Measure The Risk. Plan With CAREfidence
While the risk of cognitive decline and loss of independence is not random, most financial plans still rely on generic averages, if they address the issue at all, rather than measuring the individual sitting across the table. The CARE Profile™ transforms health, lifestyle, family history, and personal risk factors into a personalized projection of longevity, when care is most likely to begin, how long it may last, the type of care most likely to be needed, and the potential financial exposure to clients and their loved ones.
For proactive advisors, the CARE Profile™ provides answers to foundational Long-Term Care Planning questions.
> What is the client's individual life expectancy?
> When should clients expect care to begin?
> How many years is care expected to last?
> Where will care be needed across the continuum?
> What is the estimated cost of care
> What is the current retained care risk exposure, the CARE Delta™
> Should clients retain the risk or transfer some or all of it?
The CARE (Cost Assessment & Risk Evaluation) Profile is an AI-driven analysis that evaluates an individual's Long-Term Care exposure by measuring the factors essential to comprehensive financial, legal, and tax planning.
Using these factors, the CARE Profile Engine estimates:
- Individual life expectancy.
- Expected age of care onset.
- Estimated years of care.
- Care dispersion across home health care, assisted living, or nursing home.
- Estimated current care costs
- Current retained LTC risk exposure – The CARE Delta
It's time to build CAREfidence into your client financial planning.
Print