Advisors seek financial Rx for health-impaired clients

Accounting Today,  November, 2003  by Cynthia Harrington

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What happens when a client walks in and announces a sudden change in health?

Financial advisors find themselves answering this question more frequently as the Baby Boom generation ages. According to a study by the Institute for Health and Aging, half of the U.S. population lives with a chronic condition, another 41 million are limited in their daily activities, and 12 million are unable to go to school, work or live independently.

The response to a client's announcement depends on a number of factors. If the illness is terminal, it's different than if the result is a long-term disability. ...