Retirement

The move is "unprecedented — and unwise," says one Social Security advocate.

“Plan sponsors are taking action, leveraging flexible deal structures and favorable market conditions to deliver long-term security for their participants," said Elizabeth Walsh, vice president and head of U.S. Pensions at MetLife.

Only 42% of baby boomers and 35% of Gen Xers say they have planned financially for the possibility of long-term care.

The importance of measuring risk in third-party relationships is becoming increasingly crucial to maintaining a well-operating information security risk management program.

Nearly one-third are not confident they will be able to cover day-to-day expenses for the remainder of their lives.

The move will be "devastating" for the recipients who have permission to receive them, says Nancy Altman.