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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
July 19, 2004 at 08:00 PM
NU Online News Service, July 19, 2004, 6:54 p.m. EDT
Many adult children of older U.S. residents have no idea what their parents are doing about long term care insurance.[@@]
Bankers Life and Casualty Company, Chicago, has published data supporting that conclusion in a report on a recent survey of U.S. parents ages 56 to 80 and of U.S. adults ages 35 to 55 who have at least one living parent.
Researchers hired by Bankers Life, a unit of Conseco Inc., Carmel, Ind., have found that 42% of the adult children believe their parents have some sort of LTC plan in place.
In reality, only 31% of the parents surveyed said they have LTC insurance, and other studies have shown that fewer than 10% of older U.S. residents actually have true LTC insurance, Bankers Life says.
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