When Life Throws a Curveball: Planning Essentials for Clients Impacted by Disability

It is well-established that the financial impact of disability on the U.S. population continues to grow, along with the increasing prevalence of disability in the population, particularly since those with disabilities are living longer. 9 million families in America are caring for a child with disability, and in 2030 there will be 1.2 million adults aged 60 and older in the U.S. with developmental disabilities. In 2020, the estimated U.S. spending for long-term care totaled $361.6 billion, and 40% of adults face disability for some period of time during their lives. These demographic and public health trends overwhelmingly show that financial professionals will require greater knowledge about the unique challenges faced by their clients dealing with disability or chronic medical conditions and should be conversant on the pre-planning opportunities that exist. This program will provide an overview of the various ways financial wellness can be impacted by disability and potential planning strategies for clients.