Insurance Planning

What Issues Should I Consider When Purchasing Long-Term Care Insurance?

Updated 12/1/2023

Many of your clients may be contemplating their needs and options for LTC insurance. This can be a complicated analysis, dependent upon an individual’s age, health, financial circumstances, wealth transfer goals, and general philosophy. Clients may struggle and be reluctant to weigh the risks and benefits, and to assess the potential value of LTC coverage.

To help you guide your clients through this dilemma, we have created this checklist. It covers key issues to consider prior to purchasing LTC coverage, including:

  • LTC needs and services
  • Funding options
  • Policy features
  • Hybrid alternatives
  • Tax considerations
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