They need about 8% more than what they needed a year ago, according to the Employee Benefit Research Institute.
Fewer than one-third of U.S. adults in a Northwestern Mutual survey say they have spoken with parents about estate planning.
A key question is, how much can your client afford to lose if disaster strikes?
This tax-saving tool an be a boon to some clients and a minefield for others.
But skeptics say it's too soon to cheer.
The general public suffers from a lack of awareness of long-term care solutions, according to Lincoln Financial.
There's a way to help clients get over the sticker shock.
Level-funded health plans can lower the cost of employee benefits for a small business.
Too many advisors avoid the subject of long-term-care insurance, an industry executive says.
The policies are getting re-evaluated by people in the post-Covid age.
Clients want personal advising services, and they would prefer to get it all from one trusted advisor, an EY executive said.
Declining enrollment and higher labor and supply costs have forced 327 nursing homes to shut down since 2020.
Underwriting standards appear to be getting tougher.
A client's attitude toward assets will determine the best retirement income plan, the retirement specialist said.
Bonsai will offer a platform for financial professionals to help clients manage their assets, liabilities and financial goals.
More than 1,245 Merrill Lynch advisors have earned financial gerontology certificates.
In 2022, opportunities abound for advisors who pivot from making gains to protecting gains.
Though Alzheimer's patients under age 65 can qualify for Medicare, they don't get access to just any treatment.
The number of claims has swelled over the last three years. Claims are being paid to more beneficaries each year, according to an insurance advocate.
Advisors need to be ready to deal with the emotional issues confronting divorced older clients, wealth managers say.