Life Insurance - AgingCare.com
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Life Insurance

A contract between a private insurance company and an individual that pays a lump-sum death benefit to a beneficiary in exchange for premium payments over the lifetime of the policy holder.
  • Adding this one simple step when a loved one creates or changes their will, powers of attorney and other crucial legal documents can minimize unnecessary stress and familial discord down the road.
  • Family caregivers work tirelessly to ensure their loved ones’ health and happiness, but many don’t realize that there’s a legal component to their role. Without these crucial healthcare documents, you may not be able to help when your elder needs it most.
  • Familiarize yourself with the basic legal documents and forms that seniors and their caregivers use to create cohesive legal, financial and medical plans for the future.
  • There are many different legal and financial tools that can be used for Medicaid planning, estate planning and tax planning purposes. A living trusts are one popular option, but it is important to know how this tool works and make sure this is the best fit for your assets, personal situation and goals.
  • Many adult children and caregivers are concerned about how their parents' debts will be handled once they pass. For parents who are in long-term care facilities, there may be some states where children might be responsible for their bills.
  • Some individuals may consider transferring property to a trusted family member as a part of their estate plan or Medicaid planning. However, there are a few different scenarios to consider before opting for such a strategy to ensure you do not lose the property altogether.
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  • When a loved one is nearing the end of their life, it can be difficult to know what kind of care to arrange for them and where. Hospice, palliative care, home-based care, hospital-based care, and long-term care facilities are all viable options.
  • These strategies can be used to help plan final arrangements for yourself and your loved ones. Frank discussions about funeral planning are wise to have at any age. Don't put it off until it is too late.
  • Words often fail us when someone we love is approaching the end of life. Experts and experienced caregivers share their insights on how to provide support during this delicate time.
  • Planning a funeral involves making decisions about a loved one’s legacy while under considerable emotional stress. Understanding what must be taken care of and making arrangements in advance can expedite the process and minimize costs.
  • When a loved one is nearing the end of their life, caregivers and family members often have many questions. This guide to end-of-life care addresses the most common concerns regarding the dying process.
  • When deciding on the hospice program that is right for you, ensure the goal of end-of-life care is to help people who are dying have peace, comfort and dignity.
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