As you know, last week and this I have been off moving to my more modern home. I will be back full speed on Monday, July 12.
Thank you for working with Justin during my time out – I do appreciate your cooperation.
So, since today is a day off and taking the “did you know” theme from my LTC Coffee Break webcast subject matter for the summer, I have a did you know.
Can you name the song written by Paul McCartney and Elvis Costello that was released in 1989 that was inspired by Elvis Costello’s grandmother who was dealing with Alzheimer’s?
In an interview, Elvis shared that his grandmother had “terrifying moments of lucidity” that helped inspire the song Veronica. Rake 3 minutes to watch the video.
Remember, Alzheimer’s is a devastating disease that more than 6 million people are living with it today; by 2050, that number is expected to reach 13 million. And, after diagnosis, people live on average 4 to 8 years, but some live as long as 20 years.
Another did you know – nearly half of all caregivers provide help to older adults living with Alzheimer’s or some form of dementia. And, of the lifetime cost of care for someone with Alzheimer’s, 70% is borne by the families through out-of-pocket health and long term care expenses.
These statistics come from the Alzheimer’s Association. For more information go to the Alzheimer’s Association website at https://alz.org
So, when someone asks why long term care planning is important and why we, at OneAmerica, discuss lifetime benefits – think about the financial, physical, and emotional toll that long duration maladies introduce to your clients and their families lives. Because ultimately, a long term care need impacts every generation.
Remember, every Tuesday night at 7pm is our virtual consumer seminar – the Great Retirement Income Gap. This is a product neutral conversation about how a long term care event can impact a retirement income plan. For more information, go to the LTC Coffee Break website at https://ltccoffeebreak.com/virtual-consumer-seminar
If you have any product questions or require illustration assistance, please contact Justin Fox at (844) 658-3725 or justinfox.isp@oneamerica.com.
Fridays with Fisher 