Wednesday, November 21, 2007

Long Term Care Insurance - LTC

If you haven't considered it already, now is the time to do so. LTC Insurance can be your saving grace in your old age. When the day comes that you need or want to live in assisted living, the premiums stop. From there on out your bills are paid by the insurance.
When you live in Assisted Living, the monthly rent includes your room, food, laundry, housekeeping, and most importantly, ASSISTANCE. This can be but is not limited to: the activities of daily living such as bathing or standby help, dressing completely or just tying your shoes. There is help, when you need it for whatever you need. Even transportation to local medical appointments, shopping, and outside activities.
You'll never pay again for electric, water, exterminatior, housekeeping, gardener, or cable tv (in most cases).
Most really nice ALF's (Assisted Living Facilities) cost in the $3000 per month range.
Imagine, you'll never have to pay those bills. Instead, you buy it in the form of LTC Insurance. The younger you are, the lower the rates. Before you're fifty is the best deal but even if you've past 50, the rate you pay now doesn't even compare to what the cost of a nice ALF will be when you're ready to move in.
For women who are divorced and no longer have a husband with life insurance, LTC can provide you with that care you otherwise wouldn't be able to afford as you grow old.
Check it out...find a good policy that pays as long as you live. No one knows how long we each have so buying a policy that stops paying after a few years isn't advisable. Go for the cadillac in this case. Make monthly payments or save a percentage buy paying in lump sum. Either way, having LTC insurance is the smart way to grow old.

Friday, November 16, 2007

How Do I Convince My Elderly Parent to Move Into a Facility?

Most of our parents will not willingly move into an assisted living facility. Some will seek it out on their own, but these are the exceptions. Frequently it will be an unfortunate incident that sparks this conversation between parent and adult children.

The elderly are often afraid that moving to a 'facility' identifies them as needy. Remember, the first step in getting help, for any of us, is admitting you need it. The aging parent sees this move as a loss of independence. They may also see it as 'failing' or the last move before the cemetary. Often this is the case, and this realization is what you and your parent must work through.

Every person must attend to their activities of daily living. The activities of daily living include: bathing, dressing, toileting, ambulating (walking), and eating. As we age accomplishing these daily tasks may become difficult, if not impossible, without some form of assistance. An assisted living facility can provide the help they need, as they need it. For example, your mother may only need help in fastening her bra and putting on her shoes. An assisted living facility can provide only the care she needs and wants, leaving her to function throughout her day as independently as possible.


  • Ambulating (walking)
  • Bathing
  • Dressing
  • Eating
  • Toileting