The Interface Between Continuing-Care Retirement Communities and Long-Term-Care Insurance

Financial advisers help clients plan for age-related risks such as a potential need for long-term care, where this care might be obtained, and how it will be funded. Options in this planning space include continuing-care retirement communities (CCRC) and long-term-care insurance (LTCI). Perhaps less...

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Bibliographic Details
Published inJournal of Financial Planning Vol. 25; no. 5; p. 54
Main Authors Nelms, Linda L, (Betsy) Mayes, Sarah L, Doll, Betty
Format Trade Publication Article
LanguageEnglish
Published Denver Financial Planning Association 01.05.2012
Subjects
Financial planners
Long term care insurance
Retirement communities
Studies
United States > US
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Summary:Financial advisers help clients plan for age-related risks such as a potential need for long-term care, where this care might be obtained, and how it will be funded. Options in this planning space include continuing-care retirement communities (CCRC) and long-term-care insurance (LTCI). Perhaps lesser known are the connections between CCRCs and LTCI, and why it is necessary to consider them in concert when planning. This paper provides information to help financial planners broach long-term-care risks with clients to determine appropriate steps for helping them plan for care later in life.
ISSN:1040-3981