BCG Companies: Planning with Long-Term Care Insurance
Posted on 04.29.15
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.”
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