|
ABOUT US:
Long-Term Care Planning Advisors is a Connecticut based LTC
planning consultancy practice specializing in long-term care planning solutions in the employee benefits market, as well as
for business owners, professionals and high net-worth individuals who recognize the need to have a plan in place to protect
assets and retirement portfolios from the potential risk and exposure of long-term care expenses. By performing an objective needs assessment analysis, and through client interaction in determining
financial goals, priorities and expectations, we develop a comprehensive plan of benefit options and funding alternatives
for LTC as an integral part of an individual’s retirement and estate plan.
Long-term care can easily exhaust a lifetime of savings. Our company was founded in 2005 on the principle of transferring the risk to the insurance
company from the devastating financial and emotional consequences of a long-term care event.
From our perspective, it is of great concern that many individuals and families are not fully aware of the cost of
care, underestimate the risk of needing care and often have misconceptions about coverage options and payment of services.
We have incorporated various financial analyses and pricing
models to demonstrate the risk of self insuring, the cost of waiting and growth in the benefit allowance through compounding
options to illustrate the financial consequences.
We provide informed guidance to our clients needs in a truly
objective fashion.
CLIENT SERVICES:
Ø Conduct an objective needs assessment analysis
to provide plan design and coverage options.
Ø Help our clients to understand the potential risk
and consequences of long-term care expenses.
Ø Develop plan design strategies to meet the specific
needs of client’s retirement planning goals.
Ø Review funding strategies and premium payment
sources to delivery efficiencies in portfolio management.
Ø Weigh the applicability of self insuring and LTCi
alternatives through life insurance concept presentations.
OUR MARKET:
Ø Employee
benefits and multi-life market
Ø Executive benefit packages and carve-out plans
Ø Active and retired professionals, business owners and high
net worth individuals
Ø Estate planning
and investment advisors
Andrew M. Porrazzo, President
Andrew M. Porrazzo is the founder of Long Term Care Planning
Advisors, LLC and has been its President since the company's inception. Mr Porrazzo has more than 20 years experience
in the Life & Health Insurance industry in both group and individual markets. He is a graduate of Villanova
University - School of Commerce & Finance and holds a Bachelor's of Science degree in Marketing.
Mr. Porrazzo is a masters class graduate of the CLTC and has
earned the designation "Certified in Long-Term Care" after completing a rigorous multi-disciplinary course in the profession
of long-term care. In addition, Mr. Porrazzo is certified to sell long-term care insurance approved by the Connecticut
Partnership for Long-Term Care. Also, through America's Health Insurance Plans (AHIP) association, Mr. Porrazzo
has successfully completed a four-course requirement for the Long-Term Care Professional (LTCP) designation. This
four-course program focuses on methods of financing long-term care needs, the long-term care insurance product, and claims
administration.
Mr. Porrazzo, who lives in Woodbury, CT, is a member of the Business
Advisory Council , serves on the Board of Directors for the Woodbury Business Association, a member of the Tribury Chamber
of Commerce, Southbury Business Association, the National Association of Insurance & Financial Advisors (NAIFA), the
Association of Health Insurance Advisors (AHIA) and a member of the American Association for Long-Term Care Insurance.
In addition, Mr. Porrazzo has been accepted into The Metropolitan Who's Who Registry, a private memberhsip associated
with recognition, accomplishments and professional achievements worldwide.
About the Long Term
Care Insurance
Specialist
Most insurance specialists who deal in the area of long
term care coverage do this exclusively. The reason is, in order to help people buy long term care insurance, the representative
must have a thorough knowledge of long term care systems and how to apply long term care planning.
Long term care planning is not a simple field of expertise.
There are at least 10 or 15 diverse services and service providers in this area. In particular, Medicare, community aging
services and Medicaid are complicated and require the full attention of the care adviser, not a generalist who is distracted
by other insurance products or planning issues. In addition the specialist must have an understanding of how long term evolves,
what settings are appropriate and how family caregivers are involved in the caregiving process.
The major focus of the specialist is to provide proper
insurance coverage fitted to each family's unique situation. The specialist is also careful to represent a company or companies
that are financially sound and have a solid history in long term care insurance sales.
Some specialists are taking the additional step to become
all around long term care planning advisers. In this role they bring together other players in the care planning arena such
as care managers, elder law attorneys, preneed planning specialists, reverse mortgage specialists, elder mediators and others
who can help a family adequately plan for the need for long term care. Long-term care insurance is important but it is only
one piece of the puzzle.
This planning is not only important
for an older generation but it is also important for those people in their late 40s and 50s to work with a specialist
to make planning for long-term care a part of their preparation for retirement
|
