Purchasing Long-Te
THE IMPORTANCE OF SOCIALIZATION IN RETIREMENT GET OUT AND MINGLE As humans, we thrive on love and companionship. In our golden years, that desire and the benefits that come from it don’t go away. In fact, socialization is especially important for seniors. According to a study from the Harvard School of Public Health, a healthy social life in your 50s and 60s slows down the rates of memory loss and deterioration. It also provides many other positive benefits. Fosters Positivity After your working years come to a close and you no longer interact with coworkers, loneliness and isolation have a higher chance of settling in. Socialization is key to keeping your spirits high. So, to create and maintain positive relationships, make plans with friends and family to keep yourself busy and entertained. Reduces Stress In today’s world, stress can creep up easily. Whether it’s a busy schedule, worry about family members, fear of shifts in the economy, or unstable current events overseas that keep you on edge and anxious, get out and do something! A night out with a friend or even just time spent chatting with a family member on the phone can help to reduce stress. Increases Self-Worth Social activities such as exercise classes, group dinners, walks with a friend, or events at a clubhouse are great ways to build friendships. While friendships are a two-way street, being on the giving side can help you feel needed and increase your self-worth. To be good company is a great way to help others, which makes you feel great about yourself, too! Engagement, socialization, and creating meaningful relationships are necessary components of being happy and healthy, especially as you age. So, sign up for water aerobics, take that group pottery class, go fishing with your friends, take your neighbor up on that walk, and go to that party! You just might have a great time, and you’ll never regret interacting with others!
HERE ARE THE D
More adult children are caring for their aging parents and assisting them while they plan for the future. That being said, it’s understandable that they’re seeing the importance of using long-term care insurance as a tool. But if you or a loved one are considering purchasing long- term care insurance, here are the do’s and don’ts you really should think about. What You Should Do • Although you don’t have to give up everything so your loved one can live in a nursing home or assisted living facility, they can still be expensive. Therefore, you want to find a sufficient daily benefit plan to pay the expenses to ensure you won’t have to use personal funds to cover the cost. To find your daily benefit, take the average cost of where you live (or where you will be living) and subtract it from your daily income. • It’s crucial that you understand the “waiver premium” feature. Once you begin receiving benefits from an insurance company, the premium on the policy will be waived. However, if the person receiving the insurance recovers and can do things independently, the premiums will resume because they will be ineligible for benefits.
Puzzle Time!
Answers:
www.TrinityElderLaw.com
2
Made with FlippingBook Ebook Creator