Long Term Care
The Long-Term Care (LTC) module analyzes a client’s ability to help fund the cost of long term care. Key LTC statistics are presented, current resources are reviewed, long term care costs are defined, and exposed shortfalls are minimized by illustrating an alternative long-term care policy. This tool also provides a quantitative analysis of the economic cost of long-term care insurance by comparing the costs of the proposed long-term care insurance to the protection it provides.
Module Target User – Advisors (who sell LTC insurance)
Completion Time – 10 to 20 minutes
This module:
- Illustrates the common sources of long-term care funding with pros and cons
- Estimates potential long-term care costs for either one or two individuals and compares them to available resources
- Illustrates how a LTC insurance policy can help finance long-term care needs