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Considering long term care insurance is especially important for those who remarry. Blending families at any age is difficult. It doesn’t get any easier later in life when care needs are looming and questions regarding the couple’s estate bubble to the surface. Family relationships can get ugly, especially for blended families. Hear this: “Blood is [...]

In the recent go-go decades of the 1980 and 1990s, people used to say that money gave them “freedom” and “choices”.  Today people say the best thing about having money is “feeling secure.” The Silent Generation (ages 65-85) is twice as likely as any other segment of the population to say that “not being a [...]

Broke my heart the other day. I talked with a family I was working with to get coverage in place. When I called the home I learned that the wife had just been discharged from the hospital. The diagnosis was heart failure. The prognosis was not good.  Her opportunity to put a long term care [...]

This response to a conversation about long term care planning comes up once in a while. It most often comes from a reasonably healthy man who cannot imagine his health ever changing. Or, perhaps he just can’t  ever see himself unable to do the things he does so easily now, like driving to Home Depot, [...]

An older man found himself caring for his wife of 50+ years who was diagnosed with Alzheimer’s. On the advice of a lawyer he began to spend down the family assets so that his wife would qualify for Medicaid. He paid cash for an expensive car for his wife who, of course, could not drive, [...]

When working with couples from time to time I learn that one will not meet underwriting criteria for getting coverage. The bad news may come during our initial interview and I have to tell them the truth even before we submit an application. The other situation is following underwriting, when one is turned down by [...]

I was reminded the other day why working with an experienced agent is so important for people who are looking into insurance, especially long term care insurance. I remember a couple of years ago when I replaced my hail damaged roof. My agent made sure my coverage was for replacement value. It saved my bundles [...]

“I do family planning.” That is one of the tag lines I have considered in describing what I do for clients. That may seem a bit misleading, I know. Actually, what I do is help people create a plan for the possible need for care should they become disabled during retirement. The fact is, long [...]

Well, here I am dealing with another of life’s offerings. I am recovering from prostate surgery. Some of you may know of my “colorful health history.” Suffice it to say there has been a set back because of other chronic health conditions. I have been thinking about this all in the context of what many [...]