Continuing Care Community "CCRC"
As a financial advisor, one of your goals is to assist clients in understanding the many different retirement living options, so they can maintain their lifestyle, and preserve their assets. One strategy that provides financial security and guaranteed health care benefits for life is the Continuing Care Retirement Community (CCRC). With the growing uncertainty in the health care market, and shifting tides in the long term care insurance industry, this is an increasingly valuable option. Included in the discussion will be:
- how the CCRC model works
- the different contract types
- fees and entrance requirements
- how communities receive accreditation
- key measures of financial performance