Level 2 - Aging Options Professional

The LifePlanning Fundamentals Workshop

Become an AO Aware Professional

Course Overview

What You’ll Learn in Level II

Level II builds upon the knowledge you gained in Level I. After completing this training, you will:

Understand how the LifePlanning retirement planning system training is delivered to consumers
Understand the different services provided in the LifePlanning Model’s 5 pillars and how those activities are integrated
Recognize gaps and identify possible solutions in your own and other industries
Be able to describe the LifePlanning Model to clients
Understand how the LifePlanning sequence unfolds; from assessment, to plan letter, to blueprint outcome, to Family Meeting
Learn how to discuss LifePlanning with your clients and how to direct them to educational programs on the subject

Module 1: Introduction & Health Pillar

The best way to avoid institutional care is to stay healthy. This module offers a unique approach to planning for health in the retirement years.

Traditional retirement planning vs LifePlanning
How the LifePlanning process works
Creating the LifePlan Blueprint
Creating the LifePlan Blueprint
Documenting living preferences
Developing healthy habits, including eating right, exercising, and socializing
How selecting the right medical team can lower the risk of needing home health and home care services by 40%
Finding services inside the insurance system
Finding services outside the insurance system
What to look for in a health plan
Documenting the health plan

Module 2: Housing Pillar

In this module, participants learn how to increase the odds of being able to live out their retirement years at home from 30% to 80% without running out of money or forcing loved ones to become unpaid caregivers.

Defining “home”
Residential housing options
Requirements for aging in a private residence
Private residence options
Retirement community options
The role of family
How to choose a housing option
Documenting housing preferences

Module 3: Financial Pillar

It’s not the size of the nest egg that matters, it’s the plan for using it. In this module, participants learn how to create that plan and how to organize their affairs so that agents won’t be burdened by the tasks they are expected to perform.

Creating a financial dashboard
Choosing a financial planner
Working with a financial planner
Using the financial dashboard to make decisions
Paying for long-term care, including private pay, reverse mortgages, long-term care insurance, and public benefits
Understanding the financial burdens on agents
How to assemble a resource team to ease burdens
Documenting financial plans

Module 4: Legal Pillar

This module explains how to prepare legal documents that offer key protections while minimizing burdens on agents.

Wills vs Trusts
Safe Harbor Trusts
Protecting the interests of surviving spouses and heirs
Protecting assets from long-term care costs, estate taxes, and bad actors
Choosing fiduciaries
Creating legal documents that read like manuals of instruction
Documenting legal plans

Module 5: Family Pillar

This module explains how to develop a meaningful checklist of issues to discuss with family to bring clarity to their roles while avoiding unnecessary burdens.