The effects of Alzheimer’s disease and dementia are an ever growing concern for the aging, caregivers, and those in the medical profession. The disease causes pain and agony for the sufferer and can be equally as distressing for those who see their loved one lose their memory and ability to function.
What’s the sentiment at the heart of long term care planning? No, it's not fear. (Of care costs or gaps in Medicare.) It's not even concern. (About medical conditions or Medicaid eligibility.) I’m talking about love. Yes, I know Valentine’s Day is in the rear view mirror. That’s OK. The kind of love I’m talking about transcends flowers and cards.
Melissa Barnickel was interviewed by I95 Business for Women of Influence.
Read more to learn about Melissa's personal and professional background and how she helps clients and their trusted advisors to preserve their hard-earned assets by incorporating insurance with their financial plan.
Dave Carpenter discusses the importance of owning Disability Insurance in this Bloomberg Business Week article. Disability Insurance is easy to overlook, until it is needed. This statistic from the article speaks for itself:
Government studies show that a 20-year-old worker has a 30 percent chance of becoming disabled before reaching full retirement age. Yet only about a third of employees in private industry have long-term disability insurance, according to the Bureau of Labor Statistics.
Long term care insurance (LTCi) and disability insurance (DI) both help you protect your assets, but they serve different purposes.
Disability insurance replaces a portion of your income lost due to an inability to perform your job. The qualifying disability may be job or task specific (unable to perform your particular job) or general (unable to perform any job).