Setting up a Trust Fund for your Children
Creating Trust funds can be overwhelming and there are quite a few things to take into consideration. When it comes to leaving large sums of money or assets to your children there are some general tips and advice to follow before setting up a plan.
Here are 7 Tips for Setting up a Trust Fund for your Children by Christine Fletcher:
- Assets of minor should be held in Trust-While children are under he age of 18 you do not want them inheriting money without a guardian. It’s important to find someone that[…]
Dogs help with Dementia
People who suffer with Dementia or Alzheimer’s have a harder time with everyday activities. It can be dangerous over time and without supervision it can put someone in a harmful situation. Usually people have to go to a Memory Care or Assisted Living Facility that has caregivers who watch over them. Having a service dog can offer assistance for someone who is living at home or even living in an assisted living facility. 
Research over the years has showed us that pets are good not only for everyone but even more so for[…]
Why Retirement Plans Don’t Save You From Long Term Care
Many people believe that having a retirement plan in place will keep you financially afloat post-retirement. However, even with a substantial amount of money in a retirement account it is always better to have a long term care policy in place.
Having a long term care policy will not only protect you and your finances but also grant you and your family relief from the uncertainty of your future medical care.
You have a 70% of needing some type of long term care service at some point in your life, according to the United[…]
Don’t Get Stuck with Your Parents’ Junk
When parents pass away, there is usually only a small amount of time for you to go through their house and decide what you should keep and giveaway. If you don’t take care of it as soon as you can then you may end up stuck with a lot of junk that you don’t know what to do with.
As your parents get older, you and your family need to start thinking about what will happen to all of the stuff in their house. The truth of the matter is that no one wants to[…]
Should you buy Hybrid or Traditional Long Term Care Insurance?
The Go-Go 1990’s
The year was 1999 and like the dot-com era of companies such as Pets.com, things were sky high for the Long Term Care Insurance Industry and the financial industry in general. Banks and Insurance companies were flush with cash and interest rates were at a normal 5%-6% range for things like CD’s and the 10-year US Treasury. The fixed interest rate market was critical for for these Long Term Care Insurance companies offering the at the time rich benefits for the premium dollar.
Insurance companies are required by the State Insurance Commissioner’s office to put a large portion[…]
How to Talk to Millennials about Long Term Care
Millennials grew up with technology and were the creators of Google, Facebook, and Instagram. So what do these tech savvy consumers need to think about when it comes to Long Term Care Insurance? Millennials are a planning focused generation which makes them an excellent market for long term care. According to a recent study done by financial experts, 69 percent of millennials agreed that the burden of providing LTC for parents or grandparents will fall on them. This lead to 56 percent of millennials believing they personally will plan for LTC better than previous generations, mainly because they are more[…]
Reviews of each company’s financial stability ratings, claims experience, and size.
A side-by-side comparison of each company’s policy features. We cover the similarities and the differences.
Price comparisons customized to suit your specific needs from top carriers such as Nationwide, Thrivent, New York Life, National Guardian Life, Mutual of Omaha, and more.