The Importance of Long-Term Care in Retirement Planning

According to the U.S. Department of Health and Human Services, 70% of people ages 65 and older today will need long-term care support in their lifetime.¹ As costs for care increase, it’s important to incorporate long-term care into retirement planning conversations with clients.

In this video, Betty Doll, long-term care insurance expert; J. Michael Collins, financial capability expert and Faculty Director of the Center for Financial Security at the University of Wisconsin–Madison; and Maddy Dychtwald, aging and longevity expert and Co-founder of Age Wave, discuss why covering long-term care needs in client conversations is beneficial to a financial professional’s business and when you should talk to clients about long term-care.