November is when many families come all together to celebrate Thanksgiving and the start of the holiday season.
When this time rolls around, it is important to mention that November also represents National Long Term Care Awareness Month.
In 2001, the American Association for Long Term Care Insurance coined the term and drafted a goal of encouraging people to create a retirement plan and protect their wealth, relationships and assess investing in long-term care insurance.
While it may be challenging to bring up the topic of long-term care insurance to loved ones, National Educational Services is here to help make sure all of your questions are answered.
Family Caregivers Month
It is definitely not a coincidence that National Long Term Care Awareness Month and National Family Caregivers Month coincide. The majority of older adults currently use assistance from members, so it’s likely, one of your family members is already a caregiver.
This month, make an effort to reach out to this friend or family member and show them just how important and appreciated they are. The lives of caregivers are more complicated than anyone could ever realize, and offering these individuals words of gratitude can make all the difference.
Alzheimer’s Awareness Month
Not only is November the month of Long Term Care Awareness and Family Caregivers, but it is also Alzheimer’s Disease Awareness Month.
In the United States, more than 5 million people suffer from Alzheimer’s, and it has become the sixth leading cause of death in our country.
To honor those who suffer from this disease this November, consider donating to the Alzheimer’s Association or bring awareness to the cause through conversation. Visit https://www.alz.org/ to learn more about how you can get involved and contribute.
The Retirement Talk
Talking to older parents and relatives about retirement is not an easy task. Sit down with your relatives and ask them how they imagine their retirement.
Ask them if they plan to sell the house they live in and travel the world, maybe, if they are considering moving in with you, or perhaps they are not yet financially ready for retirement.
Asking your loved ones these questions can help everyone gauge their situation.
Additionally, you should bring up the topic of long-term care insurance and assess their understanding of the topic. Reaching out to a National Educational Services advisor is also a great option at this point so that you can receive specific advice regarding your loved one’s situation.
Planning is Key. Speak with an Expert from National Educational Services to Get Started.
One of the most important, if not the most important, aspects of retirement is having a plan.
In terms of long-term care insurance, not everyone will be able to afford it, but yet not everyone will even need the coverage. Every person’s plan is very different, and that is why it is so important to speak with an advisor to get the best information about your situation.
When this Thanksgiving rolls around, get talking with your loved ones and reach out to an advisor at National Educational Services!