When it comes to LTC protection, it’s time to know the myths, master the facts, and have the conversation.
Retirement readiness risks come in all shapes and sizes, and few loom larger than the potential cost of long-term care (LTC). Most financial professionals understand the magnitude of this risk; however, preparing clients to address LTC costs often means overcoming a set of well-entrenched myths. Understanding some common myths in advance and becoming well-versed in the facts can change the course of the conversation. And most importantly, it can help create a stronger retirement strategy for clients at a range of income levels.
Myth: “My health insurance provides all the protection I need for long-term care.”