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Kerry Morris, CFP® Founder of HonorShield, Interviewed on the Influential Entrepreneurs Podcast Discussing Aging Insurance

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Kerry Morris, CFP® Founder of HonorShield, Interviewed on the Influential Entrepreneurs Podcast Discussing Aging Insurance

Published on November 15, 2023

Kerry Morris discusses the role of aging insurance in long-term financial planning.

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-kerry-morris-cfp-founder-of-honorshield-discussing-aging-insurance/ 

 Aging insurance refers to insurance solutions that protect against the financial aspects of the aging process. While not an officially recognized term, it is used to discuss the need for insurance products that address the challenges and risks associated with aging. The episode highlights that many people only think of traditional long-term care insurance when considering aging insurance, but this narrow view may not adequately address the impending risks and their impact on one’s financial portfolio. It emphasizes the importance of considering evolving actuarial tables and changing demographics, as the population is living longer. It also underscores the increasing prevalence of health issues related to aging, such as dementia and Alzheimer’s disease. The aim of aging insurance is to provide protection against the financial implications of these health scenarios. The episode suggests the need to explore insurance solutions that can address the unique challenges of the aging process and provide financial security for individuals and families.

According to Kerry, aging insurance is not just about protecting oneself financially, but also about addressing the various challenges that come with the aging process. It involves more than just money and includes considerations such as relationships, stress levels, and decision-making.

Mike Saunders and Kerry Morris use the analogy of a bucket with holes to illustrate the concept. He explains that as more holes appear in the bucket, money seeps out, which could have been used for retirement. This implies that aging insurance aims to address the potential financial drain caused by the aging process.

Additionally, Kerry Morris mentions the changing demographics and longer life expectancies. He notes that actuarial and demographic tables are changing, indicating that expectations and preparations for aging have shifted over the decades. This suggests that aging insurance needs to adapt to the evolving needs and challenges associated with longer lifespans.

Furthermore, Kerry discusses the health scenarios that come with a longer life expectancy, such as dementia and Alzheimer’s disease. He mentions that every 65 seconds, there is an Alzheimer’s diagnosis, emphasizing the significant impact of these health conditions. This indicates that aging insurance also involves addressing the healthcare and caregiving aspects of the aging process.

Overall, aging insurance encompasses more than just financial protection. The goal is to provide comprehensive support and protection for individuals as they navigate the challenges and uncertainties of the aging process.

Kerry explained: “Let’s come away from the money for a second and just share with the listeners quickly the fact that this is really about the whole family. It’s about relationships, it’s about stress levels, and it’s about decision-making. And I’ve seen the process of decision-making when families are going through the aging process, be dramatically impacted or hurt by having or not having prepared in this area.”

 

About Kerry Morris

Kerry Morris, Author of When Retirement Goes Bad, Life Sucks and Financial Survival for Families in the Grip of Dementia, Certified Financial Educator®, and CERTIFIED FINANCIAL PLANNER™ professional.

Kerry Morris has been serving families for the past twenty-six years as a financial planner and advisor.  He has recently launched HonorShield, LLC., as a way to challenge the current thinking and behavior of consumers and financial advisors preparing for the potential high cost of aging.

He has spent several of his twenty-six-year career advising hundreds of families experiencing the nightmare of paying for care. The question, always, was “how to make the money last”? 

Morris has watched too many families, too many men and women not be fully prepared for retirement. The financial industry has put this cost-of-care issue on total “ignore” mode, often shoving it onto a small but valiant band of “insurance specialists” around the country.  Only about 10 in 100 Americans embrace this model. That is a problem for American families and our country.

Morris found a better way, a win-win solution that more Americans could feel good about embracing.   It’s a whole new way to approach and solve this problem: the LCAP—the Longevity Care Allocation Plan. Every person, every family deserves to know how an LCAP works.  Kerry Morris has made it his life’s goal to ensure that those he helps can hold their head high and know that no matter what curve balls retirement throws at them, they will be prepared.

“One of the most important things I’ve learned in my 26 years in the business is that a great life is supported by three areas, Health, Relationships, and Money. My job is to make sure that a family’s money is working effectively to accomplish that job.”

Learn More:
http://www.honorshield.com/

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Landed For Success Showcases Inspiring Stories By Dr. Tom Chesser Achieving #1 International Bestseller Status In Canada, United States, Mexico, Europe & Asia

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Landed For Success Showcases Inspiring Stories By Dr. Tom Chesser Achieving #1 International Bestseller Status In Canada, United States, Mexico, Europe & Asia

Published on January 19, 2024

The primary goal of Dr. Tom Chesser is to inspire readers to embark on their journey to Success. Each story shared in the series serves as a source of motivation, offering valuable insights & lessons that can be applied to all aspects of life.

Landed for Success is a collection of stories celebrating the triumphs and resilience of individuals from all walks of life. Founded by Jey Jeyakanthan and Gordon So, the series has gained international recognition; with the first three volumes reaching international bestseller status in multiple countries, including Canada, the United States, Mexico, Europe & Asia, Landed for Success has become a source of motivation and guidance for those seeking their path to Success. They are inspiring readers across the globe.

With the upcoming release of volume four, Landed for Success, Untold Stories, the founders and authors continue to share their experiences and insights, encouraging readers to embark on their journey to Success. These books remind readers that Success knows no boundaries and that anyone can achieve greatness with determination and perseverance.

Dr. Tom Chesser’s Insightful Contributions:

One of the authors featured in the Landed for Success series is Dr. Tom Chesser, who shares brilliant stories; in the Landed For Success Book titled “Going From Burnout To Victory,” Chapter 16: Finding The Superhero In You – Dr. Tom Chesser wrote, “We all have a time in our lives when things have happened that we did not ask for or expect. It is not what happens to you in life; how you react to what happens to you that counts the most. I genuinely believe there is a superhero in each of us with superpowers that no one else has. We all face a time of Burnout. Only when we realize that our lives matter and our story can we make a difference; then, we can see our actual God-given superpowers. Yes, people will face adversity, and villains will try to steal your superpowers. Some might be your friends, family members, or business relationships. However, you never know when all that could turn around and become a blessing in disguise. So, let’s find the Superhero in you and work together to save the World!”

Dr. Chesser understands that Burnout is real and that everyone’s mental wellness is being challenged daily. Chesser hopes people come along this journey with the 19 authors from Volume Two, “Landed for Success, Untold Stories, From Burnout to Victory.” They look forward to hearing about other people’s victories and how they have Landed for Success.

In the third edition, Landed For Success Untold Stories, Dr. Chesser shared “Lessons Learned From the Inside The Cockpit Of An Airplane.” Dr. Chesser’s story offers a unique perspective on Success, drawing parallels between the cockpit of an airplane and the challenges individuals face in their personal and professional lives. If an individual could ever climb into the cockpit of an airplane, they would see many gauges and instruments. One of these instruments is known as the “Attitude Indicator.” Its purpose is to let the pilot see the aircraft’s orientation and position to the earth’s horizon. It indicates whether the plane is level or turning left or right and whether it’s gaining or losing altitude. So basically, the “Attitude Indicator.” of the airplane will determine its performance. Chesser’s emphasis is placed on how a person’s attitude can affect their altitude. Chesser even quotes Zig Ziglar: “It’s your attitude, not your aptitude, that will determine your altitude.”. Chesser believes that a person’s thoughts lead to actions, actions lead to habits, habits lead to character, and character develops a person’s future.

Landed for Success has invited Dr. Chesser to contribute to volume four, titled Landed for Success, Untold Stories, which promises to be another insightful addition to the collection. Dr. Chesser’s mission is to inspire others to participate in the Landed for Success stories.

The primary goal of Landed for Success is to inspire readers to embark on their journey to Success. Each story shared in the series serves as a source of motivation, offering valuable insights & lessons that can be applied to all aspects of life. By showcasing the experiences of immigrants and individuals from diverse backgrounds, the books emphasize the universal nature of Success and the potential for achievement regardless of one’s starting point.

The Success of the Landed for Success series is evident through its international recognition. The first three volumes have achieved #1 International Bestseller status in Canada, the United States, and Mexico and International Bestseller status in numerous other countries worldwide. This global recognition highlights the universal appeal of the stories shared within the books, resonating with readers from different cultures and backgrounds.

The books are available for purchase on Amazon to make these inspiring stories accessible to a broader audience. Readers can easily find volumes one, two, and three of Landed for Success, with volume four, Landed for Success, Untold Stories, soon to be released. By making the books readily available, the founders aim to reach as many individuals as possible, providing them with the inspiration and guidance to pursue their path to Success.

Dr. Tom Chesser, from Rise Up Media & Marketing, teaches people how to leverage PR, Media, and Marketing to grow a business.

To learn about Landed for Success, visit https://www.landedforsuccess.com

To connect with Dr. Tom Chesser, call 210-289-5996 or email him at riseupmediamarketing@gmail.com

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Bob Chitrathorn Renews Membership with the Financial Services Institute

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Bob Chitrathorn Renews Membership with the Financial Services Institute

Published on January 18, 2024

FSI Advocates for Main Street Americans’ Access to Objective, Affordable Financial Advice

Corona, Ca – Local financial advisor Bob Chitrathorn, of Wealth Planning by Bob Chitrathorn of Simplified Wealth Management, today announced he has renewed membership with the Financial Services Institute (FSI) in Washington, D.C. FSI advocates for Main Street Americans’ access to objective, affordable financial advice, delivered by a growing network of over 37,000 independent financial advisor members.

“I am proud to renew my membership with FSI, an organization that works hard every day, to protect my clients’ access to quality financial advice,” said Bob Chitrathorn. “FSI helps educate elected officials and regulators on what Americans need from financial advisors and how the industry works with clients to secure their financial futures. They also help ensure that I can continue to offer my clients the advice they need.”

“We are very pleased to have Bob Chitrathorn renew their membership,” said FSI President & CEO Dale E. Brown. “Our advocacy is only as effective as our engaged members. And conscientious advisors like Bob Chitrathorn help bring real-life experience to our efforts. We plan to continue to work closely with Bob Chitrathorn as we advocate for independent financial advisors and the hard-working clients they serve.”

Bob Chitrathorn’s practice offers many services to help take planning to the next level. He has been an independent advisor for 19 years and is affiliated with LPL. Bob Chitrathorn is also active as a Forbes Finance Council Member

More information on Bob Chitrathorn’s practice can be found at www.planwithbob.com

About the Financial Services Institute (FSI): The Financial Services Institute (FSI) is an organization advocating solely on behalf of independent financial advisors and independent financial services firms. Since 2004, the Financial Services Institute (FSI) has had a clear mission to ensure that all individuals have access to competent and affordable financial advice, products and services delivered by a growing network of independent financial advisors and independent financial services firms. For more information, please visit financialservices.org.

— END —

Financial Advisor Membership is a paid membership open to any FINRA, SEC or state-licensed individual partner, director, officer, employee, or independent contractor of a retail broker-dealer or investment advisor (RIA). 

Bob Chitrathorn is a registered representative with, and Securities and Retirement Plan Consulting Program advisory services are offered through LPL Financial, a registered investment advisor, member FINRA/SIPC. Other advisory services offered through Mariner Independent Advisor Network. Mariner Independent Advisor Network, Wealth Planning by Bob Chitrathorn, and Simplified Wealth Management are separate entities from LPL Financial. 

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Ryan Quante, Founder of Care Income Advisors, Interviewed on the Influential Entrepreneurs Podcast Discussing Dementia Care

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Ryan Quante, Founder of Care Income Advisors, Interviewed on the Influential Entrepreneurs Podcast Discussing Dementia Care

Published on January 18, 2024

Ryan Quante discusses understanding dementia care options. 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-ryan-quante-founder-of-care-income-advisors-discussing-dementia-care/

Long-term care planning is crucial for individuals with cognitive and mobility issues, such as dementia, Alzheimer’s, and other cognitive impairments. As mentioned in the episode, as people age, the likelihood of needing specialized care increases, making it essential to have a plan in place. Without a long-term care plan, individuals and their families may face financial insecurity and emotional stress.

Dementia is a progressive condition that can last from a few months to as long as 20 years. The impact of dementia on individuals and their families can be significant, especially for longer claims. Long-term care becomes a crucial aspect of providing the necessary support and care for individuals with dementia.

From a financial perspective, long-term care can be expensive. Planning and purchasing a long-term care policy can provide individuals with financial security and ensure that they are not a burden on their loved ones. In the episode, a client named Joe was mentioned as an example. Joe had purchased a long-term care policy and was able to secure a monthly benefit of $12,000, which helped cover the costs of his care.

Emotionally, long-term care planning also plays a significant role. Dealing with cognitive and mobility issues can be emotionally challenging for both individuals and their families. Having a plan in place can provide peace of mind and alleviate some of the emotional stress associated with these conditions.

Finally, long-term care planning also involves care coordination services. These services involve professionals who work with families to create and adjust care plans as the disease progresses. This ensures that the care being provided aligns with the current needs of the individual with cognitive and mobility issues.

Ryan explained: “I help families ensure they never have another sleepless night worrying about paying for their loved one’s care.”

About Ryan Quante

Ryan is a Certified Long Term-Care Insurance specialist and has helped clients, agents, & and attorneys find viable solutions to their LTC needs. For the past 8 years, he’s made it his mission to help as many people avoid spending down all their assets to pay for care as he can through creative planning strategies. Ryan resides in St. Charles, Missouri, and enjoys hockey, music, and his two dogs.

Learn More:
https://www.careincomeadvisors.com/

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