Advisor Revelations DPL Financial Partners

Living longer and staying healthier are gifts to many. However, with increased longevity comes a need for thoughtful planning, especially for long-term care. Traditional long-term care plans offer a straightforward solution, but a growing array of hybrid plans and annuities with long-term care riders presents a more comprehensive solution. Navigating this landscape requires a strategic approach for both advisors and clients.

In this episode of Advisor Revelations, Amy and Logan discuss the options available for long-term care planning. They explore the differences between traditional and hybrid options and the benefits of having a long-term care plan in place. Amy and Logan also address the importance of starting these conversations early, and provide valuable insights for financial advisors and their clients looking to navigate the complexities of long-term care planning.

Key Takeaways
[01:18] - The differences between traditional and hybrid long-term care.
[03:15] - Increase in life insurance and long-term care policy reviews.
[04:27] - The differences between self-insuring retirement plans and other long
term care options.
[06:18] - What Amy learned from the dollar savings strategy for long-term care.
[08:26] - The ideal time to discuss long-term care with clients.
[10:10] - Supplementing long-term care with a health-activated multiplier.
[15:04] - Logan's experience with long-term care.

In this episode, DPL Founder and CEO David Lau talks with Michael Kitces, one of the most influential voices in the financial services industry. Michael is the Head of Planning Strategy at Buckingham Wealth Partners, a Co-Founder of the XY Planning Network, AdvicePay, New Planner Recruiting, and fpPathfinder. They discuss the trends and best practices in the financial services industry and the challenges and opportunities around annuities, particularly in the RIA market. Michael and David emphasize the need for carriers to create products that can be used, not just sold, and support advisors' business models. Learn more at https://www.dplfp.com/series/advisor-revelations-podcast.

This week, DPL Internal Consultants Blake Reitnauer and Tyler Caummisar talk about the differences between traditional pensions and annuities, highlighting the flexibility and advantages of modern annuities. Their conversation focuses on joint income, death benefits, and how to shift pensions to annuities. Learn more at https://www.dplfp.com/series/advisor-revelations-podcast.

DPL's founder and CEO David Lau interviews head of Inside Information, Bob Veres. They discuss new Product Discovery Tools now available to advisors on the DPL website as well as industry trends affecting RIAs today. For more information visit www.dplfp.com

This week, DPL Consultants Willie Jones and Logan Cheatham talk about how annuities can address the challenges of market volatility and retirement planning. They discuss the fear of outliving savings and the need for principal protection and guaranteed income. They also dispel misconceptions about annuities and highlight their flexibility, liquidity, and low cost. Learn more at https://www.dplfp.com/series/advisor-revelations-podcast.

This week, Patrick Perry and Jackson Bradley, DPL's Regional Vice Presidents, talk about Registered Index-Linked Annuities (RILAs). They discuss how RILAs provide downside protection while offering higher cap rates than traditional fixed index annuities. Jackson also delves into the different levels of protection and customization options available with RILAs. Their discussion concludes with how advisors can rationalize and implement RILAs into their practice, providing peace of mind and protection for their client's assets. Learn more at https://www.dplfp.com/series/advisor-revelations-podcast.