Seventy percent of female financial advisers say women are underserved
Tag: long-term care
A study also learned that while 53% of respondents said they planned to become caregivers, many are unprepared for the financial implications of taking on such a role.
Many mistakenly believe government programs will cover long-term care costs, which may be why a mere 20% have taken any steps to find LTC insurance.
LIMRA says that retirees can expect to pay 13% of their income each year in retirement on health care and long-term care expenses.