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This course was updated on 12/1/2014.
Long Term Care Update, Chapter 1 considers the nature of long term care, including the typical conditions requiring long term care, the differences between skilled and custodial care, and the settings in which long term care is delivered.
Chapter 2 addresses the issues of long term care costs and payers, including the national average costs for skilled and custodial care in nursing homes, assisted living facilities, adult day care facilities, and in the care recipient’s home. Population trends and the effects on long term care are discussed, with particular consideration given to the baby boom generation.
Chapter 3 discusses long term care insurance and various alternatives to stand-alone policies for payment of benefits. The chapter considers the various approaches used by insurers to deliver benefits, benefit triggers, basic and optional long term care insurance provisions, and the tax treatment of long term care insurance premiums and benefits.
Chapter 4 addresses the suitability and ethical issues that impact the long term care insurance sale, including the need to provide full disclosure to enable the client to make an informed decision, and the requirements for making an appropriate long term care insurance policy replacement.
Course text: (98 pages): glossary; review questions, answers, and explanations. Author: Paul J. Winn, CLU, ChFC
Exam and Grading: Included in price. Exam can be taken online or by fax.
Program delivery method: Self-study (NASBA-QAS Self-study/interactive), available in print or PDF (downloaded upon purchase).
Program level: Overview; Course prerequisites: None; Advance preparation: None
Subject Codes/Fields of Study: CFP Board, NAPFA: Insurance Planning.
CPA,: Administrative Practice. NAPFA members: download a NAPFA credit-by-subject chart from our Resources page.
CPE Credit, Reporting, and Sponsor Information
CPE Credit and Reporting:
CFP® , CPA, and PACE credit available in all states. CFP® credits reported automatically (if applicable). PACE credit hours: Same as CPA. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
Program Sponsor Information:
CFP Board: 1008.
Individual State Boards of Accountancy that require sponsor registration: Florida 4761; New York: 002146; Ohio: M0021; Texas: 009349.
How to Order
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PDF Downloads: The PDF version of the course is downloaded, including the exam, from the purchase confirmation page (first download the course file to your computer, then open it.
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