National Care Planning Council
National Care Planning Council

Senior Services
from our Members

Books for Care Planning

    Long Term Care BooksFind books provided by the National Care Planning Council written to help the public plan for Long Term Care. Learn More...

Eldercare Articles

    Eldercare ArticlesThe NCPC publishes periodic articles under the title "Planning for Eldercare". Each article is written to help families recognize the need for long term care planning and to help implement that planning. All elderly people, regardless of current health, should have a long term care plan. Learn More...

Join the NCPC

Guide to LTC Planning

    Guide to Long Term Care PlanningFrom its inception, the goal of the National Care Planning Council has been to educate the public on the importance of planning for long term care. With that goal in mind, we have created the largest and most comprehensive source of long term care planning material available anywhere. This material -- "Guide to Long Term Care Planning" -- is free to the public for downloading and printing on all of our web sites. Learn More...

Financial Advice, Insurance and Reverse Mortgage

Financial Advice, Insurance and Reverse Mortgage

Insurance Specialists

Specialists in insurance have extensive knowledge in the products they offer and can give you the information you need for planning long term care.

Types of insurance specialists for long term care planning.

  • Life insurance
  • Long term care insurance
  • Medicare Advantage, supplement and drug plan specialists
  • Annuities

There are many reputable companies that provide these products. We advise you do some research, get referrals from friends that are satisfied with their agent and his or her products.

Financial Advisor

A financial planner or advisor, who works with the elderly, is going to understand how to manage assets for that age group. This person will also understand how to use assets and income when there is a need for long term care.

A financial adviser will work closely with an estate planning or elder law attorney to make sure all arrangements for the estate, for disability, for loss of capacity, for medical treatment, and for long term care are covered.

An elder financial adviser is also likely to work with a team of other eldercare providers or advisers such as care managers, pre-need funeral planners, long term care insurance specialists, reverse mortgage specialists and home health providers.

Services covered by a financial advisor:

  • Investment advice
  • Income tax
  • Retirement planning
  • Small business
  • Protection and insurance
  • Estate planning
  • Saving for education
  • Asset allocation
  • General financial planning

Reverse Mortgage Specialist

With most people, their home is their biggest investment. This one investment can provide the money you may need for your long term care planning. Reverse mortgages can be used for paying for long term care services, home repairs or alterations or just having money for wanted items.

When you have decided to obtain a reverse mortgage, you then must determine what type of loan to use. The U.S. Department of Housing and Urban Development's popular home-equity conversion mortgage (HECM) is insured by the federal government. The amount of loan you can obtain with HECM is determined by the FHA lending limit in your area. If you own a high-value house, you may be better off with a loan from Fannie Mae or from a private lender.

Because reverse mortgages may be confusing, you are required to meet with a counselor before you can apply and to be sure you understand the pros and cons as well as how the reverse mortgage works. A reverse mortgage is a major decision and the time spent with the counselor is well worth your peace of mind for your future.

A reverse mortgage specialist works in conjunction with a lending company. Some may be under contract with one company and others may offer services of multiple lending companies. A specialist usually only sells reverse mortgages and is expert in the rules and qualifications. A specialist will help you find the right mortgage for your needs and, set up your counseling appointment and complete the appraisal and necessary documents.