A Deep Dive into Long Term Care Insurance and B2B Partnerships with Jim Better

In this episode of B2B Synergy, Alan Armijo, owner of Power Partners USA, interviews Jim Better, owner of Essential Plans of Insurance. The focus of the conversation revolves around understanding long-term care insurance and the crucial role it plays in comprehensive retirement and estate planning.

The conversation delves into the identification of power partners in Jim's business network, including financial planners, estate planning attorneys, and caregivers. Jim emphasizes the importance of collaboration with professionals who understand the holistic nature of planning, beyond just legal documents. He explains that referrals often come from professionals who recognize the need for comprehensive planning in the face of long-term care expenses.

Jim Better provides insights into the services he offers, emphasizing the importance of planning for the costs associated with aging. He highlights alarming government statistics that indicate a significant portion of the population will require assistance with daily activities as they age. The episode explores the necessity of including taxes and funding mechanisms for long-term care in estate plans.

Listeners gain valuable insights into the often-overlooked aspect of estate planning, making this episode a must-listen for anyone navigating the complexities of aging and financial preparedness.

Click for FAQs about Long Term Care insurance

Jim Better  |  Essential Plans of Insurance | Long Term Care Insurance
Power Partners: Estate Attorneys, Financial Advisors, Fiduciaries, CPAs
Member Since November 2023
Click Here for account page
Jim's  "Explained Here" Page   

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• Power Partners USA website - www.PowerPartners.us
• Power Partner Members - "Explained Here" - www.PowerPartnersUSA.net (short Q&A Video and Podcasts)

• Graphics by Debra Armijo - www.iTrustMarketing.biz
• Music by Joan Jones - www.clubjoan.com

Have a question for Power Partners USA or any of its members? Call, write or text Alan Armijo - info@powerpartners.us 562-843-7801

Chapters

• 0:58 Understanding Long Term Care Insurance
• 3:24 Identifying Power Partners
• 4:45 Target Audience and Referral Partners
• 6:38 Importance of Early Planning
• 12:18 Understanding the Cost of Care
• 20:22 Different Types of Insurance Plans
• 22:46 Understanding Tax Benefits
• 25:56 The Role of Referral Partners
• 30:15 The Importance of Referrals and Building a Network
• 31:13 The Role of Our Network in Facilitating Connections
• 31:42 The Importance of Research in Building Connections
• 32:01 Wrapping Up the Discussion on Referrals
• 32:01 Wrapping Up the Discussion on Referrals
• 32:15 The Importance of Personal Contact in Business
• 32:24 The Growing Importance of Personal Safety Nets
• 32:44 The Role of Government in Encouraging Personal Safety Nets
• 34:33 The Implications of Relying on State Services
• 35:17 The Role of Insurance in Providing a Better Alternative
• 35:48 The Importance of Branding and Staying Informed
• 36:09 The Role of Free Consulting and Special Offers
• 36:22 The Importance of Education in Insurance
• 37:07 The Role of Insurance in Family Protection
• 37:13 The Importance of Preparation in Insurance Discussions
• 38:01 Wrapping Up the Discussion on Insurance
• 38:29 The Personal Impact of Insurance