LTC in the News: Families with Long-Term Care Insurance Face Less Financial Strain

A new CLTC study, "Creating a Path Forward," shows how long-term care insurance (LTCi) reduces the financial strain of caregiving. Families without coverage often deplete savings or cut work hours, while those with LTCi call it “lifesaving.” Yet challenges remain: policyholders often overlook benefits like respite care, and many caregivers struggle to access resources. For families and advisors, the message is clear: early planning and understanding LTCi benefits are essential. While not a cure-all, LTCi offers critical protection, helping preserve financial stability and support loved ones with dignity.

Read about it in this Rethinking65 article, Families with Long-Term Care Insurance Face Less Financial Strain