Long-term care expense planning is complex. A lot of factors need to be considered to put in place the appropriate product, coverage and premium. Like what you ask. For starters, your health history, wealth, asset location and financial goals. When we get to the cost and coverage, we need to understand where you would reside
I’m sure that you’ve heard the phrase, “you are what you eat.” But have you heard the term “COVID body?” Or watched the plethora of weight loss ads on TV? Now new research reports that frequent eating of restaurant fare could shorten one’s life. As reported, it doesn’t matter if restaurant food is eaten in
My dad is 100 years old. He has two long-term care insurance policies. Yes. We’ve dealt with rate increases on both. We’ve reduced coverage from lifetime to four years. And are about to reduce coverage again due to another rate increase and his life expectancy. He’s well beyond his life expectancy and still going strong!
Have we learned a lot in the last year? Obviously not in the classroom. But there are a lot of takeaways from 2020. And resilience is but one. Planning ahead another. For many working from home became a new experience. It turned routines upside down. Required new or upgraded equipment. Increased productivity along with frustration
I JUST HATE … Rate increases! More than you do! Why oh why In our opinion there have been two rounds of rate increases on long-term care insurance policies (LTCI). But given the way state insurance commissioners have approved increases it seems as though they are eternal. Keep in mind that these rate increases primarily
Definition: An arrangement whereby several participants live together in one home. The participants share the costs. Are you single? No kids? No family nearby? Lonely? Retired or soon to be? Worried that you will be an elder orphan? A Golden Girl living arrangement may be to your liking. It was September of 1985 when the
The COVID-19 pandemic has taught us a lot. One lesson is that financial discipline is possible. Life’s experiences can act as a stimulus for revising financial habits and cause us to rethink how we spend money. Understanding and managing risk may be the most important lesson learned from 2020. While risk is a constant in
No worries. This is not a solicitation for a new online dating site. But it is an alert for single women. No matter how the single occurred – never married, divorced, widowed – we are all at great risk for needing assistance for long-term care. Consider: We outlive men. But we provide care for them. About
What word pops into you head or out your mouth when you learn that a family member, business colleague or dear friend has tested positive for COVID-19? I’d tell you what comes to my mind but my 100-year-old father reads my blogs and he would blush and be disappointed in my language choices. I’ll just
Hearts and minds. Facts and feelings. Ever taken the Myers-Briggs Type Indicator? Are you a thinking person or a feeling person according to the Myers-Briggs personality type model? The typical long-term care insurance (LTCI) buyer is female, age 55 to 64. She is married with adult kids, College educated and still working in a white-collar
