Long-term care insurance costs are way up. How advisors can help clients cope
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Chad Chubb, a certified financial planner, walked a 66-year-old client through four premium increases on her long-term-care insurance policy.
In all, the retiree, who is single, has seen her annual premiums rise by more than 60% over the last six years. Her cost in 2018 was $2,721, up from $1,626 in 2013.
Expenses notwithstanding, she’s planning on keeping her…
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