insurance broker-dealer. His role is to support a select group of financial professionals, including Robert Curtiss and SEIA, in the area of risk management. Robert regularly uses his services and brings him in where appropriate for client conversations as part of his Value Added Support Team (VAST).

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