Category Archives: Reasons to Buy Long Term Care Insurance

The Trend of Unmarried Couples & How It Impacts Long-Term Care

Marriage is a big commitment. It’s natural for couples to be nervous before jumping in. Recent trends suggest more people are foregoing marriage to cohabitate instead.

What’s Trending: Cohabitation

One reason for an increased interest in cohabitation instead of marriage isn’t just the fear of matrimony, it’s more out of concern of the possibility of it ending. With the prospect of divorce looming over people’s heads, many are more apt to move in with each other versus committing to forever. 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

LTCI Has Grown Up – How Policies Have Changed Over the Years

Did you know every eight seconds a Baby Boomer turns 65? Out of the nearly 79 million Boomers, 53 million will need some type of long-term care in their lifetime and 26 million will need nursing home care. It’s estimated only 8 million Americans have a long-term care insurance policy.

Long-term care insurance (LTCI) has evolved over the years since it first launched. By the late 1980s and 1990s, long-term care insurance became a hot commodity. But little did the insurance carriers realize just how many people would use their policies. This miscalculation likely lead to policy series rate hikes and new policy benefit changes. These changes made policies more sustainable for insurance companies and more reliable for consumers. Continue reading

Real Stories: Living with Alzheimer’s Disease

If you’ve had a loved one who suffered from Alzheimer’s, you know the devastating impact the disease can have on the individual and the family members. But many who haven’t personally experienced it may not realize the full impact of this disease.

While it’s important to stay positive and take care of your health, it’s equally important to understand the odds of being diagnosed with a cognitive disease. It’s estimated Alzheimer’s or dementia impacts one in three seniors. Continue reading

What’s More Likely: Winning March Madness or Needing Long Term Care?

Did you know the odds of choosing the perfect bracket for the NCAA men’s basketball tournament are incredibly small? The odds are so small that even mathematicians argue on the actual estimation of the odds of winning.

Some believe the odds of winning March Madness are as low as 1 in 9.2 quintillions (or 1 in 9,223,372,036,854,775,808 for you detailed readers). While others think the odds are closer to 1 in 128 billion. Either way, picking all the games correctly is borderline impossible. Continue reading