Despite
research showing people are living longer than ever, only 22 percent of
respondents to a recent survey believed they would need long-term care in the
future, while about one-third thought that their parents, spouses and other
family members would need it.
In
reality, experts predict that approximately 58 percent of women and 44 percent
of men will need long-term care during their lifetimes. Ironically, the
healthier you are today, the more likely you’ll need long-term care in the
future. That’s because if you’re fortunate enough to live a long, healthy life,
you’re more likely to eventually experience the physical and mental effects of
old age.
Perhaps
part of this denial is simply that people don’t want to pay insurance premiums
for something they may never use. However, we have some alternative strategies for
how to help afford medical care as part of your retirement income plan in the
event that it is needed. Schedule an appointment today, and we’ll help you find
a strategy that can fit your particular situation.
[CLICK HERE to read the article, “Long-Term
Care: How Big a Risk?” from Center for Retirement Research at Boston
College, November 2014.]
[CLICK HERE to read the report, “The
Next Era of Palliative Care,” from The Journal of the American Medical
Association, Oct. 20, 2015.]
[CLICK HERE to read the article, “New
Products Address Shortcomings of Long-Term Care Insurance,” from Bank
Investment Consultant, Sept. 1, 2015.]
Here’s
another thing that that changes as we get older: We stop asking questions. One researcher
observed that, “A child asks 300 questions a day. By middle school, the number
is down to practically none.” Obviously, we don’t know all the answers by sixth
grade. Instead, the study concluded that our natural curiosity is trained out
of us. Parents, teachers and employers want correct answers, not questions, so
we lose our natural inquisitiveness to question why things are the way they are
-- like why the correct answer is the correct answer.
By
the same token, some researchers say that creativity is inherent in most, if
not all, children. As adults, continuing to exercise our creative instincts can
make us more creative. Not using them causes our creativity to become latent.
[CLICK HERE to read the article, “Companies
Value Curiosity but Stifle It Anyway,” from Harvard Business Review, Oct.
21, 2015.]
[CLICK HERE to read the article, “Can
Creativity Be Taught?” from Knowledge@Wharton, April 27, 2014.]
Albert
Einstein once said, “The true sign of intelligence is not knowledge, but
imagination.” This is often true of problem solving. Sometimes we must
assimilate what we have learned, mix in a little creativity and
resourcefulness, add some new knowledge and data, and transform it into a new strategy
tailored for our specific needs.
That’s
what we try to do for each of our clients. Your wisdom, our knowledge of the
industry and a little imagination can work wonders.
[CLICK HERE to read the article, “This
Infographic Depicts 9 Domains of Intelligence,” from Gizmodo, July 24,
2015.]
We are an independent firm
helping individuals create retirement strategies using a variety of insurance
products to custom suit their needs and objectives.
The information contained in
this material is provided by third parties and has been obtained from sources
believed to be reliable, but accuracy and completeness cannot be guaranteed; it
is not intended to be used as the sole basis for financial decisions.
If you are unable to access any
of the news articles and sources through the links provided in this text,
please contact us to request a copy of the desired reference.
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