Articles on "Long-Term Care Insurance"

July 28, 2003 12:00 am

Solving a Financial Problem for one Retired Senior

Marie and Len have been married for 42 years and live in an old house set on a lovely property. After retiring from a career in retail sales management, Len takes care of the yard and fishes. Marie, having raised two children and worked as a part time bookkeeper, enjoys the garden, especially her rose bushes. This past year, both Marie and Len experienced a decline in their health and cannot manage the house and the property as they once […]

July 24, 2003 12:00 am

Nursing Home Costs Could Reach $190K a Year by 2030

Financial planners and insurance providers have been warning baby boomers to be prepared for the cost of nursing home care for years, but just how much should they expect to pay? On average, U.S. nursing homes now charge $54,900 a year, and this could reach as high as $190,000 by 2030, when the last of the boomers reach age 65. The five costliest areas are Alaska, New York City, Connecticut, New York state, and Washington DC, with costs ranging from […]

July 24, 2003 12:00 am

Policy Proves Useful Early On: Long-Term Care Insurance

After working as a Chief of Staff to a Senior Member of Congress, running a national trade association, and serving as a partner in a lobbying firm, Jim Afton retired from a long and prestigious career in government service. He thoroughly enjoyed his various appointments on Capitol Hill because he had the opportunity “to represent so many people, to really work in a people business.” Marie, Jim’s wife of many years, was a housewife and stay at home mother to […]

Formulating a “Game-Plan”: Long-Term Care Insurance
July 24, 2003 12:00 am

Formulating a “Game-Plan”: Long-Term Care Insurance

Pieter and Phyllis DeSmit have spent their lives teaching and coaching children and young adults. After retiring from long and prosperous careers, the two found that it was time to educate themselves about long-term care insurance. They realized early on that they needed a “game-plan” in order to be able to continue to live their full and active lives during retirement. Pieter spent a large portion of his career working for the Baltimore Friends School as its athletic director. He […]

June 30, 2003 12:00 am

How To Choose Long-Term Care Insurance (LTC)

As the older adult population grows and life expectancies continue to increase, more and more Americans face the difficult prospect of having to pay for costly long-term care. One of the ways consumers are answering this challenge is by purchasing long-term care insurance in order to help manage the sometimes overwhelming costs of care. However, long-term care insurance can be expensive and like any other insurance plan it has differing levels of coverage and varying premiums. Therefore, long-term care insurance […]