Shows
Preparing For Tomorrow podcastHighlights from 2025 Sustainable Solutions: Future of LTC FinancingThis week, Diane shares what she learned while attending the 2025 Genworth LTC Symposium "Sustainable Solutions: The Future of Long Term Care Financing". We all agree on the problem and wonder how long it will take for all parties (public & private) to agree on a solution. The links below provide info on who is supporting the Well-Being Insurance for Seniors to be at Home (WISH) Act. Please reach out to your Congressmen/women and ask then to support this Act as it will help our most vulnerable population while fostering a more vibrant and affordable LTC insurance solution. Schedule with me t...2025-05-1512 min
Preparing For Tomorrow podcast2 years ago...Diane shares two client stories and some of her own family's story that have all developed over the last two years. So many people want to wait as long as they can to own LTC insurance, but they fail to understand that health is what buys this stuff. When health concerns show up, sometimes we'll be required to wait a specified period of time to be able to apply for coverage. Or we may become an uninsurable health risk, negating all the plans we had wanted to be able to use to protect our family and savings. If you're considering pl...2024-12-1212 min
Preparing For Tomorrow podcastThey said I was too big to qualify for LTC insurance. What can I do to protect my family?Alicia's insurance agent told her she was too short for her weight and no LTC insurance can be offered to her. Turns out that agent only represented one company. Other companies will consider her build (height/weight). Many people are either very small or very big. There are alternative solutions to planning for future care needs that can help those outside of the weight limits of most companies. Some companies don't ask about build or health at all, while some have more lenient health requirements than others. If you've been told you can't qualify for LTC insurance, it is wise to ask...2024-06-2610 min
Preparing For Tomorrow podcastPension Protection Act - create tax-free LTC income using taxable gains on non-qualified annuitiesThis week, Diane shares how the PensionProtection Act passed in 2010 makes it possible to 1035 exchange non-qualified annuities into various LTC plans that generate tax-free income for extended care needs. Not all annuities are tax-free for LTC. LIsten and learn how different rules apply to different annuity forms. If you or somone you know has an annuity that they don't want to use due to many years of taxable earnings when withdrawn, consider 1035 exchanging that into an LTC annuity with tax-free income for long term care. If care is never needed, the annuity is passed to beneficiaries just like other annuities. Let...2024-05-2913 min
Preparing For Tomorrow podcastHow can I be sure the insurance company will keep their promise to pay?In other words, why shoud I trust the insurance company? All insurance companies, and especially LTC companies are heavily regulated and watched closely by all 50 states. States monitor complaints to ensure compliance. Regulators work with the consumer and company to assist with payments. Often, regulators explain to consumers why a claim isn't being paid and advise the consumer what they need to do to complete the claim requirements. Listen and learn how may ways the Elimination Period is defined by different companies. It's no wonder we get confused and frustrated. All the more reason to work with a LTC Specialist lik...2024-04-1713 min
Preparing For Tomorrow podcastQuestions we can't answer today need to be addressed anywayIn last week's episode, Diane shared a boatlod of questions we need ot be asking when planning for extended care needs (LTC needs). This week we cover the questions that can't be answered until that need invades our family. Although, we may not know what, when, where, or how long , we still need to plan early so we can be prepared for whatever happens. How can we do this? Listen, learn, and schedule a meeting to discuss planning alternatives. My calendar: Email me to receive a planning guide 2024-03-2011 min
Preparing For Tomorrow podcastThe LTC plan everyone needs - with or without insuranceLong term care planning is about more than the insurance or funding for care. This week, Diane shares important questions we and our families need to be asking today. Regardless of where you will live, who do you want helping you? Do they know this? Are they able to do what you need? What do you want to have happen when extended care is needed? Where do you want to live? It's much easier to have these discussions today, while you're not in the middle of a crisis. Have the conversations now so your family and loved ones will have a blu...2024-03-1316 min
Preparing For Tomorrow podcastBaseball and Long Term Care - What league are you in?It's February and spring training season in Florida. Listen to Diane compare different types of planning strategies to the A, AA, AAA minor leagues and to Major league Baseball. Different levels of plans can be designed to meet each family's unique needs and budget. Just like in baseball, we need to Prepare today to be ready for a strong season, carry the playoffs and make it to the World Series of long term care. I can't say that needing extended care is like winning the World Series. I can say that when we plan early, and do the work it ta...2024-02-2814 min
16W Media Group Presents The Branding Highway PodcastDiane Stoddart: Navigating Life's Twists with Long-Term Care Planning, Pet Tales, and Baseball BanterSend us a textWhen Diane Stoddart of Preparing for Tomorrow joins us, we don't just talk shop about long-term care—we get personal. As your host, Mike Sedita, I share my own twist with multiple sclerosis at the ripe age of 40, and Diane opens up about her journey, turning her family's needs into a nationwide mission to educate on medical and financial preparedness. We're not holding back on the tough stuff, like the hurdles of securing insurance with pre-existing conditions and why diving into long-term care planning now can save you a world of stress later. It...2024-02-2230 min