What does insurance for long-term care cover? In some cases, this is a very clear answer. Let's not put the responsibility of taking care of others on our kids, who have their own lives to live. The other answer that makes sense is to protect...
I always ask my clients, "Will your financial planner be willing to pay for your long-term care, and will they have access to good home health care providers?" Many lawyers and advisors are now afraid to tell people not to get long-term care...
Getting insurance is a no-brainer for a lot of people. What I mean is that most people only think about a few types of insurance when they think about what they really need. 98 percent of people who buy insurance buy the policy that their agent...
There could be a lot of people in this situation...
They were smart enough to buy a policy for long-term care 5–10 years ago. First, I want to say, "Good for them." When you look at the cost of long-term care insurance at different...
A Simplified Employee Pension (SEP) plan is set up when an employer signs a SEP agreement and has a certain number of employees who are eligible to have a SEP-IRA account. For an employee to be eligible for the employer's SEP-IRA plan, they must...
Baby boomer couples can save money on health care by pooling their money to lower the cost of long-term care premiums. Instead of getting long-term care insurance for just one person, advisers and analysts say you can sometimes save money on...
Seniors and their families in the United States worry a lot about long-term care. Studies have shown that Americans put long-term care second on their list of financial needs, after saving for retirement. Many Americans don't want to think about...
Yes, you might want to think about getting long-term care insurance if you don't want to use up your retirement savings and other investments. At the moment, it is thought that the cost of a nursing home is more than $10,000 per month. Imagine...
Even though life is full of choices, most adults know that the only way to control what they can do in the future is to plan ahead. Financial planners recommend spreading out your investments to make sure you make money. Planners for real estate...
A survey done for the John Hancock Life Insurance Co.* found that most Americans worry they will need long-term care at some point after they retire, but only a small number of them are doing anything about it. It says that 85 percent of the...