Long Term Care Fundamentals - OR
Insurance Continuing Education in Oregon
Your Price: $16.95
4 credit hours
* A roster fee of $1.00 per credit is required to file Insurance Continuing Education credit in Oregon. That fee is collected as part of your purchase and is then used to pay for the filling of your credits.
If purchased today, this course must be completed by:
August 31, 2024 (128 Days)
CE for CFP® Professionals
The risk of needing long term care—a designation given to a broad range of services designed to meet an individual’s mental, emotional or physical health and personal needs and which are often provided over an extended period of time—is present at all ages. However, as individuals become older the risk of requiring long term care increases significantly.
The U.S. population is expected to increase in size 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 old or older—is expected to grow about 280% during this same period. Not only is the part of the population most at risk for needing long term care growing disproportionately, the cost to provide that care is also increasing. Long term care costs are substantial and, over the last several years, have been increasing at a rate that exceeds the inflation rate.
The growing risk of needing long term care fueled by a rapidly aging population coupled with the high and continually increasing cost of such care can present burdensome financial concerns to many clients and their heirs. This course examines the nature of long term care, the forms in which it may be delivered, the risk of needing such care, the costs of long term care, the sources available to pay long term care costs and the features of long term care insurance.
Learning Objectives:
- Recognize the types of services that constitute long term care and the settings in which they are provided;
- Compare the benefit triggers associated with qualified and nonqualified long term care;
- Identify the national average cost in the United States of obtaining various types of long term care and the sources available to pay for the care;
- Recognize the benefits and tax treatment of long term care insurance and the alternatives for funding long term care; and
- Describe the suitability and ethical issues associated with recommending the purchase of long term care insurance.
Exam Details
Course Details
Rules for Oregon Insurance Continuing Education
- Course material may not be downloaded.
- Exam is closed book.
- Each agent must enroll for the course before having access to course material.
- A student may not access the final exam prior to reviewing all course materials.
- A review quiz is provided at the end of each chapter. The final exam may not be accessed until each review session has been successfully completed.
- Oregon Administrative Rule 836-071-0225(1)(d) limits the number of hours a producer can complete per day to 8. You may NOT start and finish more than 8 hours of continuing education on the same day.
- A course approved in part or in whole as correspondence requires a proctor to be present for the final exam. A correspondence course is any self-study course which includes printed materials as part of the program.
- The state of Oregon charges an additional fee of $1.00 per credit hour.