Long-term care is a necessary part of retirement for the majority of Americans, but it is often overshadowed by other medical needs that crop up during retirement. Medical costs are one of the biggest retirement expenses, and long-term care represents an additional burden on top of other necessary medical treatments.
Long-term care policies will be increasingly important as human life spans increase and people spend more of their lives in retirement.
Financial professionals who deal with high net worth individuals every day might wonder what worries motivate their clients.
Many financial professionals opt for the ease of the hybrid life insurance/ long-term care (LTC) sale, but is it always the best fit for the client?
The insurance industry is heating up in 2015, and some new products have provided advisors with new ways to help clients reach their financial goals.
People are living longer, and with this development comes a greater need for future planning. With this in mind, it’s no surprise long-term care insurance has become a hot topic.
There are plenty of factors your clients need to think about when exploring long term care insurance options, but one that often gets overlooked is how improper coverage can impact loved ones.