Finding the Financial Sweet Spot for Long-Term Care Insurance
Research shows that 69 percent of individuals over age 65 will need some kind of long-term care (LTC) in their lifetime. LTC is defined as medical or personal care services needed for an extended period of time.
When it comes to funding LTC, there are three main options: family, self-insurance or taking out long-term care insurance.
The July 2014 edition of Trusts & Estates magazine features an article by two members of the Capital Group Private Client Services Wealth Advisory Group discussing how we work with clients to determine which option might serve them best.