Refer LTCI Clients With Confidence Through Krause Financial’s Long-Term Care Insurance Referral Program
Proactive long-term care planning should be an essential component of any estate plan. Revocable trusts, irrevocable trusts, beneficiary designations, and powers of attorney provide a strong foundation for most clients. However, without long-term care insurance, even the most carefully designed plan can be derailed by the overwhelming cost of care.
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The Financial Impact of Long-Term Care
Recently, a close friend shared a difficult experience with me. His mother was diagnosed with dementia, and just a few years earlier, their financial planner had advised against purchasing long-term care insurance (LTCI), dismissing it as a poor return on investment. Now, the family is scrambling to restructure their financial plan to address her care needs. Her at-home care already costs more than $15,000 per month, and assisted living—likely her next step—will be even more expensive. Because of how their assets were structured, crisis Medicaid planning is not an option. If her physical health remains stable, her family expects their legacy will be completely consumed by care expenses.
Had she purchased LTCI, at least a portion of these costs could have been covered. Instead, the family is left facing financial devastation—a situation that could have been avoided with proper planning. Needless to say, they have since parted ways with that advisor.
Read More: The Attorney’s Role in Proactive Medicaid Planning and Long-Term Care Insurance
Working with Krause for Long-Term Care Insurance
In speaking with attorneys across the country, many have shared that they do not have a trusted resource to provide long-term care insurance solutions for their clients. At Krause Financial, we understand that the insurance market is complex and often confusing, with a wide variety of options available. That’s why we keep all attorney referrals in-house, working directly through our dedicated long-term care team with decades of experience.
When you refer a client to us, you have the option of allowing us to work directly with them, or we can communicate through your office if you prefer to remain closely involved. For attorneys who are properly licensed, we also provide education and support to help you offer LTCI policies directly from your own office.
Our referral program is designed to be straightforward: simply fill out our referral form, and once your client completes a consultation with our in-house team, you will receive a $100 referral fee (valid through December 31, 2025)—regardless of whether the client ultimately purchases a policy.
With Krause Financial, you can confidently connect your clients with a trusted partner for long-term care insurance planning. Schedule a call with us to learn more.
Jim is responsible for creating, curating, and promoting high-quality content related to the estate planning and elder law industry. He also plays a primary role in designing and maintaining a robust education and content calendar for Attorney Access.
