AXA and Dr. Timmermann will collaborate to deliver training around aging issues, including offering client seminars and creating training materials for financial professionals and informational packets for clients. Dr. Timmermann’s areas of expertise include retirement life stage issues and connecting the dots between aging at home and long-term care protection. She covers subjects ranging from retirement finances, family needs and intergenerational relationships, housing and aging in place, long-term care and other transitional topics.
“Where and how people want to live as they grow older, especially if they have a disabling condition, are rarely discussed but should be raised early in the retirement planning process,” noted Timmermann. “Most of us would like to age in our own homes, so thinking through who would provide care if we need it, what support family caregivers would need, and how much home care services cost can help to assure a more secure future and better quality of life in our later years.”
Timmermann founded the MetLife Mature Market Institute and has held senior staff positions with several aging organizations including the American Society on Aging, AARP and SeniorNet. She is currently a Visiting Professor of Gerontology at the American College of Financial Services and writes the Financial Gerontology column for the Journal of Financial Service Professionals.
“We’re honored to work with Dr. Timmermann to help educate our clients on the important matter of long-term care protection,” said Trey Reynolds, Head of Life Distribution for AXA in the US. “The potential need for long-term care and how it will be provided is a top concern for many clients, yet few have taken steps to adequately plan for it. Nor do many know that life insurance can provide living benefits, including the ability to help cover long-term care expenses, if needed. With this relationship, AXA looks to continue to help our clients prepare for all stages of their lives.”
AXA’s Long Term Care Services℠ Rider1
With longevity rates increasing, the conversation around long-term care is more relevant than ever. The cost of care can be very expensive and it is important for people to consider the impact it may have on their spouse’s/partner’s and/or children’s financial security. In talking with focus groups, AXA found that consumers expect their financial advisor to bring up long-term care protection and want the conversation to be guided by specific, personalized examples and clear-cut explanations of different plan options to best protect their assets. Adding our Long-Term Care Services℠ Rider (LTCSR) to a life insurance policy adds a layer of flexibility, without tradeoffs. Clients can use it to accelerate all or a portion of their life insurance benefit, if the need for long-term care arises, without jeopardizing retirement savings or their estate.
One of the most competitive and flexible long-term care riders in the industry, AXA’s Long-Term Care ServicesSM Rider requires no receipts; has features that may help clients keep pace with rising long-term care costs; doesn’t allow the policy to lapse while claims are being paid; and allows a client’s condition to be temporary.2 Having a fully complete retirement plan in place, including long-term care protection, allows people to stay in control of their lives, determine where and how they will live, preserve assets and support their family and caregiving responsibilities.
1 The Long-Term Care ServicesSM Rider does have an additional cost and is subject to restrictions and limitations. Clients may qualify for life insurance, but not for the Long-Term Care ServicesSM Rider.
2Not applicable in CT and NY.
“AXA” is a brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY, NY), MONY Life Insurance Company of America (AZ stock company, administrative office: Jersey City, NJ), AXA Advisors, LLC, and AXA Distributors, LLC. In business since 1859, AXA Equitable Life Insurance Company is a leading financial protection company and one of the nation’s premier providers of life insurance and annuity products distributed to individuals and business owners through its retail distribution channel, AXA Advisors, LLC (member FINRA, SIPC) and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC (member FINRA, SIPC).
AXA S.A. (also referred to as “AXA Group”) is a Paris-headquartered holding company for a group of international insurance and financial services companies, including AXA Equitable Financial Services, LLC companies. AXA S.A. is a worldwide leader in financial protection strategies and wealth management with 103 million clients in 64 countries. AXA S.A. has been ranked the No. 1 insurance brand in the world by Interbrand for eight consecutive years as of Oct. 5, 2016.
The obligations of AXA Equitable Life Insurance Company and MONY Life Insurance Company of America are backed solely by their claims-paying ability. Find AXA on Facebook, Twitter and LinkedIn. For more information, visit www.axa.com.