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Regardless of what survey you read or what poll you listen to one thing is very clear,  people  today are living longer, largely a result of modern pharmacology’s ability to convert an acute illness into a chronic illness.  As a result they will now require  many additional months and years of custodial or skilled care  costing additional billions of dollars .  However despite the fact that  over 50% of our adult population   according to the American Medical Association will require some  sort of long term care , lasting on average 3 years , less than 8% of the population has thus far purchased a traditional Long term Care  insurance product..

Make no mistake about it as people live longer there will be an ever increasing  need for  more custodial , intermediate and skilled  care required by  our aging population. However what seemed to stand  in most  

I wanted to inform you of an important concept that our readers should be aware  of. As a certified financial planner concentrating in the Eldercare marketplace Ive always advocated that a Parent should be actively involved in the process of choosing  a preferred method of care if and when it became necessary for him /  

can a person aged 60-85 that has had various medical problems ranging from high blood pressure heart disease osteo-arthritis diabetes and even cancer still obtain life insurance or long term care care insurance?
The answer is yes depending on which insurance company an application is turned into.

Often times I hear the following questions from the 30-40% of the into one of the following 2 categories:

THOSE THAT HAVE ALREADY APPLIED FOR COVERAGE  AND BEEN TURNED DOWN

Several years ago a well known  Financial Author  asked me to write a chapter for her book containing what I  thought was my best and most clever use of life Insurance that her readers would find unique and of  

Our current financial situation will make any buyer of any new financial product think twice about what they are buying as well as the integrity of whom they are purchasing the product from. However what many people miss is the need to be be as equally vigilant in evaluating those assets they already own.

Henry Montag CFP, a financial planner in Syosset, New York, upon whom we rely on for insurance information strongly suggests that we address this issue. 

Most insurance sold in the past twenty years has been Universal Life Insurance.  Contrary to most people’s beliefs, this insurance will not last forever.  Unlike Whole Life Insurance, it does expire.  Without an annual review of your policy it is entirely possible that you can be left without life insurance when you’ll need it most, in your late 80s and early 90s.  The reason being that when these policies were created in the early  

Medicare is an age based health plan that is provided to individuals that reach age 65. It is partially funded by the Federal as well as State Government.   Medicare will pay for 80% of ones health care costs up to various guidelines and then it stops paying all together. It was never intended to pay for all of ones costs .   In order to cover the 20% that medicare will Not pay for people purchase  A Medicare  Supplement plan. these types of plans will not only pay for the 20% Not covered by Medicare but  will also pay for the various deductibles and co pays that are  the patients responsibilities.
 
Medicare and Medicare Supplement plans are very confusing issues that most individuals that become  

There’s no such thing as a perfect investment but if there were it would look a little like this.
  
It would be extremely safe and secure with very little chance of losing any of your principal.  There would be Govt Guarantees to insure that your money would be returned. Remember in today’s investment environment the return OF your money is as important if not more than the return ON your money.
 

WELCOME WALL STREET JOURNAL READERS!

Chances are pretty good that if you stay healthy eat right and take care of yourself you’ll get to live a long healthy life. The Trusted Expert in our network want to remind you that with longevity comes an added responsibility to do things today to help you financially and emotionally prepare for that long life. This type of planning helps assure yourself that the rest of your life will be filled  

The use of “Indexed annuities” as an Investment vehicle have grown significantly over the last 9 months primarily due to their  ability of providing the annuitant an opportunity to participate in a portion of the growth of the stock or Bond Market , while issuing an Ironclad guarantee against the loss of any principal when held to maturity.

However the one drawback to this type of investment has been its lack of liquidity and loss of control over  

As a result of many peoples failure to plan for many common life occurrences i.e. retirement , a long term illness or death many of these already unpleasant situations can turn into a full blown crisis.

We all know well in advance that wed like to retire somewhere around our 60s to 70s but the unfortunate truth is that unless we plan for this contingency far in advance we wont be able to retire in the manner wed like to. Fact is that 95% of those reaching age 65 economically wont be able to retire and that was even before our most recent economic downturn. That number will now of course increase significantly with not  

Many investors have rightfully asked  Is this the beginning of a bull market rally or just a bounce from the devastation weve sufferred over the last 9 months.  Do we first have to retest the November 08 lows or did the March 09 lows already do that?
  
Theres perhaps nothing worse for ones confidence whether youre an investor or an advisor to have lost
20, 30 ,even 40% of your investments  or more over the last year and then to get back into the market only to have it trick you again with a new bear market correction.
 
So what can we do to protect ourselves and the money we have left from further losses.  Some people say  

There’s nothing more disturbing than to see an individual using an inappropriate Life Insurance product for their needs.  For example if one wants to have maximum protection with the lowest cost possible, for a specific time period say 5-30 years ending by age 80) you should only consider Term Insurance.  An example of where this is appropriate involves the breadwinner of a young family desiring to provide maximum coverage so that his Family can continue their lifestyle in the manner they were accustomed to even if the breadwinner were no longer here to provide for their monthly living expenses and college costs.

If on the other hand you want your insurance to last beyond age 80, for example to create an inheritance for your kids or grandkids, or to be used to pay for your estate tax if you are not married, then and only  

You’re excited today is the day you’ve been waiting for. You have an appointment with the person who will give you and go over your Retirement Packet with all your financial information. You’ll see exactly what you can expect to get each month you’re retired.

Despite the fact that well over 30 billion dollars has been diverted from the market, over the first 23 days of October did that really make the investors that moved their money feel any better about their portfolios? More importantly was it the right thing to do?