ADVISOR
How Are Your Addressing Your
Clients Aging Concerns?
Do You Have Resources to Support Your Clients with their Questions on Aging and Policy Claims?
Why Financial Professionals Partner with Amada Senior Care
50%
Probability of a retiree needing some level of care when they reach the age of 85
56%
Retirees that don’t have a plan for care before they need it
89%
Retirees end up relying on a relative to provide the care they need
This remains true, even when the retiree has LTC insurance.
70%
Adult children find a new Financial Advisor when their parent’s pass away
10%
increase of cost estimates for in-home caregiving in 2023 alone
9%
and finally nursing homes
The financial impact to families is tremendous, with a majority reporting an increase in debt, depletion of savings, or exhaustion of retirement accounts / investments.
Unfortunately, the average retiree isn’t prepared for the aging process and challenges that may come with it.
Amada Senior Care partners with financial professionals and their clients to provide:
Amada Senior Care partners with Insurance professionals and their clients to provide:
1. Senior Advisory Consultation & Planning
An in-depth overview of the care planning process, review of the stages of aging and recommended planning steps & documents. Help your clients understand the full continuum of care; from hospital discharge, to getting placed with the right care. Provide your clients with a Care Aging Portfolio of resources, tailored to their needs.
2. Care Plan Development & Coordination
At the point your client may need care, we provide a comprehensive RN / Nurse assessment & evaluation of their overall health concerns and develop a Care Plan with recommendations of the type & level of care that is appropriate. We provide caregiving resources in the home or can help your client get placed into the senior community of their choice.
3. Preservation of Assets Through Financial Resource Coordination
Analysis of local care costs for different types of care to assist with planning. Comprehensive review of funding sources available for care – long-term care insurance, Veteran’s benefits, Federal and State program benefits, life insurance, home equity. Partner with us to strategize the best use of managed assets while your client is receiving care.
4. Long-Term Care Insurance Claim Advocacy & Management
Long-Term Care Insurance Claim Advocacy & Management Complimentary long-term care insurance policy review & analysis, RN assessments for LTCI, claims approval and advocacy, claims billing management. Alleviate the stress, confusion & risk of filling LTCI claims without professional help.
5. Increased Generational Retention
We specialize in meeting seniors in their home and providing planning with their adult kids & family. The involvement of a Power of Attorney and family members in the care planning and caregiving process is critical. Involving a senior’s Financial Advisor in these discussions often provides the advisor an opportunity to meet their client’s family & heirs, displaying the comprehensive impact the FA’s planning has made on their loved one, and build trust & rapport. Increasing the likelihood the heirs continue to work with that advisor after their loved one passes away. This can be one of the most vulnerable & challenging moments a family can face, your presence during this time can make an invaluable impression.
6. Resource for Seniors & Families That Need a Financial Advisor:
Be a resource for our senior care clients and their families that are navigating the caregiving and financial planning process without a Financial Advisor!