Everyone knows that we recuperate better in our own homes. There are familiar sounds, smells and the people who come to visit or stay help us to heal when we aren’t feeling the stress of a cramped nursing or rehabilitation facility. That said, the cost of hiring a private duty caregiver can be prohibitive and…
In the last few weeks I heard of two very young men who left behind their families very suddenly; one of whom I knew personally. One day they were watching their children compete in sporting events and the next they were gone. The circumstances in both instances were similar enough, I thought they were the same people,…
Over the last decade the cost of a hospital stay has continued to rise, and there doesn’t seem to be any sign it will be slowing down soon. Depending on the hospital, length-of-stay and the illness you’re being treated for, you could be left with out-of-pocket costs that leave you with little or no savings.…
A friend of mine has a good friend who has skyrocketing healthcare costs because of a catastrophic illness. She’s hosting fundraising events to help her out, but even those will only help so much. In the end, her friend will be left with tens of thousands of dollars in bills to be paid. The sad…
Most people think of long term care as something they’ll need when they’re elderly, but there are other times when a long term care policy can be of benefit to even those of us several years this side of retirement. Long term care policies have benefits that provide for more than just the care you get…
The prospect of having to be dependent on someone else for care someday is something no one wants to think about or talk about, but eventually we are all faced with the possibility of long term care. Statistically, some 60 percent of those over 65 will require some kind of assistance in the future, but…
“Mom, I got a call the other day from our insurance agent,” said my now 20-year old daughter. “She wanted to talk to me about life insurance, but I didn’t know what to tell her.” My bright young off-spring knows her father and I both carry life insurance policies and have paid premiums on…
Several years ago I worked with a business owner for whom I had great respect. One particular day I was in the office, she came in talking about estate planning and reported that she and her husband had finally decided to sit down together and plan for both their home and business in-case one or…
Most people know about life insurance, and we all have to have health insurance, car insurance, home owners or renters insurance and all of that, but what about insuring your income? Many people don’t consider insuring income for those times when they have to take time off work because of an illness or injury and the sick or personal…
“I already have a term life insurance policy through work that will pay triple my salary if anything happens to me. I really don’t need anymore than that, right?” The simple answer is, you only need that term insurance policy if you don’t plan to outlive your employment. That policy only covers you for the…