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Robots are coming to healthcare. LTC planning must evolve
['Oleg Tishkevich Is A Prominent Entrepreneur', 'Technology Innovator In The Wealth Management Industry. He Is The Founder', 'Ceo Of Invent', 'Chief Correspondent']
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But there's a catalyst poised to upend LTC costs — and therefore planning: humanoid robotics.
How robots will disrupt health planningBefore an advisor can model what care might cost a client in 2040, they need a complete picture of that client today.
Long-term care costs are notoriously expensive.
Ongoing human care: $20,000 to $50,000 a year.
If a client ultimately needs far less paid human care than projected, a hybrid life/LTC policy's death benefit can preserve value.