As you edge closer to retirement, have you considered the role of long-term care insurance in your financial plan? As plans and policies evolve, we want to take some time to help guide you through the nuances of long-term care and its critical importance for your future.

Long-term care insurance has undergone significant transformations, and understanding these changes is key to making informed decisions. With life expectancies increasing and healthcare costs on the rise, nearly 70% of people turning age 65 are expected to require some form of long-term care. This stark statistic from the U.S. Department of Health and Human Services highlights the urgency of planning ahead.

We’ll share insights on the changes in insurance policies, the importance of protecting assets, and the innovative hybrid options available today.

Here’s some of what we discuss in this episode:

• What is long-term care insurance and how has it evolved?
• Why would you consider long-term care insurance?
• The limitations of traditional policies.
• What are the new hybrid policies?

Get in touch with Chessman Wealth: https://www.chessmanwealth.com/

The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.

Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.