Tagged: seniors

Seniors greatest financial fears are running out of money 0

One quarter of Canadian seniors fear they will run out of money

The survey says 25 per cent of seniors fear they will run out of money before they die and the same percentage worry they won’t be able to pay for long-term care. Others fear not being able to pay off their debt; not having enough money to retire; having to sell their house, or needing to...

Boomers Need to Address Long-Term Care Needs 0

Boomers Need to Address Long-Term Care Needs

A new study by the American Council of Life Insurers (ACLI) shows that baby boomers need to pay attention to the very real possibility they may need long-term care. The reason: escalating long-term care costs. "Long-Term Care Insurance or Medicaid: Who Will Pay for Baby Boomers' Long-Term Care?" sounds the alarm on a potential national long-term...

Seniors’ greatest financial fears are running out of money 0

What Seniors Need To Know About Long Term Care Insurance

Long term care is a major concern of Canadian senior citizens and their families. Studies have shown that Canadians rank long term care second, behind saving for retirement, when prioritizing financial needs. Unfortunately, many Canadians do not want to think about needing long term care and, therefore, fail to plan for it. Others wrongly assume that...

What is no medical life insurance 0

What is No Medical Life Insurance?

When applying for life insurance many life insurance companies require you to answer medical related questions  or to undergo a medical examination as part of the application process. These medical examinations are often required as proof of your health status as given on your application form. They are used by the life insurance companies to help...

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