Long-term care (LTC) can vary from home care and adult day care to residential care in assisted living or nursing home facilities, and as anyone who’s dealing with ailing family members learns, the costs can add up very quickly. Yet the majority of Americans will live in a nursing home or other facility at some […]
Comments Off on Long-Term Care Insurance: Keeping it Affordable Continue Reading...We recently wrote an article about women being the primary caregivers. It’s women, after all, who typically bear the primary responsibility of caring for aging and ailing family members. It’s women who have historically sacrificed career opportunities and shortchanged their own families because of what can become the overwhelming burden of caregiving. Caregiving affects the […]
Comments Off on Long-Term Care: It’s Not Just a Women’s Issue Anymore Continue Reading...The best time to be planning for retirement is when you’re still working and accumulating wealth. In addition to growth investments, cash reserves set aside for emergencies and life insurance, your potential need for long-term care (LTC) should be included in your retirement planning. LTC not reserved for the elderly When it comes to LTC, […]
Comments Off on Smart Retirement Planning: Start Early and Consider a Hybrid Policy for Long-Term Care Continue Reading...A recent series of NPR interviews discussing long-term care for aging baby boomers made it painfully clear how ill-prepared this generation is for old age. For many boomers, a long, slow decline would quickly deplete their resources. For better or worse, modern medicine has increased our longevity. It’s great if you remain healthy and have […]
Comments Off on Long-Term Care Insurance: Myths and Misperceptions Continue Reading...One of the most common ways that life insurance is being used for businesses these days is to fund a Buy-Sell Agreement. When there are multiple owners, a Buy-Sell Agreement is usually in place to provide for the transition of each person’s interest in the event of death of one of the owners. This is […]
Comments Off on Life Insurance Funds a Buy-Sell Agreement Continue Reading...Do you need life insurance? The answer is simple. If someone will suffer financially when you die, you need life insurance. The more important question: how much? You may already have life insurance through your employer, but there’s a good chance it’s not enough. Just as you have a savings account, a 401k, a college […]
Comments Off on Thinking about Life Insurance? 5 Common Mistakes Continue Reading...Open enrollment for individual plans kicked off Nov. 1, and you need to choose a plan by Dec. 15 if you want coverage to take effect Jan. 1. If you don’t choose a new plan, your existing plan may continue your coverage, but don’t assume that will happen because not all plans continue. Confirm that […]
Comments Off on 10 Things to Do When Choosing a Health Plan for 2016 Continue Reading...There’s a huge disconnect when it comes to understanding disability insurance. As an insurance broker, I find that my clients are often the victims of second-hand information from people who have not stayed on top of a rapidly changing industry and hearsay. Myth No. 1: The odds of experiencing a disability […]
Comments Off on The MythBuster: 4 Myths about Disability Insurance Continue Reading...The cost of prescription drugs is rising at an alarming rate. If you’re not taking any medications, you’re one of the lucky ones. But the increasing cost of prescription drugs has created a tragedy for many Americans. For the elderly on fixed incomes (even those with their Medicare Prescription Drug Plans) or those facing […]
Comments Off on The Rising Cost of Prescriptions Drugs: 6 Ways to Save Continue Reading...Source: The Hill The Obama administration is announcing Thursday a new preventive health campaign, aimed at helping people who are newly insured under ObamaCare as well as others, better understand and use their coverage. The public awareness initiative, called “Healthy Self,” is intended to help people know about and use the preventive services that are […]
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