Business Wire·Nov 9, 2026, 9:00 AM ET

Lincoln Financial Research Finds 80% of Families Haven’t Had In-Depth Conversations About Age-Related Healthcare Costs

80% of American families have not had in-depth discussions about age-related healthcare costs despite growing long-term care needs.
National monthly average long-term care costs are $7,440 for home care, $5,463 for assisted living, and $9,480 for a skilled nursing home private room.
The U.S. population age 80+ is projected to nearly double by 2045, increasing demand for care.
Fewer married households and fewer households with children are expected to reduce available family caregiving networks.
Lincoln Financial's April 2026 survey of 1,026 U.S. adults found limited conversations regarding retirement income, life insurance, and legacy planning.
Families are encouraged to discuss care preferences, caregiving responsibilities, financial resources, and expectations before a health crisis occurs.
Long-term care qualification typically requires assistance with two of six Activities of Daily Living for at least 90 days or substantial supervision due to cognitive impairment.
Lincoln Financial serves approximately 17 million customers with $359 billion in end-of-period account balances as of September 30, 2026.