Finding the Best Insurance Coverage for Senior Citizens
For senior citizens, obtaining life insurance may be quite challenging. Whether you need whole life insurance, term life insurance, travel insurance, or burial and funeral insurance, you’re up against a few obstacles.
The first obstacle is your age, of course. Because you’re over 65 years old, you’re considered more of a risk for insurance companies. Someone who is younger will experience lower premiums because they aren’t as likely to run into health problems that seniors face. Things like diabetes, Alzheimer’s disease, heart attacks and strokes most commonly occur with age. The good news is that if you presently carry a good bill of health (and you’re trying to keep it that way), you’ll be able to find a good life insurance policy that’s affordable.
The second obstacle is if you have a family history of health problems. If high cholesterol, high or low blood pressure or abnormal glucose levels run in your family, this will affect your insurance policy rates. Equally, if you were diagnosed with a health problem as a child, you’re at a greater risk for these things to reoccur as you age. These things considered there are insurance agents who specialize in insurance for seniors. An experienced insurance agent will point you in the right direction for your specific needs. Compare the benefits of whole life insurance and term life insurance to see which one you prefer.
Here is a description of of the different types of insurance that seniors might be interested in
Senior Living Choices
Old age can creep up on you before you know it. Things that were simple tasks can become burdensome chores. You may find yourself dreading a simple trip to the grocery store, doctor’s office or post office. There are several options for you to think about so that your life can be more enjoyable.
In-home Health Care Aide
Hire an in-home health care aide. Home health care aides, caregivers, senior helpers or home helpers offer excellent in-home care so that you can continue living in your home. A caregiver is trained to assist you with meal preparation, housecleaning, transportation, and personal hygiene. If you’re just in need of companionship, home health services will provide a person best suited to your personality. Rehabilitation and therapy services are also offered by many home health care agencies.
Assisted Living Facilities
Assisted living facilities are wonderful choices for seniors who cannot keep up with the responsibilities of home ownership. These beautiful retirement communities offer a secure, yet independent living environment. For a care-free living option, enjoyable amenities, and social attractions; look into independent living communities or facilities in your area.
Independent living communities, also called retirement communities, provide services such as meals, transportation, planned recreational activities and other various concierge services. Many of these places even offer on-site wellness centers.
Skilled nursing facilities are available for individuals that require a lot of medical attention with 24-hour care. These facilities also offer short-term care for people who are in need of rehabilitation therapy, whether recovering from a stroke, a fracture or another medical condition. Licenses physicians, physical therapists and occupational therapists provide services in these facilities.
Legal Issues Facing Seniors
Seniors today face many situations that may require legal help. Drawing a will, creating a trust, estate planning, nursing home abuse and social security and disability claims can become sticky situations for seniors facing them alone. Thankfully, there are many good elder law lawyers who are experts in simplifying these issues so that seniors can live out their golden years worry-free.