Today many clients, having dealt with end of life situations with family members, may be aware that they are predisposed to certain hereditary conditions. One example is Alzeihmers type dementia. Clients facing the future risk of suffering such an illness often carefully plan in their living will how to handle these risks, as far as they can, with a living will. Such clients are well advised to discuss their intentions fully with their family and include suggestive guidelines in their trust discussing their wishes. However, often a person suffering with a dementia related illness will not rapidly decline but instead will be incapacited for some period of time. Considerate and careful end of life planning with a living will and a trust may not be able to bridge the gap during any period of prolonged incapacity. In such cases, clients at risk are well advised to consider long term care insurance to protect their desires and wishes. Today, many insurers are offering wonderfully adaptive products that can both hedge against such risk and provide effective long term care protection and at the same time provide an investment product for those clients who may not end up using such insurance.
