Why You Should Buy Long Term Care Insurance Before Age 50

Are you still in limbo whether you should buy long term care insurance before age 50? Better make up your mind now and buy coverage to avoid paying for expensive long term care cost out-of-the-pocket. It’s hard to fathom the financial strain of long term care now, but by looking at the latest cost of care… read more

Last Updated On:   One of the most overlooked factors when planning for retirement is helping elderly parents financially. Most often than not, people are too consumed to meet their goals by saving enough for their future to have a comfortable retirement that they forget to check on their aging parents. If your parents’ savings… read more

As a long term care beneficiary, you need to handle your long term care expenses skillfully. The benefits from long term care come at a cost. You have to spend money so you can cope with aging, disability, or chronic illness. By valuing the importance of proper planning you can live with ease and with… read more

  There is still an ongoing debate regarding the answer to this question, “should I buy long term care insurance even if I can afford care?”   Some would claim that they have more than enough to cover their future long term care needs and therefore they don’t need to get coverage for long term… read more

November is Long Term Care Awareness Month, an annual campaign designed to educate Americans about long term care and its long term emotional, physical and financial impact. Long term care is often overlooked when planning for retirement, a clear indication that Americans don’t have the sense of urgency when preparing for their future long term care needs. In… read more

Couples who have been together for decades may feel like they already know retirement and long term care planning essentials. After all, it seems like a straightforward task, right? However, planning for these two aspects are far from being simple. It is an ongoing process that requires teamwork and even a little help from others…. read more

Using this long term care planning checklist can help many older Americans face reality: Knee-deep in long term care expenses that they need to drain their savings and assets just to make up for the costs. Another unfortunate reality is that many of the younger baby boomers following their footsteps still have no retirement savings… read more

Here’s what you are up against: Retirement expenses have sky-rocket to levels that are nearly impossible for many Americans to afford without any help. Comfortable retirement now appears to be a luxury that only the ultra rich can afford with ease. In fact, reports show that you would need $350,000 just to cover health care… read more

Purchasing a long term care insurance policy is a necessity for many baby boomers at this point. However, the one question that remains in their minds: “What do we do about the substantial problems which come with securing this type of coverage?” We all know that the long term care is too expensive to fund… read more

High health literacy can help baby boomers achieve one of their biggest goals: to thrive while growing older. By being equipped with the necessary information, baby boomers can make strategic decisions and remain in full control of their future. This is why they must prioritize improving health literacy just as much as saving money for… read more