My Comments: This was written almost five years ago. During these years, every reader today is almost five years older and while the world has changed dramatically, the demographics are still with us. Among the existential risks we all face is what is known as a Long-Term Care, or LTC event. Before we all die, …
Continue reading What’s Killing The Long-Term Care Insurance Industry?
My Comments: When you reach retirement age, the elephant in the room becomes Long Term Care. This is when someone in the household becomes unable to perform two of what are called Actitivies of Daily Living, or ADLs. A healthy spouse will simply take on more and more to help the affected person manage and …
Continue reading Options for Funding Long-Term Care Expenses
My Comments: As always, this is a difficult conversation for many of us. But that won’t make the issue go away. That only happens when you ultimately leave the building. I encourage everyone to take a few minutes to watch two short videos. The first one is accessed by clicking on the image above. It …
My Comments: As usual, talking about long-term care with clients, friends and family members is often a difficult conversation. As a financial planner for whom the need for personal long-term care is an increasing possibility, I’m sensitive to articles I run across that offer choices. Here is one of them. I know this looks and …
My Comments: This was written nearly 5 years ago but the message since then has only gotten louder. As more of us get older, and we stay alive, where the money comes from to keep us alive is increasingly in question. We joke about it often, but unless we are willing to let people starve …
My Comments: This article appeared recently in a weekly summary of articles designed for advisors whose clients are typically small businesses. At this point you need to ask for a definition of “small business”. It depends. About 30 years ago I qualified to attend an insurance conference. I was roomed with a fellow advisor from …
Continue reading Retiree Health Costs And Employee Ignorance
My Comments: Selling long-term care insurance has been a tough sell for me. It’s less appealing than life insurance and statistically, it’s less likely to happen than death. It’s an emotionally charged issue that’s hard to deal with rationally. The major player in the long-term care insurance policy world is Genworth Financial. They’re on the …
My Comments: Life insurance is a financial tool used to solve certain financial problems and offset the risk presented when someone dies and economic pain is the result. That’s a cold way to talk about the death of a loved one, but from an objective point of view, that’s how it must be seen. Because …
Continue reading The Myths of Buying Term and Investing the Difference
My Comments: This comes from a colleague in San Diego. He owns an agency whose focus is seniors and the insurance they need to achieve financial freedom. From time to time he sends out his ‘Thoughts For The Week” which are worth repeating. This is one of them. By Gene Pastula of Westland Financial - …
My Comments: The baby boom generation is going to be hit hard by this phenomena, and most of us know it. We just aren’t sure how to deal with it. This is not a solution but a needed reminder that pretending it will go away is not likely. While I disagree with their conclusion about …
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