Following burnout among long-term caregivers as a result of the pandemic, nearly 240,000 caregivers or 15% of the nursing home workforce have left since 2020 in an event that’s being called “The Great Resignation”: (Source: Federal Reserve Bank of St. Louis) To expand on this finding, a June 2022 survey by the American […]
How Nursing Home Staffing Shortages Affect Seniors Read More »
In 2024, the median cost of a a private room in a nursing home is $9,872 per month or $8,641 for a semi-private room. Annually, this amounts to over $100,000 a year which is high enough that even seniors with a good monthly retirement income may struggle to pay expenses. So what happens if
How to Avoid A Nursing Home Taking Your House Read More »
Even with adequate retirement savings, individuals may find it difficult to pay for assisted living costs and seek solutions from the government. To help you understand your options, we’ll explain the role of medicaid and medicare when paying for assisted living. Plus, get other helpful information on covering these costs.
Does Medicaid Pay For Assisted Living? Read More »
Medicaid is a government program that provides healthcare benefits and financial assistance for low-income individuals including children, parents, seniors, and people with disabilities. The program is jointly funded between the states and federal government, and each state operates their own Medicaid program with unique benefits available for eligible individuals. While Medicaid benefits vary by state,
Medicaid Estate Recovery: Explanation, Process, & How to Avoid Read More »
See the cost of term and whole life insurance policies by age and gender, plus other helpful information you should know.
Life Insurance Rates By Age for 2025 Read More »
The primary purpose of life insurance is to act as a safety net, to ensure loved ones have the financial resources to care for themselves after you’re gone. However, life insurance needs change over time and you may find yourself wondering how much coverage you should carry at various stages in your life. While you’re
How Much Life Insurance Do I Need? Read More »
While most people associate life insurance with the death benefit used to provide a financial safety net for loved ones, many policies also offer financial benefits that can be used for retirement planning. To help you get the most value out of your policy, we’ll discuss how you can use life insurance in your retirement planning.
How to Use Life Insurance in Your Retirement Planning Read More »
Adverse selection is a concept with a widespread impact on the insurance industry. Learn everything you need to know about adverse selection in this helpful guide.
What is Adverse Selection and Why Does It Matter For Life Insurance? Read More »
Life insurance is a long-term asset. Over the decades a life insurance policy is in force, your client’s financial situation is likely to evolve. Sometimes, that evolution is so significant that the existing life coverage is no longer a good fit.
Financial Advisors: Should You Use a 1035 Exchange to Optimize Life Insurance? Read More »
An inforce illustration is an estimate of how a life insurance policy’s cash value balance will change over time. The illustration can be incredibly useful in your financial planning, because — unfortunately — life insurance policies can go sideways.
What Is An Inforce Illustration and Why You Should Request One? Read More »
Harbor Life Settlements, LLC is not a licensed broker or purchaser of life insurance policies. Harbor Life Settlements, LLC is an advertiser that refers qualified policyowners to licensed purchasers of policies. Harbor Life Settlements, LLC does not advertise to residents of Alaska, Kansas, Nebraska, New Hampshire, North Dakota, Vermont, and West Virginia or refer such residents to licensees. Do not proceed if you are a resident of these specific states.
