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How Does LTCi Protect Young Families?

Dec 30

Posted by Susan P. Payne in Insurance | 2 Comments

Every day many people of all ages experience a significant change in health status. How would it impact your family if a sudden unexpected accident or illness happened? Are you prepared to handle the cost associated with long-term care? Needing long term care help is a family issue. What will happen to saving for the kids college? Your retirement? Your finances? Planning for a secure future can be possible with integrating Long-Term Care Insurance (LTCi) protection planning.

LTCi is important, yet overlooked by many. It is the day-to-day help you need when a serious illness, injury or disability makes you physically or cognitively unable to care for yourself for a long period of time. This type of care is usually provided at home, in an assisted living facility, adult day care or, lastly, in a nursing home. No one ever wants to think about a catastrophic illness or an accident like a broken leg or hip. Close your eyes and think about what life would be like with a broken hip. You could not walk, bathe or dress yourself. You would need someone to assist you in your normal activities of daily living. Could you depend on your family? Would you spouse have to miss work? Would the kids need to miss school or their sporting events?

How will having a Long-Term Care Insurance (LTCi) plan help you and your family?

1. Protects your independence,live how you want, where you want

2. Protects your family from the potential burden of being your caretaker

3. Protect your savings, college funds and retirement plans from the high cost of long term care

4. Many plans will pay for home health care providers, home health aides and caregivers, giving you freedom to choose what makes you comfortable.

Why does someone my age need to think about long-term care?

Today you are healthy. But 24-hours from now, things can change. Many illnesses, once considered to be life threatening, are now life altering with the medical advances in place today. Many now leave you \’disabled\’ relying on others for care, sometimes for short periods of time, sometimes for life. Long term care protection requires you to \”health qualify\”. No matter how much you would be willing to pay, a change in health can make it impossible for you to health qualify for long term care insurance. For individuals who are currently young and in good health, you have the possibility of locking in \”preferred rates\” for your lifetime. Cost for insurance can be significantly lower at younger ages so you will save money! You lock in savings and you can never be canceled even if your health changes. You may benefit now and again later as many people need and use their benefits when they are young and again when they are older.

How does LTCi protect young families?

Because things can change tomorrow, now is the right time!

Before you go out and buy a policy go to Long Term Care Insurance, ask questions and request a long term care insurance quote. We represent 20 of the top LTCi providers. This gives you tremendous options.

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The Economics of a New Bed

Dec 10

Posted by Vladmir Skillet in Personal Finance | 2 Comments

Your new bed

Your new bed

Getting a new bed can be a bit of a blow on the old pocket book. Quality mattresses tend to go for around $2000 for a queen size and this can be a good chunk of change when the time comes due. But on the grand scheme of things, it is really one of the most economic investments when it comes to increasing your quality of life.

It is important to try to break item economics down on a per unit basis in order to compare apples to apples and assess the comparison value. For example, you might want to know how much per wear, per day, or per hour. Food costs for a family can be valued at approximately $10 per day for an adult. Clothing is also broken down well using this method. A nice suit which costs around $1200 might end up at $12 per use if you can find a way to wear it 100 times. Depending on how much you use something, and what it might actually benefit you in the long run, buying a $1200 suit might not be worth it. Of course, everything around you can be valued in a similar way.

Americans are not getting enough sleep these days averaging a little under 7 hours per night. Getting a better quality sleep makes a huge difference on how you act and feel the next day and a quality mattress can help you get there. Over the course of its average ten year lifespan, a mattress will see about 25,000 hours of sleep time per person. That means, for a mattress costing $2000, the bed will end up costing as little as $0.25 per night per person. Getting the extra rest during the night is probably worth the extra quarter!

Coughing up $2000 every ten years can be a bit of a blow. It is the difference between getting to go for a trip to Mexico or not for vacation, and many times people pick the trip. Fortunately, most mattress retailers offer payment plans to make it easier to get into a mattress sooner rather than later. However some of us do not have sufficient credit ratings to be approved for these plans. In those cases, it is a good idea to compare the benefit of a new mattress against the pack of cigarettes or that daily latte and start to prioritize just where we should be spending our money.

There isn’t too much that you can get for a quarter these days. However, it is surprising that a good sleep is one of them. Good luck!

Being an engineer by trade, Vladmir Skillet is constantly analyzing the cost benefit relationships to everything. For more information on a waterbed mattress guidees or on a futon beds information guide visit his website.

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