150 million Americans live with chronic illness. And yet, disability and long-term care (LTC) insurance are often overlooked in planning with clients. In this episode of the PFP Section podcast, experts Lee Slavutin, MD, CLU and Marty Shenkman, CPA/PFS, JD, LLM share the most important considerations for client planning, including:

What three riders are important to have on a disability insurance policy
Why the exercise of determining the impact of disability on a family’s finances is critical
Why you need to reassess disability, life insurance, and LTC insurance as part of estate strategies being done ahead of the TCJA sunset
Who benefits most from LTC and what are the types to consider
The importance of considering the human side (aka emotional side) of planning with these decisions

For more resources related to this episode:

Check out the AICPA’s Risk Management and Insurance Planning Certificate Program, that is also a step on the path towards becoming a CPA/PFS.

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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Crucial issues related to disability and long-term care insurance {PFP Section}

AICPA Personal Financial Planning (PFP)

Crucial issues related to disability and long-term care insurance {PFP Section}