Finance CPD Course on Long term Care Planning

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Long term Care Planning: What It Is And Why Everyone Should Care

Reviewed

October, 2023

Karen Henderson

Learning Objectives

To discuss the long-term care system/continuum.
To investigate the long-term care misconceptions.
To inspect the care funding options (including reverse mortgages, and long-term care insurance).
To explain the 10 – step long-term care planning process.
To discuss the questions to ask.
To analyze the resources.

Course Description

This course is valid up to May 20th, 2024 for FP Canada Professionals. It is advisable to complete this course before that to get the credit on time.

This course is valid up to October 18th, 2024 for CDFA Professionals. It is advisable to complete this course before that to process the credit on time.

This webinar is for Canadian CPAs only.

As you/your clients/families age and need more care do you want to avoid:

Institutionalization?
Losing independence and control?
Being a burden on family/friends?
Financial hardship?
Relying on government programs?

We all take delight in planning for vacations and holiday celebrations, but when it comes to planning for old age, we literally run the other way. Aging and death only happen to other people, and therefore we don’t need to talk about it – at least not yet.

Why is this?

Many believe the government will provide any needed care.
It won’t happen to me.
My spouse will look after me.
The kids will look after me.

Additional reasons we should care about aging and care are obvious:

Every day 10,000 Americans turn 65; the number of older people will more than double over the next several decades to top 88 million
Approximately 6 million have Alzheimer’s disease or related dementia; it is becoming a global epidemic
COVID-19 has revealed the tremendous weaknesses in the long-term care system

These realities make it abundantly clear that we all need to plan for old age – and not just financially. We need to understand the healthcare system where we live, plan where we wish to age and live out our lives and communicate our wishes to family members, professional advisors, and healthcare providers. COVID-19 has only reinforced the need to plan.

This CPD Course will provide steps seniors and their advisors can take to help enable a stronger, more independent, and healthier future.

Overview

What is long term care?

6 mins
Long term care planning misconceptions

13 mins
Long term care insurance (LTIC)

23 mins
How to be sure about making the right choices along the way as I age?

32 mins
Why plan now?

40 mins

Webinar Qualifies For

1 CPD Credit of Finance for CPA in Canada
1 PL Credit of Finance for Chartered Financial Analyst (CFA)
1 CE Credit of Financial Planning for Certified Divorce Financial Analyst (CDFA)
1 CE Credit of Financial Management & Planning for Certified Financial Planner - Canada (Approval No. 11064)
1 CE Credit of Retirement Planning for Personal Financial Planner (PFP)
1 CE Credit of Financial Management & Planning for Qualified Associate Financial Planner (QAFP) (Approval No. 11064)
1 PL Credit of Finance for CIPM
1 CE Credit of Wealth Management for Certified International Wealth Manager (CIWM)

About Instructor

Karen Henderson

Account Executive, LTC Planning Network

As your clients and family age, do you want them to avoid:

Institutionalization?

Losing independence and control?

Being a burden on family/friends?

Financial hardship?

Relying on government programs?

I certainly do. Many years ago I learned what a 14-year long term care experience can mean. That's why I founded the Long Term Care Planning Network, Canada’s leading resource centre for aging and long term care planning and education.

My seminar series, web sites, newsletters and print and electronic tools are recognized as key international long term care educational resources.

I am a well-known speaker, educator, writer, media commentator, publisher and consultant in the field of long term care, who has been published in leading geriatric journals in Canada.

I am also a Certified Professional Consultant on Aging (CPCA.

I work with professional advisors and their clients, as well as Canadian families to help all understand the implications of ageing and the need for care on professional, personal and financial

well-being.

I have created a series of uniquely Canadian educational resources to encourage Canadians to talk about, and prepare for aging long term care including:

The 10 - Step Long Term Care Planner
It’s never too early to start the care conversation…A
Guide For Adult Children & Their Parents
Long Term Care: A Practical Planning Guide For
Canadians
LTC Readiness Questionnaire/User Guide
The Critical Illness/Long Term Care Planner

Contact me to help you with:

1. Family caregiving issues; I was a dementia caregiver for 14 years

2. Guidance regarding a plan for your own long term care

3. Information and advice regarding the role of long term care insurance

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

Ratings and Review

4.2

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Michelle Hallstrom, CPA (US)

This was a great course to get me thinking about long term care insurance. I am going to seek a professional to get more information about purchasing LT care insurance.