Self-Study
5
Basic
Taxes
There are no prerequisites.

Course Description

The risk of needing long-term care - a designation given to a broad range of services designed to meet an individual's mental, emotional, physical, and personal needs - is present at all ages. However, as individuals become older, the risk increases significantly.

The U.S. population is expected to increase by about 27% by the year 2050. In contrast, the part of the U.S. population most at risk for needing long-term care - the segment comprised of individuals 85 years or older - is expected to grow by 280% during this same period. This segment of the population is growing disproportionately, while simultaneously, the already substantial costs of long-term care are rising at a rate exceeding the inflation rate.

These issues present significant and burdensome financial concerns for many clients and their heirs. This course examines the nature, risks, and associated costs of long-term care, as well as the forms in which it may be delivered; the sources available to help pay for it; and the features of long-term care insurance.



Instructor



Course Specifics

Taxes
May 25, 2017
There are no prerequisites.
SS8162546
117
None


Compliance Information

103220
IRS Provider #: 0MYXB
IRS Course ID: 0MYXB-T-00942-16-S
IRS Federal Tax Law Credits: 5
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-0915
CTEC Federal Tax Law Credits: 5
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Define long-term care;
  • Describe the normal activities of daily living;
  • Identify the settings in which long-term care may be provided;
  • Recognize the risk of needing long-term care and the factors that may affect the risk; and
  • Describe the social factors affecting the need for long-term care.

Chapter 2

  • Identify the national average cost of obtaining long-term care in a nursing home;
  • Recognize the average U.S. cost of residing in an assisted living facility;
  • Identify the average costs normally associated with community-based long-term care;
  • Describe the U.S. population trends expected to affect the future cost and availability of long-term care; and
  • Recognize the various sources of long-term care funding in the United States.

Chapter 3

  • Compare the indemnity and reimbursement approaches to providing long-term care insurance benefits;
  • Identify the qualified and nonqualified long-term care insurance policy benefit triggers;
  • Recognize the basic provisions contained in a long-term care insurance policy;
  • Describe the tax treatment to which long-term care insurance premiums and benefits are subject; and
  • Identify the alternatives for paying the costs of long-term care services.

Chapter 4

  • Identify the factors that affect the suitability of long-term care insurance for an individual client;
  • Recognize the client disclosures that should be made in any ethical long-term care insurance recommendation; and
  • Describe the special suitability and disclosure requirements applicable to the replacement of a long-term care insurance policy.


Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


Back to top