Americans underestimate the risk of long-term care expenses to their retirement savings, according to Lincoln Financial Group research
Meanwhile, half of financial advisors (50%) say consumers should be more focused on how the need for long-term care could impact retirement savings.
- Meanwhile, half of financial advisors (50%) say consumers should be more focused on how the need for long-term care could impact retirement savings.
- This disconnect is one of many topics worth discussing as the insurance industry recognizes Long-Term Care Awareness Month in November.
- According to Lincoln’s research, Americans overwhelmingly agree (96%) that it is important to plan for long-term care; however, only 19% have actually started planning for it.
- And for a deeper look at consumer and advisor sentiments relating to long-term care, view the Lincoln Financial Group 2023 LTC Marketing and Thought Leadership Research, Finding’s from Survey of Advisors and Consumers, here .