LTCR Pacific - Skaar

01/19/2024

Someone once said when you love someone with Dementia you lose them more and more everyday. When they are diagnosed, when they go through different stages, when they need treatment and when they die. This is called "Ambigua Loss."
I wouldn’t wish Dementia on anyone. As the brain slowly dies, it changes physically and eventually forgets who their loved ones are. They can end up lying in bed not moving and not eating or drinking.
There will be people who will scroll by this post because Dementia has not touched them. They may not know what it's like to have a loved one who battled or is fighting Dementia.
To Raise Awareness of this Cruel Disease, I'd like my Friends to Put this on their Page Today.
Hold Finger on Post to Copy and Paste to Your Timeline.
A Special Thank You to All Willing to Post This On their Timeline for Alzheimer’s Awareness.💙

11/02/2023

November is Long-Term Care Awareness Month

Consider the impact an "Extended Care" event can have on your Family and Finances. Very few families escape the experience. Below are some Claims and Caregiving data to consider.

Mutual of Omaha Claims Information: (it should be noted that the claimants were healthy at the time they applied for their policies passing the underwriting qualification)
• $1.3B claims paid since 1987
• $11M claims paid monthly
• Average Claimant Age 81 (Industry is age 80)
• Women 64% of Claims
• Men 36% of Claims

Mutual of Omaha-Why People Need Care:
• Dementia
• Heart Disease
• Arthritis

General Industry Claims Information:
• Care at Home Care 74% of the time
• Care at Assisted Living 13% of the time
• Care at Nursing Home 13% of the time
• Youngest Claim age 27
• Longest Claim 22.5 years
• Largest Claim $2.1M
• 51% of Claims dollars go to Cognitive issues
• 18% of Claims 5 years or longer
• 2010--81% of claimants were over age 65
• 2018--57% of claimants were over age 65

General Industry Caregiver Statistics:
• Caregivers split 50% male-50% female
• 46% negatively impacted their health
• 60% had to cut back on luxury expenses
• 41% had depression
• 40% felt it negatively impacted their relationship with spouse
• 70% of caregivers did it out of necessity
• 61% of families help pay for cost of professional home care
• 63% help pay for care with money from their retirement fund
• 48% reduce quality of life
• 42% stopped contributing to their savings
• 75% missed time from work
• 46% worked fewer hours
• 35% had repeated absence from work
• 23% repeatedly late for work
CLAIMS REAL LIFE STORIES TO SHARE EXAMPLES WITH CLIENTS:
Claims Real Stories--ALShttp://blogs.mutualofomaha.com/express/files/2021/10/Claims-Stories-1.pdf
Claims Real Stories--Cancerhttp://blogs.mutualofomaha.com/express/files/2021/10/Claims-Stories-2.pdf
Claims Real Stories--Strokehttp://blogs.mutualofomaha.com/express/files/2021/10/Claims-Stories-3.pdf
Claims Real Stories--Osteoarthritis/Knee Replacementhttp://blogs.mutualofomaha.com/express/files/2021/10/Claims-Stories-4.pdf

07/24/2023

I’ve spent 18 years as a Long-Term Care insurance agent. The likelihood of needing care is one of the highest statistical life experiences we will have. Most couples (about 90%) will have at least one experience. It is much more likely to occur than passing away before the age of 65, totaling a car, your house catching on fire, or being disabled and unable to work. There are few things in life that can prevent the need for care, but the following is a good start. Diet, exercise, keeping your height and weight in line are some of the basics for living a healthy life.

The Secret of Okinawa’s Centenarians: Aging Gracefully Without Losing Mental Sharpness

For thousands of years, people have been searching for the "elixir of immortality," but where can we uncover ...

07/10/2023

https://www.facebook.com/reel/218044104530650?fs=e&s=TIeQ9V&mibextid=0NULKw

06/06/2023

https://www.facebook.com/100000465805815/posts/23955769277355264/?mibextid=cr9u03

11/28/2022

Long-term care insurance does so much more than just pay for care.

07/22/2022

I am a Licensed Insurance Agent with Long-Term Care Resources (LTCR) Pacific — a national insurance agency and marketing company dedicated to long-term care insurance and the senior market.

03/23/2022

Time is running out to take advantage of the opportunity to apply for what I believe to be the best traditional long-term care insurance policy in California at a price that was set 8 years ago. This policy will be repriced at any time. California is the last state to receive the new prices. The new prices have already been approved by the California Department of insurance. Act Now to take advantage of the opportunity that will never be available again.

I thought it would be prudent to let you know that I was recently notified by the nation’s most popular long term care insurance carrier and one that provides a discount, Mutual of Omaha, that they will be repricing new applications and increasing rates on new business in California soon. The new pricing has already been approved by the California Department of Insurance. This will not affect the current policies or applications received prior to the repricing date. California is the last state in the nation to have it’s Mutual of Omaha policies repriced. The expected increases will be substantial, although they won’t give us exact numbers until this change occurs. They indicate most increases will be between 10% and up to 45%. Looking at the prices of the policies in other states I believe this to be correct. Although the official date of the rate change has not been announced, we know it is coming soon and it has been indicated that we may not be given any notice. We may not even have a warning before the new rates take effect.

We are now seeing a rapid increase in the number of policy applications.

I believe you will never see rates for long term care insurance to be lower than they are today!

I am always here to assist you. I will ask you a favor…. please respond to my email with your intentions. I want to make sure that everyone who wishes coverage at today’s rates can apply and participate. I expect the coming weeks to be very busy. If you would like to review the long-term care features, options, and today’s rates, there will not be a better time to do so than before these changes take place. It’s not too late.

Sincere Regards,

Eric Skaar
Licensed Agent CA Lic.

03/14/2022

3/14/2022 I was just notified by the nation’s most popular long term care insurance carrier, Mutual of Omaha, that they will be repricing new applications and increasing rates on new business in California soon (likely by end of March), and I thought it would be prudent to let you know. The expected increases will be substantial, although they won’t give us exact numbers until this change occurs. They indicate most increases will be between 10% and up to 45%. Although the official date of the rate change has not been announced, we know it is coming and it is possible we may not be given any notice. We may not even have a warning before the new rates take effect.

We are now seeing the start of a huge increase in policy applications taking place. I believe you will never see rates for long term care insurance be lower than they are today!

I want to make sure that everyone who wishes coverage at today’s rates can apply and participate. I expect the coming weeks to be very busy. If you would like to review the long-term care features, options, and today’s rates, there will not be a better time to do so than before these changes take place. It’s not too late.