The following are Frequently Asked Questions regarding LifeCare GatewaySM:
What value does LifeCare Gateway provide?
We help Financial Advisors tackle clients' financial and emotional risks associated with caring for parents and loved ones.
Our turnkey practice management solution generates new revenue and product sales for advisors by engaging clients and their extended family.
What market need does LifeCare Gateway meet?
Over 39 Million baby boomers will have elder care responsibilities over the next ten years. Typically, when a baby boomer is tapped by a loved one, they are asked to help make decisions, provide financial support, and help find the best care. This is new ground for the majority of boomers.
With LifeCare Gateway, the Financial Advisor can help clients plan to be better prepared for life care responsibilities, as well as being a valuable resource at time of crisis.
Do Advisors need any specialized training or certifications to offer LifeCare Gateway's services?
Who are LifeCare Gateway's competitors?
There are none. While a growing number of vendors provide some level of service, no other companies have created an integrated turnkey practice management solution.
What is the financial services industry doing today to help clients prepare for life care responsibilities?
Not much. The vast majority of profiling (fact finding) tools used by Financial Advisors do not collect any information about parents or elderly loved ones to whom a client may feel care obligations and responsibilities.
What threats do life care responsibilities pose?
The costs associated with life care can be great. Absent proper planning, they could have a devastating financial impact.
There are emotional tolls as well. Clients must often help make life decisions ranging from very important to menial. These tasks can be monumental, time consumer, energy draining and solitary when done without support.