Understanding the various types of Life Insurance policies can be a daunting but a little bit of education can go a long way. Life Insurance can be a great way to make sure your expenses and family are covered if you pass away.
Two Different Types of Insurance
Term Life Insurance
It may be hard enough getting older and adjusting to whatever life brings your way, in addition, you may be raising one or even a few of those who are younger than yourself, whether they be children, grandchildren, or even great-grandchildren.
According to the State Bar of California, 7 million [...]
They live in your city, perhaps on your street or even next door.
They serve with courage, perseverance, patience, and love. Some give 24 hours a day, with days blending into weeks, months and years.
They are family caregivers; heroes quietly caring for loved ones at home.
There are over 66 [...]
The specialty of Elder Law is becoming more important as our population ages. People are living longer, but in many cases, are not living better. "The number of older individuals in the population is projected to increase to 71.5 million in 2030, representing nearly 20 percent of the U.S. [...]
Most of those receiving long-term care and most caregivers prefer a home environment. Out of an estimated 8 million older Americans receiving care, about 5.4 million or 67% are in their own home or the home of a family member or friend.
Most older people prefer their home over the unfamiliar [...]
The following article is taken from the new book "How to Apply for Department of Veterans Affairs Benefits for Seniors and Their Survivors." (2013)
According to the Department of Veterans Affairs census estimates, there are approximately 13 million veterans and their single surviving spouses' age 65[...]
Remember when your parents were lecturing you on the rules for taking the car for a spin? Dad would put his face in front of yours and say, “Are you listening?” Of course, you would say “sure” even though your mind was miles away on the adventure to come.
Today, as adults, [...]
We all love our aging parents. In certain situations, a portion of our love must be devoted to assisting parents who have lost their ability to think clearly and make rational decisions. It is common, as time goes along, for the elderly to become unable to make sound decisions about a variety of [...]
Since the downturn of the economy, costs for health care have been on the rise. According to a 2011 market survey of long-term care costs, the national average daily rate for a private room in a nursing home rose 4.4% last year from $229 in 2010 to $239 in 2011. Similarly, the national [...]
1. Getting old is financially scary
No matter how much money one may have, thinking about covering the expenses associated with aging or dealing with the unknown can be extremely scary. What if your elderly parent doesn't have enough insurance or savings to pay for long term care or a terminal [...]