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Who are you caring for?
Which best describes their mobility?
How well are they maintaining their hygiene?
How are they managing their medications?
Does their living environment pose any safety concerns?
Fall risks, spoiled food, or other threats to wellbeing
Are they experiencing any memory loss?
Which best describes your loved one's social life?
Acknowledgment of Disclosures and Authorization
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
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Mostly Independent
Your loved one may not require home care or assisted living services at this time. However, continue to monitor their condition for changes and consider occasional in-home care services for help as needed.
Remember, this assessment is not a substitute for professional advice.
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It’s such a maze out there. I need help to narrow selections to the best for my little money. I think Term is most suitable because Whole life premiums increase...I think.
OhMyMe2, here's a Suze Orman website that can help sort out whether, how much, and what type of life insurance you might need: www.suzeorman.com/blog/life-insurance-made-easy-really
Many financial advisors don't usually recommend whole life insurance (except in specific circumstances) because that type of life insurance is a combination of actual life insurance and investment, but the investment returns are typically quite low compared to other investment opportunities. Combined insurance and investment products (e.g. whole life insurance) can be confusing due to the different goals of each product, so I think its usually better to keep them separate.
I think that it depends on your situation and whether you have children that you need to provide a future for or whether you need just enough life insurance to cover your funeral expenses.
If you belong to a national fraternal organization or a church or synagogue, they might have an fraternal or denominational insurance company that you can purchase life (or health) insurance from.
Life insurance is designed to pay off outstanding debts and provide enough funds for remaining family to maintain their lifestyle, raise children, cover funeral expenses etc. Some feel it should be used to provide an inheritance too.
If you have a mortgage and it will be paid off in 7 years, then a Term 10 policy for the current balance on the mortgage will allow the mortgage to be paid in full and your beneficiary will get any difference in the declining mortgage balance or the full amount after the mortgage is paid off.
Whole Life can have level premiums or step up premiums (start low and increase).
You can combine Term and Whole Life Insurance to best meet your needs.
Your best bet is to talk to an life insurance broker or agent and determine how much insurance you need (if any), how long you need it for and who the beneficiaries will be.
Keep in mind, if you have no outstanding debt and do not anticipate generating any debt (car payment, mortgage etc), or can fully cover any debt with other assets, you do not necessarily need life insurance. Have you prepaid for your funeral? If you have a spouse and or dependant children, or other dependants, then you need to calculate how much insurance would be needed to replace your income after you die.
Life insurance agents can calculate how much insurance you may need. they have access to spreadsheets with formulas that can do the calculations while looking at a variety of scenarios.
Keep in mind too that there are other forms of insurance that maybe worth looking into; disability, long term care, being two that are often overlooked.
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
Many financial advisors don't usually recommend whole life insurance (except in specific circumstances) because that type of life insurance is a combination of actual life insurance and investment, but the investment returns are typically quite low compared to other investment opportunities. Combined insurance and investment products (e.g. whole life insurance) can be confusing due to the different goals of each product, so I think its usually better to keep them separate.
Are you looking for money for burial expenses, to leave your heirs something, to cover your income for your loved ones when you die?
If you belong to a national fraternal organization or a church or synagogue, they might have an fraternal or denominational insurance company that you can purchase life (or health) insurance from.
If you have a mortgage and it will be paid off in 7 years, then a Term 10 policy for the current balance on the mortgage will allow the mortgage to be paid in full and your beneficiary will get any difference in the declining mortgage balance or the full amount after the mortgage is paid off.
Whole Life can have level premiums or step up premiums (start low and increase).
You can combine Term and Whole Life Insurance to best meet your needs.
Your best bet is to talk to an life insurance broker or agent and determine how much insurance you need (if any), how long you need it for and who the beneficiaries will be.
Keep in mind, if you have no outstanding debt and do not anticipate generating any debt (car payment, mortgage etc), or can fully cover any debt with other assets, you do not necessarily need life insurance. Have you prepaid for your funeral? If you have a spouse and or dependant children, or other dependants, then you need to calculate how much insurance would be needed to replace your income after you die.
Life insurance agents can calculate how much insurance you may need. they have access to spreadsheets with formulas that can do the calculations while looking at a variety of scenarios.
Keep in mind too that there are other forms of insurance that maybe worth looking into; disability, long term care, being two that are often overlooked.