In previous posts, we’ve covered what long term care insurance does, when it can be a wise choice, where it can help pay for care, and when the best time to apply is. If you’ve done your homework and think a long term care policy is a smart option for you, here are some tips on how to shop for long term care insurance and apply for coverage.
Understanding How Long Term Care Insurance Works
Have you heard about the importance of long term care planning, but you’re not sure how Long Term Care insurance (LTCI) works? Here we’re helping you understand why LTCI is a valuable part of retirement planning.
6 Reasons Your Employer Should Offer Long Term Care Insurance
You typically have two ways you can buy Long Term Care insurance (LTCI): through an insurance agent as an individual or through your employer’s plan if they have one. Buying LTCI through your employer has significant advantages. Consider the following six reasons your employer should offer Long Term Care insurance at work.
How Technology Can Help with Aging in Place
Nearly 90% of seniors prefer to stay in their homes as they age, according to the AARP. As seniors begin needing day-to-day assistance, high-tech monitoring systems and other gadgets can help seniors age in place independently. These technologies also offer family members peace of mind knowing they can easily check on the status of their loved one. The following are a few aging in place technologies to help seniors stay at home longer.
How to Create a Retirement Budget
When planning for retirement, it’s important to calculate how much money you’ll need for the rest of your life. A retirement budget can lead to less stress and more fun by avoiding common mistakes such as spending your money too soon.
Settling on a retirement budget will put yourself in a place to make smart choices about the retirement lifestyle you want. You may discover trade-offs to enable yourself to retire earlier, travel more, or pursue hobbies.
6 Steps to Make Sure You Are Ready for Retirement
Too often, people don’t plan enough for retirement. Have you thought about where you want to live? What type of lifestyle do you want? Are you prepared for dealing with the effects of old age?
To get you started, we’re sharing six steps to make sure you’re ready for retirement.
When You Shouldn’t Buy Long Term Care Insurance
At LTC Consumer, we believe Long Term Care insurance (LTCI) is an important part of long term care planning, but we understand LTCI isn’t for everybody. In fact, we’re not afraid to tell clients when LTCI may not be the best option for them.
If you’re trying to decide if LTCI is right for you, the following are a few great reasons to consider when exploring your options.
How to Manage a Long Term Care Event
Long term care events can be sudden with little or no warning. In cases of dementia or Alzheimer’s, families may experience warning signs, but these events can still be challenging to manage.
If you or someone you know is faced with helping a loved one through a long term care event, keep these tips in mind.
How to Choose the Right Caregiver
Choosing the right in-home caregiver for a parent, spouse, or loved one is an important task. Naturally, you want your friend or loved one to be well taken care of and have their daily needs met. As you begin your search, use this as a resource to hire a great in-home caregiver.
10 Tips for Respecting People with Dementia
When a loved one is diagnosed with dementia, there’s often sadness and confusion around why they aren’t themselves anymore. Many people with dementia become more agitated, short-tempered, and confused by the world around them.
While these behaviors can be difficult to manage, keep in mind the challenges of a debilitating disease your loved one is facing. Learn more about dementia and tips for respecting your loved ones.
