VIDEO: What Is a LifeCare Contract and Is It Worth the Cost? (Long-Term Care Planning Explained)

What is a LifeCare Contract, and how does it compare to long-term care insurance?

In this video, we break down everything you need to know about LifeCare Contracts (also known as Continuing Care Retirement Community agreements), including:

  • What a LifeCare Contract is 
  • Who should consider one 
  • When to put a plan in place 
  • Where to find LifeCare communities
  • Typical costs (entrance fees and monthly fees)
  • A real-world high-net-worth client scenario
  • LifeCare vs. long-term care insurance comparison

If you’re planning for retirement or helping your parents prepare for future care, this video will help you understand how to create a strategy that protects your assets, reduces uncertainty, and provides peace of mind.

This is especially important for individuals and couples who want a proactive approach to long-term care planning—before a health event forces difficult financial and family decisions.

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This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.

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