Long-Term Insurance Gains Greater Importance in Estate-Planning Under Deficit Reduction Act of 2005

In some cities some lawyers are taking legal action against financial advisors who are unable to prove that they proposed long-term care insurance to their clients.

According to one source, lawyers lure potential plaintiffs with billboards and TV ads asking people if they have LTCi. If they don’t own an LTCi policy they are encouraged to call the advertising lawyers’ office. When people do call, the lawyers ask if they have advisors. If they have financial advisors the lawyers would say they might have a potential grounds for a lawsuit against them for not having offered elder care planning.

Long-Term Insurance Gains Greater Importance in Estate-Planning Under Deficit Reduction Act of 2005
Source: Insurance News Net
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