Barbara Farone – At the End, Comfort & Familiarity
Barbara and her husband, Vince, purchased long-term care insurance policies to protect their retirement assets. Four years later, Vince was diagnosed with a rare, degenerative brain disorder that caused gradual loss of speech and muscular control. The insurance gave Barbara and Vince the assistance they needed and maintained their assets. Unfortunately, Vince passed away at age 73, after a four-year health battle.
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Barbara Fosberg – A Peaceful and Dignified End
It was hard for Barbara Fosberg to watch her husband, Morton, suffer from Alzheimer’s disease. Morton was a very intelligent man, and the disease robbed him of his speech and memory. But thanks to long-term care insurance, paying for Morton’s care was never a problem. Home health care aides cared for Morton during the day, allowing Barbara to maintain her career as a lawyer. As the disease progressed, Barbara was able to move her husband to a small group home where she could visit after work and where skilled and loving caregivers could provide him with the level of care he needed. View full story
Barry Shore – Optimism and Planning Prevail
Barry Shore, a 55-year-old real estate executive, was enjoying a normal life when a rare neurological disorder struck suddenly, causing him to lose all movement in his body. Throughout his ordeal, money is one thing Barry and his family haven’t worried about thanks to smart insurance planning. Disability insurance payments have replaced more than half of Barry’s income. And long-term care insurance has provided more than enough to pay for in-home care as well as physical, occupational and water therapy. View full story
Lynda Striepe – Preserving a Secure Retirement
Allen Striepe was a respected school teacher until Alzheimer’s disease made him too sick to work. Long-term care insurance allowed his wife Lynda to hire a home health aide, so she could continue her teaching career. Five months later, Lynda could no longer care for him on her own and Allen’s insurance covered his stay in an assisted living facility and later in a nursing home. Though Allen died two years after his initial diagnosis, Lynda credits the insurance for getting her husband the care he deserved and preserving her retirement assets. View full story
Margaret Sweborg – The Will to Survive
Margaret Sweborg was always a very active and independent-minded person. Wanting to maintain her independence even if her health were to deteriorate one day, Margaret purchased long-term care insurance at age 66. That day arrived 13 years later when Margaret broke her hip and nearly died as she lay on the floor of her home for days, unable to call for help. No longer able to manage her own physical or financial affairs, Margaret relied on her step-granddaughter, Rindy, to take over. Rindy worked with Margaret’s agent to file the long-term care insurance claim. The money from that policy, coupled with some retirement savings, enabled Margaret to move to a first-rate nursing home. Without it, she probably would have spent down all her assets and sought inferior, Medicaid-funded care. View full story
Theresa Mollicone – A Burden Relieved
Months after his 65th birthday, Joe Mollicone suffered a stroke that left him partially paralyzed and unable to speak. Joe’s insurance starting paying and was enough to cover his home-care needs. Joe eventually reached his policy payout limit but continued to receive benefits because of his policy’s shared-care rider allowing him to tap into his wife Theresa’s benefits. Because of the couple’s wise planning, Joe received the care he needed and most of their retirement savings were preserved. View full story