Is Long-Term Care Insurance For Me?
An Aging Demographic
As many baby boomers age to near and past 65, their future care and long term care needs has become an increasingly hot topic. The main topic of this discussion seems to be the cost of this care and how to fund it. Luckily to help cover the possibility of very large future expenses, insurance was created. Long-term care does not fall short of one the costly services that insurance can help mitigate and perhaps that is why long-term care insurance has been introduced.
When compared against other insurances, LTC insurance[…]
Covering the Costs of Care
Covering the costs
Chances are you will likely require some type of long-term care down the road. It is no secret that long-term care can be quite expensive which raises the question on how you will cover those costs. Long-term care insurance may be a feasible option for you when it comes to allocating some of those costs. Whether or not insurance is a good fit for you will depend on your overall individual circumstances and needs. Long-term care refers to services not typically covered through health insurance such as bathing, dressing, and[…]
Current Crisis Has Many Reconsidering the Idea to Self-Insure
Greater Perceived Risks
Long- term care insurance serves as the guaranteed planning tool for mitigating the uncertain and risky price tags associated with long-term care costs. Your odds of living well into your 80’s and 90’s are quite high and with this, your chances of needing long-term care are also quite high. Both your odds and the ever increasing costs of care would suggest it may be wise to put a long-term care insurance policy in place, however even so, many individuals will choose to forgo insurance and opt to self insure. If[…]
Why You Need Long Term Care Insurance
Plan to Protect
Although not many individuals are eager to consider their possible inability to one day care for themselves, planning for such will be a must for those who wish to protect their nest egg. Take for example a couple with an accumulated nest egg of $350,000. Consider what would happen to that nest egg amount over time should either partner become ill or start to require some sort of daily assistance. Propose that either individual could develop Alzheimers disease, at first the disease could potentially progress[…]
Healthy Lunch Ideas
In an effort to help our clients stay healthy and avoid from using their long term care insurance policy as long as possible, we are committed to featuring health tips and tricks found on the health tab of our website. Here you can find news, videos, and “Feature Friday’s Healthy Recipes”, available to you every Friday.
This Friday’s Featured recipe includes four healthy lunch recipes for you to try. We’re happy to help you practice mindful spending while still enjoying healthy & delicious meals (Please note none of these recipes belong to LTC TREE).
Sweet[…]
Why Is Covid-19 Most Lethal Amongst the Elderly?
Elderly most at risk
Statistics prove the elderly population to be more susceptible to serious illnesses and death as a result of Covid-19 . By now we have all been cautioned that the elderly population is most at risk when dealing with the Coronavirus pandemic. As a result, strict guidelines have been put in place to help protect this vulnerable population. As of now we know elderly individuals are highly at risk and should practice the most social distancing. We also know as according to Neil Ferguson of Imperial College London, that Covid-19 results in[…]