Prepare for the Unexpected in Retirement
When it comes to planning for retirement, there are all kinds of planners. There are those who have planned their retirement down to a t, there are those who haven’t planned anything, but keep reassuring themselves that it will get done this year, and there are those who have a pretty good general idea of how their retirement will go. In truth, though, there are certain things that are impossible to plan for no matter how meticulous you are, and a sudden health care emergency in retirement is one of them.
Finding Peace of Mind
Sudden health care in retirement is not[…]
Cost of Long Term Care Continues to Rise in US
It’s that time of the year again: Genworth Financial has released their 2014 Cost of Care Survey. Every year, the Long Term Care Insurance provider publishes their annual report that details the cost of long term care across the United States to help consumers learn more about the different care settings and options available.
Who Needs Long Term Care?
Long term care refers to care received when someone is in need of care for an extended period of time. The most common long term care settings are nursing homes, assisted living facilities, and at home. Long term care often consists of[…]
Investor Optimism Rises, Outlook of Retirees Improves
Investor optimism is rising and it’s mainly owed to the improved outlook of retirees, according to a new survey.
Survey Details
The Wells Fargo/Gallup Investor and Retirement Optimism Index found that investor optimism rose 12 points in the first quarter of 2014, up to +37 in February from +25 in November 2013. The big jump is thanks to growing positivity among retirees who are feeling more confident about the future of their retirement income.
The index survey included interviews of 1,011 investors between the dates of February 6 and February 16 this year. For this survey, people considered investors are adults in households[…]
Why Switching Policies After a Long Term Care Insurance Rate Increase Isn’t a Smart Choice
If you are among the adult Americans who own a long term care policy, then chances are you have received notice of a long term care insurance rate increase sometime in the past few years. Like many others, you might be wondering if it’s even worth it to keep your same policy or if you should switch to a new carrier. A recent experience with a client provided a great example of just why you should stop and do your research before dropping your long term care insurance policy.
Comparing the Costs
Stephen and his wife live in New Jersey and after[…]
Retirement Resolutions for 2014
Surveys continue to show that Americans simply aren’t prepared for retirement. We don’t have enough saved and most of us aren’t even sure just how much we should be saving. This presents a real problem, especially as the huge population of Baby Boomers is on the verge of retirement.
As you ring in the New Year, consider whether or not it’s time to include retirement planning on your list of resolutions. If you’re older than 50, the answer is a resounding yes. In truth, though, it’s never too early to start planning for retirement. So, whether you are 25 or 50,[…]
Is Self-Insuring for Long Term Care the Way to Go?
People tend to avoid discussing subjects like disability, old age, and long term care as much as possible. Sometimes, even to a point of detriment. Brushing off the need for long term care coverage for the alternative plan of self-insuring is one situation that is often the result of failing to confront the true risk.
Discuss Your Options
Aging brings about a higher chance of needing long term care, which is care for 
someone who is unable to perform daily tasks on their own. Sometimes this is due to dementia or[…]
Reviews of each company’s financial stability ratings, claims experience, and size.
A side-by-side comparison of each company’s policy features. We cover the similarities and the differences.
Price comparisons customized to suit your specific needs from top carriers such as Nationwide, Thrivent, New York Life, National Guardian Life, Mutual of Omaha, and more.