If Dad has very few assets and it would be a financial hardship for him to pay the premiums for the insurance, then he probably doesn’t need it.
Those matchmaking websites are not just for kids!
Seniors want to live active lives but there is a huge difference between a 65 and 85-year-old.
Long term care is defined as the care needed for individuals with chronic disabilities.
More than likely, at some point in your life you will need long-term care…but is insurance necessary?
According to Genworth Financial’s 2011 Long Term Care survey, the national average annual cost of a semi-private room in a nursing home is $70,000, with it costing over $117,000 here in Massachusetts and in Alaska; the same room goes for $222,000.
WBZ’s Neil Chayet says Martin Luther King’s dream is a ways off.