Long-term care is fast being recognized as an essential part of retirement planning. The average cost of a private nursing home room is already over $76,000 a year. Sixty percent of retirees will need some form of long-term care. This looming expense is especially a problem for executives, few of whom will ever qualify for government assistance. The best time to make plans is during your working prime and the most cost effective way by far to get long-term care protection is through a company-paid executive and/or board carve out plan. Find out how these plans work and why long-term care is fast becoming an essential part of an executive compensation program.
Clark Consulting specializes in the design and implementation of executive and board member long-term care programs.
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