We’ve covered hybrid long term care insurance policies on the site before, but we wanted to dive in a bit deeper on the concept of paying a one time, lump sum premium. The obvious advantage is that for some people, a single premium is a convenient way to “take care of” the Long Term Care financing conundrum once and for all.
Long term care insurance, as a product, is not for everyone. On one hand you have people who are below the level where paying a high annual premium makes sense. These people may be forced one day to cancel a policy they’ve paid on for years, perhaps decades, losing everything they’ve paid in.
The link between Type II diabetes and Alzheimers’ is a hot topic of discussion right now. Going back as far as 2012, the NY Times ran an Op-Ed on the concept. We explore the link in this video filmed in October 2015.
When people begin looking at Long Term Care Insurance policies, there is often a tendency to put off the actual purchase until later down the road. While rushing the decision isn’t a wise move, waiting too long to buy can cost you, too, sometimes much more.
We spoke with a client last month who was beginning to look into buying Long Term Care Insurance. Carol lives in St.
With more and more Boomers entering retirement every day, the cost of retirement is a common topic. One cost in particular is gaining more momentum in discussion because of just how expensive it is and how few people are prepared for the high price: long term care.
Every one plans for retirement. Whether it’s saving money to retire, planning to retire part-time and use your newfound time to engage in some old hobbies, or simply dreaming about your life of leisure to come once you leave the workforce, it’s safe to say all workers plan for retirement in one way or another. Unfortunately, most workers overlook some vital aspects of planning.
A recent MarketWatch article touches on the issue of caregiving and how it is fast becoming something familiar to more and more Americans as the Baby Boomers enter retirement.
Many people often find themselves in a situation where caregiving for a loved one is necessary, so they step up and take on the role.
It’s not just the middle class who is struggling with long term care costs, according to a recent survey.
The 2014 US Trust Insights on Wealth and Worth takes a look at the dynamics of wealthy families and how their wealth impacts their financial planning.
In the next month, some big changes are happening within the Long Term Care Insurance market. If you happen to be shopping for policies at the moment, it’s important that you are aware of the upcoming changes and how they will affect your buying ability.
The Affordable Care Act, often known as Obamacare, is in the midst of implementation. Many Americans believe it will have a serious impact on their ability to retire and will cause them to push back their retirement date, according to a recent survey.
Retirement Fears Surfacing
Though the new legislation is titled the Affordable Care Act, some feel it was not aptly named.