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Flight #107: Making Sense of Long-Term Care Insurance Options with Amy Arnett

Does the phrase “long-term care” make you cringe? If so, you’re not alone, but it’s something we all need to think about eventually. In this episode, we sit down with Amy Arnett, VP of Insurance Solutions at DPL Financial Partners, who brings 36 years of experience in the insurance world to help us understand the evolving landscape of long-term care options.

Listen in to learn why insurance isn’t all or nothing anymore and how you can now tailor coverage to your needs and budget. Amy also explains what assisted living typically includes, what happens if you choose not to purchase insurance at all, and how long-term care looks different for veterans or those with disabilities. Whether you’re planning for yourself or a family member, this episode gives you clear, practical insights into the range of options available today.

What You’ll Learn In Today’s Episode:

  • The basics of traditional long-term care insurance.
  • The pros and cons of annuities with long-term care riders.
  • What a “rider” really means in insurance.
  • The risks of not buying long-term care coverage.
  • Options available to veterans and people with disabilities.
  • What assisted living typically includes.
  • Why insurance coverage today is more flexible than ever.
  • Ways to avoid overpaying for unnecessary coverage.
  • How to begin conversations about long-term care.

Ideas Worth Sharing:

  • “Insurance is no longer all or nothing. You don’t have to buy the Cadillac coverage anymore, you have a lot of options.” – Kevin Gormley
  • “When you self-insure, you’re paying 100% for that care. When you use insurance, you’re paying closer to 30 cents on the dollar for that care.” – Amy Arnett
  • “You have to be open with your physician and be realistic about the assistance you’re going to need.” – Amy Arnett

Resources In Today’s Episode:

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