Retirement Year's Income Protection
Baby Boomers Still Working :
Have you accounted for a change in lifestyle should a loss in income for some period occur?
The age group more likely to suffer a disability during their working years –have a 1in 3 chance of becoming disabled due to illness or injury during their working years. Heart attacks and
strokes the leading causes of disability.
* Harris Interactive/AHIP , “Baby Boomers’ Awareness of Disability Risks Summary Finds
NEXT STEP: An Assessment of Group Disability vs Individual and Family Needs
Baby Boomers Preparing for Retirement :
Have you accounted for future Health Care Costs in Your Retirement Plan?
NEXT STEP : A Personalized Health Care Cost Assessment estimating potential out of pocket health care costs based on your health history, lifestyle and family history of medical conditions.
Baby Boomers in Retirement :
Have you accounted for the steps involved in managing a Long Term Care Circumstance?
From Studies completed in 2019, via the US Department of Health & Human Services:
** 70% of those who survive to Age 65 develop severe Long Term Services & Support needs before they die. **
** 48% of those over Age 65 receive some paid Long Term Services & Support over their lifetime. **
** 29% of those over Age 65 receive paid home care, 5% receive residential care, and 28% receive at least 90 days of nursing home care, including 13% who receive long term Medicaid financed
nuersing home care. **
NEXT STEP : A Personalized Long Term Care (LTC) Assessment taking into consideration care without restrictions; changes to a home
environment if necessary, family member participation, a back-up plan, and most importantly...How do you fund your plan.
Retirement LifeStyle Protection Assessment Process
As part of a comprehensive Retirement Lifestyle Protection
Assessment we work with employers and their employees on identifying
their level of preparedness for the situation where an employee or a family member may not be able to perform the basic activities of daily living whether for a short time period or and extended
time scenario. These activities include walking, getting in or out of bed or a chair, dressing, bathing, eating, and toileting.
The Assessment Process For Long Term Care Services (LTC)
Four Key Areas:
1. Where does one receive long term care services
2. What are the levels of coverage & parameters i.e. cost drivers
3. How does one really pay for long term care services
4. Without long term care insurance what are the true costs to a retirement asset base (often not measured)
To Schedule a Disability Assessment or Health Care Cost Assessment or Long Term Care (LTC) Assessment
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