While just 36 percent of those surveyed believed that they would need such insurnance, it's estimated that at least 60 percent of people over age 65 will require some long-term care services at some point in their lives.

One area of concern that is all-too-often overlooked in the need for long-term care insurance (LTCI).Īccording to a survey by Sun Life Financial ( SLF), there's a major disconnect between people's need for LTCI and the preparation for that need. This is why it's critical to integrate an investment plan into an overall estate, tax, and risk management (insurance) plan. Or it could fail because of an auto accident that results in a large judgment, and there's insufficient liability insurance in the form of an umbrella policy.

It could fail because the family breadwinner dies prematurely and doesn't have enough life insurance to cover her loved ones. (MoneyWatch) Even a well-developed investment plan can fail for reasons that have nothing to do with investments.