What is Long-Term Care?
As Americans age, many are concerned about the potential physical, financial or emotional burden on the people they love most should a health event require extended care. When that care is required due to limited Activities of Daily Living or ADLs (bathing, dressing, eating, continence, toileting and transferring), that is what is known as Long-Term Care (LTC).
Most of your clients are not prepared for this need and haven't addressed it in their planning' and even fewer families are prepared to become caregivers. A LTC plan will help clients pay for the expenses associated with care at home or in a facility when they are unable to perform their ADLs.
Regardless of your advisory role, it's important to recognize that LTC should be addressed in your clients' planning; as a component of their comprehensive Estate, Financial, Retirement and Risk Management planning.
INERTIA is prepared to help when you are ready to implement that planning!