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Brought
to you by:
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| Hurlbut Insurance Services
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About Our Firm:
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Bringing you 39 years of experience to help meet your needs in the areas of life insurance, health insurance, disability insurance, long term care insurance, cancer insurance, fixed annuities, group insurance and employee benefit plans.
You may also want to check out HEB Health Insurance for no obligation health insurance quotes.
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| QUOTES from
the
Masters... |
| On Preparation |
On Worry/Fear |
| "Nothing
is more powerful for your future than being a gatherer of good ideas
and
information. That's called doing your homework." -– Jim
Rohn
"From
product knowledge springs the expertise to work with clients in the
effective
and professional manner that earns high income. Invest ten minutes
daily
reviewing your product information or using your product so you know it
inside and out." -– Tom
Hopkins
"It
is better to be prepared for an opportunity and not have one than to
have
an opportunity and not be prepared." -- Whitney
Young, Jr. |
"Positive,
continuous action toward your goals is the very best antidote to
worry."
-– Brian Tracy
"As
the ostrich when pursued hideth his head, but forgetteth his body; so
the
fears of a coward expose him to danger." -- Akhenaton
"He
who fears being conquered is sure of defeat." -- Napoleon
Bonaparte
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Health Care in
Retirement
The Need...
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The rising cost of
health
care in the United States has become one of the primary risks to a
financially-secure
retirement. With health care costs expected to continue
increasing
faster than inflation, the time to plan for your future health care
needs
is now…before you retire.
Your ability to enjoy
a financially-secure
retirement can be enhanced by planning for future needs such as:
| Long-Term
Care Services: Are you familiar
with the variety of long-term care services available? If it
becomes
necessary, what type of long-term care services would you prefer?
How will you pay for any needed long-term care services? |
Advance
Directives: Have you
communicated
your medical care wishes in the event you suffer a catastrophic medical
event? Have you named someone else, a spouse or other family
member,
to make medical decisions for you in the event you are incapacitated? |
Paying
for Health Care in Retirement: Do
you know what your out-of-pocket health care costs might be after you
retire?
Are you aware that Medicare, while it covers many health care costs,
has
significant limitations? Are you familiar with the various types
of insurance that can help pay health and long-term care costs not
covered
by Medicare? |
Did
You Know...
- In
2004, men reaching
age 65 had an average additional life expectancy of 17.1 years, while
women
reaching age 65 could expect to live an additional 20.0 years on average.
(Source:
A Statistical Profile of Older Americans Aged 65+, U.S. Department of
Health
and Human Services, July 2008)
- While
estimates vary,
a couple retiring at age 65 without private health insurance from a
former
employer can expect to pay significant out-of-pocket health care costs
during
their retirement years. Fidelity
Investments, for example, estimates that a 65-year-old couple retiring
in 2008
will need about $225,000 to cover medical expenses in retirement, a 4.7%
increase
from the 2007 estimate of $215,000. The
estimate does not include costs of dental care, long-term care or
over-the-counter
medicines.
(Source: The Rising Cost of
Health Care and Your Retirement, Fidelity Investments, 2008)
- At age 65,
people face at least
a 40% lifetime risk of entering a nursing home at some point in their
lifetime
and about 10% will have a stay of five years or longer.
(Source:
AHIP, A Guide to Long-Term Care Insurance, 2004)
- The
average
daily rate in 2008
for a private room in a nursing home was $212, about the same as in
2007. (Source: 2008 MetLife Market Survey of Nursing Home
& Assisted Living Costs)
- The average
length of a nursing
home stay is about 2.4 years. (Source: CDC/NCHS Health Care
in America, Trends in Utilization; U.S. Department of Health and Human
Services; January 2004)
- At an average
daily rate of
$212, an average nursing home stay of 2.4 years currently costs about
$186,000.
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If you
would like assistance in planning
for your health care needs in retirement, please contact my office.
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| MESSAGES
from
the Masters... |
YOUR
SECURITY by James Ray
"Your
security lies in your power to produce!"
I was
speaking with a young man today at the gym about the idea of security.
He made the comment to me, "It must be nice to be in your position
James,
to have created a career with such security."
Like
so many, what this man failed to realize is that security in position
or
bank account are absolutely false. I coached a couple some time ago,
and
her big thing was "paying off all debts and paying cash for everything."
How
often do we measure our "security" by the digits in our savings account
or checkbook? By our income or salary? By having a certain title or
award
in our business? By having a certain romantic relationship? A certain
degree
or education level? The list is endless.
NONE
of these things are true security -- only a temporary illusion. So many
times I have felt "secure" in some of the areas above, only to have
some
unexpected event come along and take the wind out of my sails. I bet
you
have experienced this as well -- haven't you?
I looked
this bright young man in the eyes and said, "Security is a state of
mind."
True
security comes from knowing that you have the power to produce. That
you
have full access to a greater source than yourself -- a totally
unlimited
supply of energy and goodness within our universe. This power can more
fully work through you as you develop right thinking and right action.
Henry
Ford was once asked, "What would you do if all your success and riches
were taken away tomorrow?" He wisely responded, "I would find a human
need
and fill it -- and I would be a millionaire again in 5 years or less."
Let
me challenge you this week to "judge not by appearances." You are
secure
- Right Now! Know it and Claim it!
"The
greatest asset you have to constantly preserve, maintain, enhance and
develop
is your own capabilities." Greater than any digit in a checkbook,
title,
relationship, or present circumstance.
Develop
yourself, and your results will flourish -- no matter what life throws
your way. This unlimited power will be able to work and produce more
fully
through you.
"Your
security lies in your power to produce."
Make
your life Magnificent.
Continued
success,
James
Ray
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The purpose
of this newsletter
is to provide information of general interest to our clients, potential
clients and other professionals. The information provided is
general
in nature and should not be considered complete information on any
product
or concept described. For more complete information, please
contact
my office at the phone number above.
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