The Long-Term Care Plan Your Parents Didn’t Have

What if a long-term care plan could still create value even if care is never needed? Mark Falter is joined by Patrick Guilfoy for a conversation about asset-based long-term care and how it differs from more traditional policies that many people remember from years past. They discuss how these plans are structured, what happens if care is never needed and why underwriting, funding source and benefit design all matter when evaluating whether this kind of strategy fits into a broader retirement plan. The discussion also highlights the financial strain that an extended care event can place on savings when no plan is in place. When the cost of care can reshape everything else in retirement, this is the kind of risk worth addressing before it becomes someone else’s emergency.