• Will my children be able

    to afford the care I need?

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Why You Should Consider Adult Foster Homes Instead of Assisted Living

When many people hear the term “foster care,” they typically think of the child foster care system. An adult foster care home is a place where older adults who can no longer live independently live with a homeowner who provides the care services they need. Each adult foster care home is licensed by the state.

Care in a private home offers a positive setting for the elderly, aging, and those with disabilities. Adult foster homes offer different levels of care based on an individual’s care needs.

Learn more about the benefits of adult foster care and why this setting may be a great choice for your elderly loved ones. Continue reading

What Should Millennials Consider About Long-Term Care?

While many debate the exact millennial generation time period, demographers and researchers typically consider millennials to be born in the early 1980s through the mid-1990s or early 2000s. Millennials were the first generation to grow up with computers and technology and became the creators of well-known technology companies such as Facebook, Google, and Instagram.

So, what do millennials think about long-term care, and when do they need to consider it for their own future? Continue reading

5 Reasons You Shouldn’t Procrastinate When Buying LTCI

Maybe you’re aware of the financial risk of a long-term care event but haven’t pulled the trigger and applied for coverage yet. Life will always have its challenges or busy seasons to distract us, but it’s never a good idea to wait too long to secure coverage for yourself or a loved one. The following are five reasons you shouldn’t delay in getting the long-term care insurance (LTCI) coverage you need. Continue reading

Why Single Women Need Long-Term Care Insurance

More adults in the U.S. are single than ever before and the numbers continue to rise. Of those who are single, nearly 53% are women. While being single has its positives, it can also come with challenges when it comes to money and finances.

In fact, nearly one-third of women are worried about their finances based on research by Fidelity Investments. Their research revealed single women are the least likely demographic to have a financial plan for paying down debt and setting savings goals.

An important consideration for single women during the retirement planning stages is whether it makes sense to buy Long-Term Care insurance (LTCI). With nearly 70% of people needing some form of long-term care in their lifetime, it’s important to start planning early, including how you’ll pay for care. Continue reading

June Is Alzheimer’s & Brain Awareness Month!

Each year in June, the Alzheimer’s Association draws awareness to the disease impacting 5.7 million Americans. Alzheimer’s and dementia impact not only the patient but entire families and friend groups. The Alzheimer’s Association makes it their goal to bring Alzheimer’s to the forefront of people’s minds and raise funds and support to find a cure for debilitating brain diseases.

Learn more about common brain diseases including advances in treatment and ways you can take part in helping bring an end to Alzheimer’s disease. Continue reading

Should Siblings Pool Resources and Buy Long-Term Care Insurance for a Parent?

A long-term health event can happen to anyone, and the chances of an event occurring only increase as we age. In fact, it’s estimated 70% of people over age 65 will need some form of long-term care in their lifetime. The problem is, home care or care in a facility is expensive and can deplete a family’s savings quickly.

That’s where long-term care insurance comes in. Individuals and families can transfer their risk to an insurance company to pay for or help cover the cost of long-term care services.

However, not everyone in their retirement planning ages can afford the insurance coverage they need. In some cases, children may step in to pay for long-term care coverage for mom or dad or both. Continue reading