When middle-age clients express concerns about what will happen to elderly parents, do you ever ask a basic question: "Do you want to become a caregiver?"
To understand why the question is important, the National Financial Legacy Group has published a summary report on the 44 million people in the U.S. (about 19 percent of the adult population) who provide unpaid care to a person age 50 or older. It's available here:
Recommended For You
It shows that caregivers make significant sacrifices such as cutting back on leisurely activities (49 percent), spending less personal vacation time (47 percent), or reductions in personal savings (38 percent). Anticipating caregiver responsibilities can be a useful step in accepting the benefits of long-term care insurance (LTCI) and hybrid insurance/annuity programs with long-term care riders or benefits.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
