The costs for long term care (LTC) represent the single largest risk that many retirees face to their nest egg. These costs have gone up so dramatically in recent years that they can deplete a lifetime of savings within just a few years.
The LTC industry is relatively young, starting in the 1980’s. Since that time, a number of technological and health-care advances have significantly altered the actuarial/mortality tables on which the original policy premium figures were based. People live longer lives today, increasing the risk that the insurance companies bear.
As a result, LTC premiums have increased substantially across the board, and the industry is constantly evolving, seeking to present new alternatives for protecting investors from outliving their savings and becoming forced into a care situation that is undesirable for them.
Vision Financial recognizes the importance of addressing this critical area of investment protection and lifestyle dignity within the context of an overall financial plan. Joan Adrian is our resident expert and Long Term Care Specialist, assisting clients with selecting companies and plans that fit their needs and resources. Her background as an RN and hospital administrator uniquely qualify her to speak to the financial, physical, and emotional impact that extended care brings to families. Joan works in tandem with our financial advisors to develop an asset protection plan that brings you confidence and peace of mind.