Long Term Care
Long-term care planning can help protect retirement assets, preserve options, and reduce stress on loved ones. Explore strategies designed to help you plan with confidence.
Certified Financial Group, LLC
Long-Term Care Planning
Make room in your retirement plan for the care you may need—and the choices you want your family to have.
Plan Before Decisions Become Urgent
A care conversation is a family conversation.
Planning begins with your preferences, your resources, and the people who may be involved. Together, we can explore how potential care needs fit into your broader retirement picture.
Define what matters
Talk about where you would want support, who you would involve, and which choices are important to you.
Understand your starting point
Review existing coverage, retirement income, accessible assets, and other financial commitments.
Clarify expectations
Discuss how loved ones might participate and what responsibilities they could realistically take on.
Put Costs in Context
Start with a benchmark. Then look locally.
The type of support, hours of care, and location all affect what you may pay. National medians provide context, rather than a quote for your situation.
| Type of care | Median cost | Frequency |
|---|---|---|
| Non-medical caregiver | $35 | Per hour |
| Assisted living community | $6,200 | Per month |
| Nursing home — semi-private room | $9,581 | Per month |
| Nursing home — private room | $10,798 | Per month |
Source: CareScout 2025 Cost of Care Survey . Provider costs can differ substantially. Use the source’s location tool to explore costs near Salt Lake City or wherever you expect to receive care.
Compare the Approaches
Build the conversation around your needs.
We can discuss insurance-based options alongside the resources you would otherwise use to pay for care.
Traditional Long-Term Care Insurance
Review a policy focused on eligible care expenses, including covered services, benefit limits, and premium provisions.
Life Insurance or Annuity Designs
Explore contracts with care-related features. Compare how care benefits work and what may remain if those benefits are never used.
Self-Funding or a Combined Approach
Consider how income, savings, and other assets could contribute—and how that would affect your remaining retirement priorities.
Know What You’re Comparing
The details make the difference.
A benefit amount is only part of the picture. These are useful questions to bring to a policy review.
When and where benefits apply
- What conditions qualify someone for benefits?
- Which care settings and providers are covered?
- Is there a waiting or elimination period?
- How are claims documented and payments made?
How the financial terms work
- What are the daily or monthly benefit limits?
- How long can benefits continue?
- What inflation options are available?
- Can premiums change, and what costs remain yours?
Common Questions
Make room for your questions.
The right discussion starts with your circumstances, rather than a single product or assumed outcome.
Is long-term care only nursing home care?
No. Long-term care can involve help with daily activities at home or in other settings, including assisted living. What a policy covers depends on its specific provisions.
When should I begin the conversation?
Begin when you are ready to consider how potential care needs could affect your retirement. If insurance is part of the discussion, review how age, health, affordability, and underwriting may affect your options.
What if I never use the care benefits?
That depends on the contract. Compare what happens when care benefits are unused, including any remaining death benefit, contract value, or other applicable provisions.
Can we consider a specific budget?
Yes. We can begin with the amount you are comfortable committing and discuss available designs and tradeoffs. Any coverage remains subject to availability, eligibility, and the insurer’s requirements.
What should I bring to a meeting?
Bring existing insurance policies, a general picture of retirement income and assets, and any questions about care preferences or family responsibilities. Please discuss sensitive health information directly with us.
A Personal Planning Conversation
Let’s consider your care options together.
Schedule a meeting with David Anderson at Certified Financial Group, LLC to discuss your priorities, available resources, and questions about long-term care.
David@cfgmoney.comBuilt Around What Matters
The people you love.
The life you’re planning.
Your financial goals are connected to something bigger: time with family, meaningful experiences, and the future you want to help create for the next generation.
At Certified Financial Group, LLC, we begin by listening. We take time to understand your priorities, explain your options, and help you make thoughtful decisions with your family in mind.
- Your priorities The starting point for every conversation.
- Clear guidance Options explained in everyday language.
- Personal service A relationship that grows with your needs.
Let’s get to know what matters to you.
Bring your questions and share your goals. We’ll explore your next steps together.