Mental health is just an important factor as you age as it is any other time of life. As we age, environment, health and financial challenges also often increase and can have considerable bearing on mental health.
Imagine hearing the words “you have cancer” ringing in your head. According to the National Cancer Institute, roughly 2 million people will be diagnosed with cancer in the U.S. with an estimated 120,070 expected cancer related deaths.
More than half of Baby Boomers (56%) believe Medicare will pay for long-term care. Are you one of them?
As the need for having a retirement plan in place becomes more urgent, don’t neglect to make sure you are taken care of in the event that you need long-term (custodial) care.
Limited access to much-needed medical care that is specific to cancer is a common story. The best thing you can do is make sure you have a good health insurance policy in place that have no gaps in coverage, but if this isn’t possible, a cancer-specific policy may be for you.
There are many logical reasons for purchasing life insurance. One of them is that it is a cornerstone of a well thought out financial plan. But let’s get real, life insurance is not for you, it is for your family and it is one of the most selfless gifts you can give the loved ones you will leave behind.