Same-sex female couples are two to three times more likely to reach100 than one or both members of a 45-year-old same-sex male couple.(Photo: Shutterstock)

(Bloomberg) –Every family worries about money in its own way,but LGBT families still have special reasons to beconcerned.

Two women married to each other, for example, must plan for moreexpensive retirements than other couples, UBS Group AG said Mondayin a report.

Because women live longer than men, the bank calculates that inthe U.S. one or both members of a female same-sex couple at age 45are 50 percent more likely to live to 100 than heterosexualcouples. Same-sex female couples are two to three times more likelyto reach 100 than one or both members of a 45-year-old same-sexmale couple.

“One major consideration of day-to-day financial planningconcerns emergency funds,” Zurich-based UBS said in the report.That's because there are no anti-discrimination laws for LGBT workers in 30U.S. states and in much of the rest of the world, includingSingapore and Hong Kong. LGBT employees “may face higher job riskthan heterosexual employees,” UBS said.

Only a little more than half of LGBT workers in the U.S. saidthey were comfortable being out at work, according to a survey byHuman Rights Campaign released in June. The number has barelybudged in a decade.

Other financial risks for LGBT couples can vary based on wherethey live. In Singapore or Hong Kong, for example, widows orwidowers generally aren't eligible to inherit their same-sexpartners' pension or welfare benefits. That's less of a concern inplaces that legally recognize same-sex marriage like the U.S. andU.K. In Switzerland, meanwhile, same-sex couples can't legallymarry but are eligible to inherit pensions.

For LGBT couples and their financial advisers, a lot hinges ongetting the details right. Depending on where they live, LGBT“investors may have to pay particular attention to having wills,advance-care directives or trusts in place to ensure that theirend-of-life and legal wishes are met,” UBS said.

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