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Writer's pictureCarmen Escobar

November 2024 Newsletter

Happy fall, we trust you are doing well!


Thanksgiving is almost here! 


We trust you are able to spend

some time off with friends and

family! 




Do you have the LTC convo with your

clients? 



Long-Term Care Awareness Month, observed in November, aims to highlight the importance of understanding and planning for long-term care (LTC) needs. As life expectancy increases, many people face the reality of needing support for chronic illnesses, disabilities, or simply the challenges of aging. This month serves as a reminder to individuals and families to consider how they would handle the costs and complexities of LTC, which may include in-home care, assisted living, or nursing home care.


Planning ahead for long-term care can help reduce the emotional and financial strain on families. Without preparation, the cost of LTC can be a significant burden, with Medicare and standard health insurance often not covering many LTC services. The month encourages people to explore options like long-term care insurance, savings plans, and other resources that may alleviate these future costs.




Beneficiary updates are crucial because they ensure that assets, like life insurance, retirement accounts, and certain investment accounts, go to the intended recipients. Without regular updates, assets might be left to unintended individuals, such as an ex-spouse or deceased beneficiary, which can create confusion, disputes, and legal complications.


Changes in family circumstances—like marriage, divorce, birth of children, or death of a previous beneficiary—make it necessary to review and update beneficiary designations regularly. Unlike wills, which go through probate and can be contested, beneficiary designations often bypass the probate process, making them a more direct way to transfer assets. However, these designations override what’s stated in a will.


Regularly updating beneficiaries also helps prevent delays in asset distribution and gives loved ones quick access to necessary funds. This proactive approach minimizes family stress and ensures that your legacy stays. 



Have you logged into your 

bcadvisor.pro portal lately?


We have added a new clients button, new search feature, and more property and casualty details! 


Have an idea or a feature you'd like to see in the portal? 


Please let us know, we are all ears!



Q4 here we are!



Have a client who still needs

to get their insurance taken

care of in 2024? 


Let us know how we can help!






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