For many people, the new year brings lots of ideas for things to accomplish, habits to quit or form, things to learn, places to go, money to save or spend, etc. We call these New Year’s resolutions. Come January, with the best of intentions, we list them out and get to work on them. Unfortunately, about mid-February, we may not even remember what we did with the list.
Over the last several years, the concept of choosing one word to focus on throughout the year, has become popular. The idea is that instead of trying to focus on multiple resolutions, focusing on one word may be more effective and long lasting. You might think “wait a minute, what about all the things on my list? I can’t just focus on one word!” Maybe you can.
Hybrid is a popular concept, it applies to all sorts of products and processes these days. It’s the mixing of two usually distinctly different ideas or functions and blending them together. The idea is to create a more effective and efficient end-result. So, what about a hybrid of the typical resolutions list and the one-word concept?
Try this: List everything you want to accomplish. Separate them into a few categories, i.e., health, finance, family, spirituality, learning, etc. Next list the actual actions it will take to accomplish the items on your list. You may be able to combine some resolutions because they will take like actions. Now take a step back and see if there are similarities in the actions you listed and what it is going to take for you to take those actions. Is there a common idea, action or area of focus that comes to mind? Can it be put into a word or short phrase? Some examples: Focus, Do It Now, Courage, Faith, Organization, Health, etc. Using that one word as your action focus, may make the resolution list less daunting and more attainable.
Speaking of hybrids; many people are concerned about what their family will do in the event of their death. Many are even more concerned about the need for nursing home care and the financial effect that would have on their family. The average cost of nursing home care is $86,000 per year. If needed, that can decrease assets very quickly.
It is common for people to think that nursing home insurance and life insurance are too expensive. However, there is a hybrid product that combines life insurance and living benefits such as care in the home, assisted living, respite care, adult day services and nursing home care. It takes a lot of hard work and discipline to accumulate savings and retirement income. A hybrid life insurance/long term care policy will help you preserve those assets. A definite plus with this hybrid policy is the face value will be paid out either as a death benefit or for needed care; or a combination of the two so you don’t have to worry about wasting the money you invested in the policy.
Contact Senior Insurance Options to learn about this valuable protection.
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