Long-Term Care Planning: Assuring Choice, Independence, & Financial Security

Financial consultants are advising their clients to have a personal strategy for long-term care. So why haven t more people chosen a plan for paying for their long-term care? One of the reasons may be that people are looking at their generalist insurance agent for an answer rather than their financial professional. This book successfully argues that planning for long-term care should not be considered an insurance issue, as it is now, but a legitimate part of the financial and estate planning process. Financial professionals are in the perfect position to initiate a discussion about how their clients plan to pay for any potential long-term care need. For some clients, the answer may be LTC Insurance, others may choose one of the other 4 options. Hamm's book educates both financial professionals and consumers about the following - The 4 ways to pay for long-term care and how to choose the most appropriate option. - How to integrate your plan with your personal and financial objectives - How to choose an expert to assist you with developing your written plan for long-term care - Why long-term care is a woman's issue The main point of the book, and heavily emphasized throughout, is the importance of HAVING a plan, and communicating that plan to family members and your financial advisors.