The best options for paying for long-term care

Reporter: David LaMartina

Publication: ThinkAdvisor


Deadline: Apr 17, 2017 12:00 pm

This story will be featured in a new, retirement-focused section of Nationwide’s ThinkAdvisor website. The new section will be similar in content to the previously featured Retirement Wire: The first round of stories will focus on topics related to healthcare and long-term care. “Traditional” long-term care insurance isn’t the only way to pay for long-term care, and more and more options seem to become available as the need for LTC grows. What are some of the best options for retirees and people planning for retirement? Annuities, life insurance, employer-sponsored retirement packages and more – which options are best for different scenarios? Which strategies allow clients to prepare for long-term care if they do need it – while still leveraging or passing down their investments if they don’t? Overall, this article should help advisors learn more about the various long-term care payment options available to their clients. What do advisors need to know, what do their clients need, and how can they better serve a clientele with growing needs for long-term care? Requirements: I would like to interview 3-4 financial advisors who routinely deal with long-term care and other healthcare-related issues as they help clients plan for retirement.

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