Long-term care insurance is a complex product that offers many forms of protection and pricing structures. CLTC professionals are highly trained in the field of long-term care and know the appropriate questions to ask. The main goal is to help each client identify solutions for their unique needs.
CLTC stands for "Certified in Long-Term Care," a designation granted by the Certification for Long-Term Care. CLTC graduates have completed a rigorous multidisciplinary course that focuses on the profession of long-term care planning. State regulators granted the program continuing education credits after determining that it provides essential information that is necessary to the appropriate sale of long-term care insurance.
As the financial professional guides his or her clients through financial preparedness, it is critical that they understand that their clients' needs extend well beyond asset accumulation, income distribution, and estate planning. Today, the financial professional must also have knowledge of long-term care and what decisions must be made well before that care is needed. The best way to protect families from the potential devastation of a long-term care event is to offer advice that can mitigate those consequences. A professional with a CLTC designation has acquired the critical tools necessary to discuss the subject of longevity and its acute consequences on a client's family – financially, physically and emotionally – years down the road.
The Certification in Long-Term Care (CLTC) designation was created in 1999. Educational institutions such as The American College of Financial Services and many professional associations acknowledge the designation including the National Association of Insurance and Financial Advisors (NAIFA), the National Association of Health Underwriters (NAHU), and organizations such as the Certified Financial Planner Board of Standards (CFP Board).
The CLTC designation is recognized by most major insurance carriers. It is the only independent, third-party designation that has no affiliation with an insurance carrier.