Long-Term Care Has Changed: What Families Need to Know (Ep. 21)
When it comes to long-term care, many clients are caught off guard emotionally and financially. But with proper planning, advisors can help families preserve both their dignity and their wealth.
In this episode, Brendan Murphy speaks with Don Quante, Founder and President at Wealth Protection Advisors, and author of Don’t Go Broke in a Nursing Home, about how to approach long-term care planning in a way that protects legacies without overburdening clients. Don explains how guaranteed-issue life insurance policies with long-term care riders offer a powerful solution, especially for clients who can’t qualify for traditional coverage. He also shares how the pandemic has shifted attitudes toward home-based care, and why it’s more important than ever for advisors to introduce these strategies early. If you’re looking to bring more clarity and confidence to your clients’ aging plans, this conversation is a must-listen.
What to expect in this episode:
- Why 88% of Americans now say they want long-term care delivered at home
- A deep dive into guarantee issue long-term care and who qualifies
- The surprising financial toll on unpaid caregivers, especially adult daughters
- How the Pension Protection Act and new “beautiful bill” may impact your plan
Resources:
- Don’t Go Broke in a Nursing Home by Don Quante
- Compass Financial Solutions Long Term Care Insurance
- Pension Protection Act (PPA)
Connect with Brendon Murphy:
Connect with Don Quante:
About our Guest:
Don Quante is the Founder and President at Wealth Protection Advisors. Don is a nationally recognized long-term care planning expert, best-selling author, and 2022 MDRT Hall of Fame Inductee. With more than four decades of experience, Don empowers financial advisors and their clients to make informed care decisions, preserve wealth, and find peace of mind; no matter their health history.
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