“The Lincoln study surveyed 500 people between the ages of 40-70, and found that of those with a financial advisor, only 45 percent have discussed long-term care with their advisor, and only few were aware of the wide range of solutions available to help address the potential financial impact of long-term care. … For additional findings from Lincoln’s “2016 Long-Term Awareness Study,” please view this presentation at Lincoln’s website.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Not exactly news, but further evidence of financial advisors’ remissness regarding LTC risk and cost.
Majority of Consumers Nearing or in Retirement Have Not Planned for Long-Term Care