Vince Bodnar is Shifting LTCI Industry Perspectives

In this episode of the Voices of LTCI podcast, we sit down with Vince Bodnar, Senior Advisor at Alvarez & Marsal Financial Services Industry Group, LLC. Vince, a renowned figure in the long-term care insurance industry, shares his journey and insights spanning over three decades. From the inception of long-term care products in the late 1980s to contemporary challenges and innovations, Vince provides a comprehensive look at the industry's evolution.

Tune in to hear Vince’s unique perspective on the importance of connection and innovation in advancing the field. Whether you’re new to LTCI or a seasoned professional, this episode offers valuable lessons on navigating the complexities of product design, regulatory environments, and the pressing need for wellness integration. Don’t miss out on Vince’s stories about his past experiences and his vision for the future!

Chapters

• 0:00 Vince Bodnar, Senior Advisor at Alvarez & Marsal
• 1:45 The Helper Bees acquisition story
• 2:50 Creating the LTCI problem
• 5:15 The eye opening realization
• 7:45 When did the LTCI industry start to realize rates need to change?
• 10:50 Did slow sales and product design of LTCI play a role into growth?
• 15:30 Vince Bodnar’s career transitions and guiding principles
• 22:28 Vince Bodnar wants to help drive LTCI innovation quicker and smarter
• 26:02 How do we innovate and not repeat mistakes in LTCI financing?
• 32:35 We need a bit of grit and perseverance to innovate and do the right thing
• 36:40 Thank you wrap up