1. EachPod

The Cost of Long-Term Care

Author
J. Christopher Boyd
Published
Fri 03 Nov 2023
Episode Link
https://sites.libsyn.com/35485/the-cost-of-long-term-care

The difficult subjects of long-term care planning and insurance are discussed in detail by Chris Boyd and Jeff Perry. Chris Boyd shares some common themes and concerns from clients about the potential cost of a long-term care event and whether purchasing long- term care insurance is a good option to consider. The pair goes back and forth on the pros and cons of long-term care insurance. To put things into a larger perspective, Chris and Jeff review the recent data related to the likelihood of having a long-term care need, the average length of stay, and the likely cost. The pair discusses options other than insurance to consider when preparing a financial plan.

If you need help with financial planning issues don’t hesitate to reach out to Asset Management Resources at (866) 771-8901.

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