Insurance education: LTC? CIR? What does it all mean?

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July 16, 2018 – Host Bob Leins welcomes Shane Canfield, CEO, Worldwide Assurance for Employees of Public Agencies (WAEPA) and Brian Kurrus, Certified Financial Planner® to educate listeners on life insurance, long term care, and chronic illness riders.


  • Definition of long term care
  • Traditional stand-alone plans versus life insurance plans with riders
  • Pro’s and Con’s as well as why each may be used
  • How it may supplement life insurance coverage rather than compete with it


  • What is CIR?
  • The difference between LTC and CIR
  • Does it cover temporary illnesses or only permanent?
  • How CIR’s can mirror LTC riders in their definitions
  • Does the definition to qualify mirror LTC in needing assistance 2/6 ADL’s or for a cognitive impairment?
  • Is there a waiting period?
  • Is it indemnity or reimbursement?

The riders these days are quite complicated and can vary from plan to plan.   Having an understanding of the potential differences between riders is key.  There isn’t a simple answer to the overall differences between LTC and CIR.

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Worldwide Assurance for Employees of Public Agencies (WAEPA), is a nonprofit association formed by Federal employees, for Federal employees.  The goal of WAEPA is to provide access to products and services that promote the health, welfare and financial well-being of its members.   Learn more at