Long Term Care Solutions

Many, if not most, people who are in or near retirement age have watched their parents age. And most of them have also seen their parent’s assets dramatically reduced due to the expenses of long term care. Almost 70% of people turning age 65 will need long term care services at some point in their lives (Source: www.longtermcare.gov). Potential costs are staggering. At $21/hour for a home care worker for 16 hours per day, for a serious medical condition, the cost exceeds $10,000 per month. According to one source, the national average monthly cost for a typical nursing home was $102,000 per year in 2019.

At Wealth Risk Management, we focus on solutions to the costs of long term care, which may or may not include insurance, that are designed for your particular circumstances. The breadth of our experience and products in this area of wealth risk management is rarely found.