Long Term Care — An Impending Crisis for the Elderly

If we were to ask an older person what his or her most important concerns or wishes for the future are, we would probably get a variety of different answers. But according to surveys frequently conducted among the elderly, the most likely answers we would receive would include the following three principal concerns or wishes.

Remaining independent in the home without intervention from others.
Maintaining good health and receiving adequate health care.
Having enough money for everyday needs and not outliving assets and income


Caregiving Stress — Hazardous to Your Health and Sometimes Deadly


A 2003 study of caregivers by a research team at Ohio State University has proven the off-repeated adage “stress can kill you” is true. The focus of the investigation was the effect the stress of caregiving had on caregivers. The team, led by Dr. Janice Kiecolt-Glaser, reports on a 6-year study of elderly people caring for spouses with Alzheimer’s Disease. The study not only found a significant deterioration in the health of caregivers when compared to a similar group of non-caregivers but also found the caregivers had a 63% higher death rate than the control group.


LA Times list of “GrandCare” Monitoring systems

Today’s Los Angeles times Home section has an excellent article in supporting the alternative option to assisted living by using new technology called “GrandCare” systems. These systems use computers, sensor, and webcams to help seniors live safely at home, maintain their independence, and give both the seniors and their adult children peace of mind.
The article continues to comment on the “aging in place” movement driven by baby boomers and the enormous burden on the U.S. healthcare system.
“Corporations and government policy makers realize that as the boomers age, the costs won’t be sustainable if we continue to do business the way we’re doing it right now,” says Majd Alwan, director of the Center for Aging Services Technologies in Washington, D.C.
“There is an intrinsic value to the home, where the individual has a sense of accomplishment and a level of comfort that they will never replicate by moving,” says Peter Bell executive director of the National Aging in Place Council in Washington, D.C. Click here to read the entire article.


Life Insurance and Annuities for Long Term Care Planning

Life insurance and annuities are useful products that help solve problems with the estates of elderly long term care recipients. We discuss below a number of situations where these insurance products are used to rescue assets from long term care costs, reduce or eliminate taxes, protect the lifestyle of the healthy spouse and increase inheritances…