Page 8 - Jupiter Ocesan Mile - January '20

Page 8, Jupiter Ocean Mile
Financial Focus

Protect Yourself Against 90 days, or longer, before benefits kick in. You’ll want to shop can exceed the death benefit significantly. Hybrid policies can
vary greatly in several ways, so, again, you’ll need to do some
around for a policy that offers the combination of features you
Long-Term Care Costs think best meet your needs. Also, you’ll want an insurer that has research before choosing appropriate coverage.
demonstrated strength and stability, as measured by independent Ultimately, you may decide you’re willing to take the chance
By Sally Sima Stahl rating agencies. Here’s one final point to keep in mind: Long- of never needing any type of long-term care. But if you think
If you’re fortunate, you’ll live term care premiums get more expensive as you get older, so if that’s a risk you’d rather not take, then explore all your coverage
independently and in good health you’re interested in this type of coverage, don’t wait too long to options carefully. There’s no one right answer for everyone – but
throughout your retirement years. compare policies. there’s almost certainly one for you.
However, if you ever needed • Hybrid policy – A “hybrid” policy, such as life insurance This article was written by Edward Jones for use by your local
some type of long-term care, such with a long-term care/chronic illness rider, combines long-term Edward Jones financial advisor. Edward Jones, its employees
as a stay in a nursing home, would care benefits with those offered by a traditional life insurance and financial advisors cannot provide tax or legal advice. You
you be financially prepared? policy. So, if you were to buy a hybrid policy and you never should consult your attorney or qualified tax advisor regarding
To answer this question, needed long-term care, your policy would pay a death benefit your situation.
you may want to evaluate two to the beneficiary you’ve named. Conversely, if you ever do Call me for a free portfolio review at (561) 748-7600, Sally
variables: your likelihood of need long-term care, your policy will pay benefits toward those Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste. 106, Jupiter,
needing long-term care and the expenses. And the amount of money available for long-term care FL 33458.
cost of such care. Consider the following:
• Someone turning age 65 today has an almost 70 percent
chance of eventually needing some type of long-term care, Champagne ~ ‘Not Just
according to the U.S. Department of Health and Human Services.
• The average cost for a private room in a nursing home is
about $100,000 per year, while a home health aide costs about For New Year’s!’
$50,000 per year, according to Genworth, an insurance company.
Clearly, these numbers are worth thinking about. If you
needed several years of long-term care, the expense could By Laura Berrio, I recently traveled to Asheville, N.C. and joined
seriously erode your savings and investments. And keep in mind Freelance Writer/Blogger friends to check out a local Champagne bar, the Battery
that Medicare typically pays only a small percentage of long-term Cha m pa gne ha s Park Book Exchange and Champagne Bar.
care costs. Therefore, you may want to evaluate the following crossed over into the This Champagne bar absolutely delivered on creating
options for meeting these expenses: mainstream. I used to the experience. We enjoyed a bottle of Taittinger, Reims
• Self-insure – You could “self-insure” against long-term care only drink Champagne Champagne while nibbling on macaroons. We were seated
expenses by designating some of your investment portfolio for on New Year’s Eve, or at in a beautiful bar, surrounded by two floors of literature
this purpose. However, as the above numbers suggest, you’d special events requiring with jazz music performed live in the background.
likely have to put away a lot of money before you felt you were a toast. Now, I am What was going to be a quick stop to check out this
truly protected. This could be especially difficult, given the seeing a nice variety of establishment, turned into a two hour, laid back afternoon,
need to save and invest for the other expenses associated with Champagnes by the glass enjoying Champagne and catching up with friends.
retirement. offered at my favorite To keep prices affordable, Champagne bars offer a
• Long-term care insurance – When you purchase long-term restaurants. variety of Champagne by the glass, half bottle or bottle.
care insurance, you are essentially transferring the risk of paying Champagne bars are the new “in vogue” place to try If you are looking for a unique, fun, experience this
for long-term care from yourself to an insurance company. Some new bubbly! They create a sophisticated, yet affordable, weekend, check out the local Champagne bars in your
policies pay long-term care costs for a set number of years, experience for the Champagne lover. The idea behind the area and let me know what your new Champagnes are!
while others cover you for life. You can also choose optional Champagne bar is to create a relaxed, less pretentious ~ Cheers
features, such as benefits that increase with inflation. And most setting to enjoy Champagne. ~ Keep the conversation going and the bubbly flowing!
long-term care policies have a waiting period between 0 and
Pet Matters

by Pat Deshong, President of Furry Friends
Adoption, Clinic & Ranch

"For the Love of Animals" features real stories happening at
Furry Friends in Jupiter. We are The Humane Society of Greater
Jupiter/Tequesta and the only no-kill shelter open to the public in
northern Palm Beach County. We’ve been rescuing, rehabilitating,
and re-homing the homeless animals in our community for more
than 30 years. Our not for profit 501c3 organization consists of
our Jupiter based Adoption Center, Veterinary Clinic (open to the
public), Thrift Boutique, and Palm City Ranch.

When considering adding a furry family member to your family,
please visit our Palm City Ranch at 4841 S.W. Zarrella Street.
All of our adoptable dogs and cats are now at our ranch but by
the time you are reading this article, we may very well have furry
residents in our new Jupiter home at 100 Capital Street in the Jupiter
Commerce Park! Call us at 561-747-5311 ext. 2 for information!
Blessings to you for your support and faith in us… all for the
LOVE of animals!

Patricia Deshong, President

Progress with
our new building.
Please help us
get to the finish
line by donating This is what Furry Friends is all about…rescuing, rehabilitating,
today! Our clinic and giving homeless companion animals their best future… no
is now open at 100 matter how long it takes to find it. We invite you to come visit us!
Capital Street. Our website is www.furryfriendsadoption.org.
Our Adoption Furry Friends depends on the generous support from donors
Center will be like you. Without Furry Friends, the future of the many animals
finished soon!! we save would be uncertain. Thank you for donating and helping
us continue our animal saving mission.
If you would like to be a part of our new beginning, please Ways to donate (tax ID #59-2111273):
contact us. Like each nail, block, & tile, every donation, no matter 1. Mail a check made payable to Furry Friends to 100 Capital
how small, will help make our dream come true… All for the Love Street, Jupiter, FL 33458.
of Animals. 2. Visit www.furryfriendsadoption.org
Please visit www.furryfriendsadoption.org or call 3. Call us with your credit card information at 561.747.5311 ext. 3
561.747.5311 ext. 1 for more information. Ask for Pat Deshong, “Your donation creates the possibilities to make miracles
President, or Curry Krasulak, Director of Development. happen for our Furry Friends”
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