Tag: Brendon Murphy
Long-Term Care Has Changed: What Families Need to Know (Ep. 21)

Long-Term Care Has Changed: What Families Need to Know (Ep. 21)

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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:

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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Pat Lyman on Building a Trusted Financial Legacy (Ep. 10)

Pat Lyman on Building a Trusted Financial Legacy (Ep. 10)

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How do financial experts kickstart their journey and the impact they leave behind?

In this episode, Brendon Murphy sits down with Patrick Lyman, President Emeritus of Compass Financial Solutions, to explore the evolution of financial planning over the past five decades. Pat shares insights from his 50-year career in the financial services industry, from starting with Prudential in 1972 to establishing Compass Financial in 2008, and his commitment to community empowerment. Their conversation dives into the importance of independence in financial advising, the transformation of life insurance products, and strategies for building guaranteed income in retirement.  Tune in to hear personal anecdotes about his beginnings in the insurance world and how he built Compass Financial Solutions.

Brendon and Patrick discuss: 

  • (01:33) How Pat got into the financial services industry
  • (05:03) The need for independence in offering tailored client products
  • (09:40) The evolution of Compass Financial Solutions and the importance of a personalized approach
  • (19:39) Essential advice for young professionals starting their financial planning
  • And more

Resources:

Connect with Brendon Murphy: 

Connect with Pat Lyman: 

About our Guest: 

Patrick, president emeritus of Compass Financial Solutions, has over 50 years of experience in the financial industry, providing a strong foundation for his team’s guidance and service. His dedication is reflected in his certifications and memberships, including the American Society of Financial Services Professionals and the International Association of Registered Financial Consultants. In 2005, Patrick joined the Million Dollar Round Table and, in 2016, achieved Qualifying and Life member status, recognizing his commitment to ethics and excellence.

Patrick is also devoted to his community, leading YMCA workshops and supporting organizations like the Rotary Club of Upper Darby/Lansdowne and the Delaware County Police and Firefighters Organization. A member of the Honorable Order of the Kentucky Colonels, he actively contributes to philanthropic causes.

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