|Life Insurance, Long-Term Care Insurance and Aging
- Life Insurance Basics
Life Insurance Basics; Comparison of Types of Life Insurance; How Traditional Whole Life Insurance Works; How Variable Life Insurance Works; How Universal Life Insurance Works; and How Variable Universal Life Insurance Works
- Life Insurance Planning Worksheet
Determine your life insurance needs with this RPS Excel worksheet
- What Retirees Need to Know About 3 High-Cost Financial Products (Kiplinger's Personal Finance,
Here's how to evaluate three offers heavily marketed toward retirees: immediate annuities, long-term-care insurance and reverse mortgages. Before buying, you need to understand the risks
Caregiving often involves providing for the needs of our older population. As the number of older Americans rises, so will the number of caregivers. According to the
U.S. Department of Health and Human Services (www.longtermcare.gov), almost 70% of people over age 65 will need some type of long-term care during their lifetimes. Between
the ages of 40 and 50, on average, 8% of people have a disability that could require long-term care services. The average yearly cost for long-term care in a nursing home is about $74,820 for a semiprivate room, while the average annual cost for care in an
assisted-living facility is $39,516.
Retirement Planning Services has prepared the following educational materials to help clients understand the significance of caregiving in general and the importance of planning for long-term care.
- Long-Term Care Insurance Quote
MAGA Limited is an insurance agency that focuses exclusively on Long Term Care Insurance.
- The 2012 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs
This survey provides national, statewide and area specific average daily rates for private and semi-private rooms in a nursing home, monthly base rates in assisted living communities, hourly rates for home health aide and homemaker services, and daily rates
for adult day services.
- Caring for an Aging Parent
Caring for Your Aging Parents; Tips for Caregivers; Housing Options for Aging Parents; Medicare, Medigap, and Medicaid Overview; and Common Incapacity Documents
- Planning for Incapacity
Facing the Possibility of Incapacity; Common Incapacity Documents; The Fundamentals of Disability Insurance; Social Security Disability Benefits; Individual\Group Disability Policy Alternatives; Understanding Long-term Care Insurance; What to Avoid When Buying
a Long-Term Care Insurance Policy; and Inflation Protection Options
For more information, visit the "Long-Term Care Planning" and "Caring for an Aging Parent" sections of the
Life Events page.