What is the “Shadow Caregiving System”? 

How is it affecting multiple generations' financial stability and investments?

Incorporating extended or long-term care in a financial plan requires a difficult conversation. Starting the conversation is not enough. Regardless of how a client defines family, there are physical, psychological, and financial implications when a child becomes the parent to their parent. More and more state governments are acknowledging the unmanageable budget impact of the cost of providing extended or long term care to an aging population. Learn about a three-step formula to guide client conversations into actionable, organized steps to help protect both the client and the caregiver from unraveling the financial stability that you and they work to build. 

In "The 'Shadow Caregiving System'" by Carroll Golden, you will:

1. Gain insight into who makes up the "Shadow Caregiving System.” Is it in Crisis?
2. Discover who pays for long-term care services and provides support;
3. Review the emergence of federal and state publicly funded LTC legislation, programs, and proposals;
4. Learn about a flexible Three-Step Guide to conduct family conversations or help create your own approach;
5. Consider options to provide funding and services to minimize client physical, psychological, and financial instability and/or caregiver burnout.

Your presenter is Carroll Golden, CLU, ChFC, CLTC, CASL, LECP, FLMI, the Executive Director, Limited and Extended Care Planning Center (LECP Center) for the National Association of Insurance and Financial Advisors.

Carroll has an extensive background in business development, solutions selling, risk management and insurance distribution. Carroll is recognized throughout the industry as one of the foremost thought leaders and subject matter experts on extended and long term care. Working with the LECP Founding Sponsors, Carroll and her team at NAIFA have put together the LECP Center to rethink extended and long term care. The LECP Center will leverage technology to increase conversations, explore product and service options, build trusted relationships, and expand distribution year-round while raising consumer awareness.

Carroll has held executive positions in brokerage distribution and corporate carriers. She has been interviewed both on radio and television, has written numerous articles, and often presents at virtual meetings and various industry conferences. As a member of the Society of Financial Service Professionals (SFP), Carroll served as Chapter President and taught continuing education (CE) classes. She served as Chairperson for both the Society of Actuaries Fifth LTC Conference and the Tenth Annual Intercompany LTCI Conference. She currently participates on the Board of Directors of the Intercompany Long-Term Care Conference (ILTCI). Carroll is listed on the International Retirement Resource Center’s speakers bureau and is currently working on publishing a book dealing with tomorrow’s multi-generational advisor/agent. 

Moderator: Betty Meredith, CFA, CFP®, CRC®, Int’l Retirement Resource Center

1 hr CFP®, CRC®, and other CE Credit Reporting

We will report your CFP® and/or CRC® credit (no additional reporting fee) checkout.  After purchase you will receive an email with a token. Please redeem token to take this course. You will receive another email explaining where to enter your CFP® and/or CRC® IDs  You are responsible for reporting all other certifications for CE credit. 

Overall Rating: 4.3 / 5

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