Long-term care planning

Addressing long-term care today to help secure your financial future tomorrow

According to our latest findings in UBS Investor Watch, investors cited long-term care as their top personal concern. With longevity increasing and healthcare costs rising, it is understandable that even high net worth investors are focused on the potential impact of long-term care on their finances. While retirement planning is still important, long-term care should be a top goal and key part of a comprehensive financial strategy. If you would like to make long-term care a part of your wealth management plan, we invite you to connect with a UBS Financial Advisor today.

Potential long-term care issues to focus on include being able to afford healthcare or getting the support you need, a major family health problem occurring or obtaining proper care for yourself or a loved one. Though the potential challenges of old age can be a concern, sound strategies can help prepare you for future care while keeping your financial goals on track.

Long-term care insurance

Long-term care insurance coverage includes home care, assisted living, hospice care, nursing home and Alzheimer's facilities—services generally not covered by health insurance, Medicare or Medicaid. It can also help cover your out-of-pocket expenses.

If you are unable to perform at least two of six defined activities of daily living or require substantial supervision, advance the death benefit of a universal life insurance plan in monthly indemnity payments to help pay for long-term care services. In addition, many policies feature a refund of your premium if the policy isn’t used. See additional considerations about life insurance.


Certain annuities provide features that provide long term care benefits with limited underwriting.

Other annuities feature living benefit riders that may provide an increase to the amount of income originally quoted, in the event you are confined to a nursing home or you are unable to perform 2 of the 6 activities of daily living. If you receive this increased income, your beneficiaries may receive a reduced death benefit when you pass away. Although the income from the living benefits can be beneficial, it is not long term care insurance. Speak to your UBS Financial Advisor to learn more. 

Other options

If long-term care insurance isn’t right for you, personal savings, a pension or income from investments may be sound options. Setting aside assets directly for long-term care can help ensure you prepare for any challenges you could face in old age.

A UBS Financial Advisor has the expertise and resources to deliver the right planning, advice and insight for your financial needs and goals—so you have the confidence to move forward in any environment.

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