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The Price Caregivers Pay

     November is Long Term Care (LTC) Awareness Month.  For many people, the idea that they will need long term care is never really considered.  When it is, the discussion about LTC most often revolves around the cost of insurance and whether owning a long term care policy is a wise use of resources.  There is another cost that is overlooked and that is the effect caregiving has on those that end up providing care for those with LTC needs that chose not to plan for an LTC event.
     Every three years, Genworth, a leading provider in the long term care insurance market, has sponsored a survey to measure the impact of caregiving on caregivers and their families. The most recent survey was completed in 2018.  The primary conclusion from the survey is that caregivers’ health and well being is affected in a negative way by having to provide care for a loved one. The survey also points out that having a plan, whether it utilizes insurance or not, can go a long way towards reducing the stresses placed on caregivers.  A summary of the survey can be found at this link: Genworth Beyond Dollars Survey. The full survey is available there too.  Please take a look and call me with any questions you may have. 
     Jones & Company and LPL Financial are not affiliated with Genworth and its affiliates. 
    Please note this article contains hyperlinks to additional content. The information being provided is strictly as a courtesy. We make no representation as to the completeness or accuracy of information at these web sites.

About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve,* supporting nearly 20,000 financial advisors, and approximately 800 institution based investment programs and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients

*Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine 1996-2021); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 400 Company as of June 2021. LPL and its affiliated companies provide financial services only from the United States.

Jones & Company and LPL Financial are separate companies.

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