The financial well-being of clients approaching retirement depends on many factors, some that are within their control and others that are not. With the current increase in life expectancy, long-term care costs are a necessary expense that should be incorporated into every retirement plan. Plans that don’t incorporate these expenses can significantly overestimate the sustainability of the plan. However, sometimes it’s too late.
In the following case study I share how not having long-term care insurance changed the retirement plan for my client who is a couple nearing retirement, and how I found creative solutions when needed most. How well equipped are your clients’ financial plans to handle long-term care costs?
Register or login for access to this item and much more
All Employee Benefit News content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access