Longevity Insurance Planning: Are You Truly Prepared for a Longer, Better Life?

We’re living longer than ever - a remarkable gift of modern medicine, lifestyle, education, and technology. But are you financially, physically, and emotionally prepared to make those extra years your best years?

According to a new groundbreaking report from John Hancock and the MIT AgeLab, the Longevity Preparedness Index (LPI) found that many Americans are underprepared for the realities of longer life expectancy. This research offers a valuable roadmap that TRC Financial uses to help clients prepare for longer, healthier, and more fulfilling lives through strategic longevity insurance planning.

The Three Pillars of Longevity Readiness

True retirement readiness is more than just saving money - it’s about aligning your care, health, and finances to support a sustainable, fulfilling future.

1) Care: The Hidden Blind Spot

The LPI reveals that care is where most Americans fall short. Nearly 70% of adults will need some form of long-term care during their lifetime. A comprehensive longevity plan must go beyond hope and address key questions:

• Who will provide care if needed?

• How much will care cost in your area?

• What directives are in place, such as a Power of Attorney or Living Will?

Proactive care planning helps protect your family’s emotional and financial well-being.

2) Health: Investing in Your Quality of Life

Living longer only matters if you maintain a high quality of life. Prioritizing your physical health, mental well-being, and cognitive vitality today can dramatically improve your future years. Key habits include:

• Regular exercise and activity

• Healthy nutrition and consistent sleep

• Stress management practices

• Ongoing cognitive stimulation to keep your mind sharp

This holistic view of health planning is essential to thrive, not just survive, in retirement.

3) Finance: The Engine of Stability

Financial security powers everything. Longevity financial planning means more than accumulation - it’s about control, confidence, and flexibility. The most prepared individuals share these traits:

• Understanding core financial concepts, including the cost of long-term care

• A habit of future-focused planning

• Confidence in financial decision-making

• A relationship with a trusted financial advisor to guide and adjust your strategy over time

The Rising Cost of Long-Term Care: A Southern California Snapshot

For those living in Los Angeles, Orange County, or Riverside, the cost of long-term care is expected to nearly triple by 2054, even with a modest 4% annual cost increase. Here’s a projection that underscores the importance of long-term care insurance and longevity planning:

Our Strategic Approach to Longevity Insurance Planning

At TRC Financial, we help entrepreneurs, executives, professionals, and families protect their wealth and well-being through integrated life insurance and longevity planning solutions. Our proprietary life insurance strategy addresses the long-term care challenge while enhancing financial flexibility and legacy goals.

This new approach offers protection for one or two insureds (such as spouses) within a single policy - combining the benefits of long-term care coverage and wealth transfer planning into one efficient solution.

Key Advantages:

• Tax-Free Death Benefit: Provides a lasting financial legacy for loved ones

• Monthly Tax-Free LTC Benefits: Helps offset the soaring costs of long-term care

• No “Use It or Lose It” Risk: Any unused long-term care benefits remain as a tax-free death benefit to your heirs

This is not a one-dimensional policy, it’s a multi-objective longevity solution that ensures you and your family are financially secure, no matter what the future holds. The future is longer, and the costs are higher. The right longevity plan can protect your health, preserve your wealth, and provide peace of mind.

Ready to prepare for your longer, healthier, and better life? Contact TRC Financial today to design a custom longevity and long-term care plan built for your future.

This material and the opinions voiced are for general information only and are not intended to provide specific advice or recommendations for any individual or entity. The tax and legal references attached herein are designed to provide accurate and authoritative information with regard to the subject matter covered and are provided with the understanding that neither TRC Financial, nor M Financial are engaged in rendering tax, legal, or actuarial services. If tax, legal, or actuarial advice is required, you should consult your accountant, attorney, or actuary. Neither TRC Financial, nor M Financial should replace those advisors.