Retirement plan participants who don’t own a long-term care insurance policy and instead choose to self-insure for any LTCI needs in the future run the risk of seeing their life savings decimated by major medical expenses, cautions Jonas Roeser, senior vice president of marketing and operations for LTC Financial Partners LLC.
“If you’re not thinking about your own health as you age, think about the health of your 401(k) or IRA,” he posed in a recent news release. “If your retirement vehicle becomes disabled or loses life blood, how can it support you when you need it?”
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