7 Ways to Pay for the High Cost of Assisted Living Facility

There’s a 70% chance that Americans will move to a long-term care facility such as an assisted living facility or nursing home when they turn 65. Despite this report by the U.S Department of Health, most individuals still put off preparing for the high cost of assisted living. According to ALTCP long-term care cost, the… read more

Americans have individual life insurance with a total face value of $12 trillion according to the recent survey of American Life Insurers. However, there are instances wherein policyholders no longer need either life insurance or annuity. Given the scenario today that more Americans are living longer and will more likely require long-term care, some policyholders… read more

Protecting assets from nursing home costs should be one of the pillars of retirement planning. Sad to say, many Americans have a blind spot for long term care costs. They underestimate the costs thinking that their savings will be enough to cover it.   Will it be enough?   Unfortunately, no.   Based on the… read more