Preserve what you've built and don’t overlook the risk of the unexpected 

If you're enjoying a comfortable lifestyle in retirement, it's important to ask: how would an extended care event impact your financial future? You may have the assets to cover care, but what would need to be liquidated — and how might that affect what you leave behind for a spouse or loved ones? Could it create an emotional or financial burden for your family? 

The truth is, the need for long-term care often brings more than just financial challenges — it can create significant emotional and physical stress for those closest to you. Loved ones may feel pressured to become caregivers, which can strain relationships, careers, and quality of life.

The role of long-term care insurance 

Long-term care insurance helps safeguard your retirement income, assets, and family legacy. Today’s policies are more flexible than ever, with features such as: 

  • Return of premium options 
  • Care coordinators to guide you through the process 
  • Flexible payout structures (indemnity or reimbursement) 
  • Customizable premium designs
 
Grandparents in kitchen with grandchildren mixing something in a bowl

Did you know? 

Many assume their health insurance will cover long term care. In reality, most medical plans provide only limited LTC benefits. LTC insurance is specifically designed to help cover the cost of care at home, in assisted living, nursing facilities, or hospice. 

Three options to consider 

  • Traditional LTC insurance: Lower premiums and flexible benefit choices 
     
  • Hybrid life or annuity with LTC: Return of premium (if care isn’t needed), death benefit to beneficiaries, and lifetime care option 
     
  • Universal life with LTC rider2: Life insurance with LTC coverage, tax-deferred cash value growth, and a higher death benefit (if LTC isn’t used)
LTC statistic

Planning today protects tomorrow 

The rising cost of care can quickly erode savings, even for high-net-worth individuals. Wealth alone doesn’t shield you from the risks. And relying solely on savings can lead to tax consequences and reduced inheritance for your family. 

Extended care planning is not just about protection — it’s a foundation of smart financial strategy. Thoughtful preparation today can help preserve your legacy, ease the burden on loved ones, and give you reassurance in the years to come. 

 

 

 

 

 

 

1https://acl.gov/ltc/basic-needs/how-much-care-will-you-need, February 2020 

2Policy riders are available at an additional cost and may not be available for all products or in all states. Terms and conditions apply. 

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