Long-term care may be unpleasant to think about, but that doesn't mean it isn't weighing on the minds of many clients. As more and more boomers retire, LTC planning is dominating the conversation between advisors and their anxious clients.
A new study from Merrill Lynch shows that near-retirees are more concerned about the unknown costs of health care than anything else, regarding it as the biggest threat to their retirement plans. However, key changes in the LTC insurance industry have had a profound impact on advisors options for helping clients plan for this unknown expense.
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