Survey Shows Growth in Long Term Care Provider Costs
Genworth Financial has completed its 2012 survey on long term care service providers across the country. Let’s see the trends for Home Care Providers and Nursing Home Providers.
Genworth Financial has completed its 2012 survey on long term care service providers across the country. Let’s see the trends for Home Care Providers and Nursing Home Providers.
An elderly person needs long term care when he or she can’t handle normal daily activities such as bathing and eating. Someone must step in and help him or her from then on.
As we age our chance of needing long term care (LTC) increases. You need LTC when you require help doing your activities of daily living (ADLs). Examples of ADLs are dressing, toileting, eating, transferring from bed to chair and continence.
With the national divorce rate more than 40 percent, a large percentage of retirees and pre-retirees will have to contend with dividing their assets between their most recent spouse and children from a previous marriage. This common dilemma can often be rectified via a type of trust called a “QTIP” trust, or Qualified Terminal Interest Property trust. The acronym describes the function of the trust, which is to allow for a “terminal interest”, meaning an interest (for the most recent spouse) tha
When you become unable to make your own health-related decisions, someone else will – and it may not be to your liking. You can take charge of those decisions if you’ve created a medical directive. It’s one of the essential tools of estate planning.
For millions of Americans, the choice between term and permanent insurance can be a confusing one. A number of variables factor in to whether one is more appropriate than the other for most consumers, such as debt level, health and longevity, and the size of one’s estate. There are a number of arguments on both sides stating why one is better than the other, but in virtually all cases, there are a couple of situations where permanent insurance is usually the best choice.
You can use life insurance to pay for final expenses, estate taxes, or leave an estate for the use of your heirs.
Beginning retirement is a big change. Not only is your income changing and your kids finally get on their own, but you begin arranging things for your retirement and perhaps final issues. Our life insurance needs change as our circumstances do. If you’re going to maintain life insurance on yourself but want to alter it, here are some considerations on switching policies for a better deal.
You’re in good health and see your doctor regularly. So what can you do if your life insurance application is turned down based on the results of the medical exam? Realize first that life insurance companies are in the risk-assessment business – not the diagnosis business.
Generally, you designate a beneficiary for your life insurance when you purchase the policy. If you were undecided at that time, then you – or rather your estate – will be the beneficiary. Be sure to update your policy and decide on the best beneficiary or you’ll undermine a lot of the benefits that life insurance payout can give your eventual beneficiary.