BCG Companies: Planning with Long-Term Care Insurance

BCG Companies: Planning with Long-Term Care Insurance

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We would like to share this insightful article from BCG Companies’ Eric Hieber.

“Long-Term Care insurance (LTC) is designed to provide an income stream to offset the costs of increased medical expenses resulting from an extended illness that requires professional care. One of the most significant concerns we hear is the potential impact of Alzheimer’s and the erosion of assets if an individual requires care and lives for a long time.

In today’s environment, it is rare for us to have a planning discussion with a client or advisor where Long-Term Care concerns do not come up. LTC is a significant concern for many clients and there are limited, but expanding, alternatives to alleviate the potential financial and personal burden of an extended illness.”

Access Full Article: BCG Companies: Planning with Long-Term Care Insurance

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.

About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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