Tag Archives: costs of aging

Could a Life Insurance Policy Help Pay for Care Needs Now?

Real-Life Examples of Utilizing this Untapped Asset As Aging Life Care Professionals® customize care plans and resources for their clients, they are careful to evaluate and manage the client’s financial resources necessary to ensure quality care and an optimal life. An often-overlooked financial resource is life insurance. Did you know that 500,000 seniors a year … Continue reading Could a Life Insurance Policy Help Pay for Care Needs Now?

What are the Hidden Costs of an Aging Parent?

Six hidden costs to caring for an aging parent

by Jullie Gray, MSW, LICSW, CMC – Aging Life Care Associaion™ Member and Fellow of the Leadership Academy Adult children across the country belong to the sandwich generation. Like salami and cheese, they feel squished between the responsibilities of their careers, elder care and raising their kids. Often, family caregivers sacrifice their own well-being and … Continue reading What are the Hidden Costs of an Aging Parent?

Four Things Every Financial Manager Must Know When Advising Aging Adults

Retirement Checklist

by Phyllis Mensh Brostoff, CISW, CMC – Aging Life Care Association™ Member and Fellow of the Leadership Academy 1. Long-term care is expensive, and there is a confusing maze of options when it comes to in-home and residential care. Financial managers must know the costs of long term care, in order to provide relevant guidance … Continue reading Four Things Every Financial Manager Must Know When Advising Aging Adults