Painting the Long Term Care Picture by the Numbers

Planning for potential long term care needs is challenging. There is no universal solution and often the “best” option is less than ideal. But don’t let that deter you from helping your clients prepare.

Each client is likely to require a different approach. Some may be looking at stand-alone policies that offer a wide range of benefits. Others may be more apt to consider the increasingly popular option of a hybrid policy that combines the benefits of a life insurance policy or variable annuity with long term care protection built in.

In any event, the first step is simply having the conversation. Helping clients understand the scale and probabilities related to long term care is a great way to get started.

These five statistics may help put it all in perspective.