Tuesday, December 29, 2009

Will You Need Long-Term Care Insurance?

The National Real Estate Investor website reports that many seniors are having difficulties paying rent, even in housing that is specially for seniors.

According to the article, the mediun annual income for seniors is $18,000 to $20,000. The average cost of assisted living is $35,000. Also, seniors who remain in their own homes have higher mediun incomes, from $22,000 to $30,000, and a higher net worth. Still this is a shockingly low amount to live on with prices what they have become in the last few years.

For the first time, the continuing care communities which had huge upfront fees offer a better financial solution. They go on to say that it is unclear how the seniors are managing to make ends meet. Less than 8% receive help from their adult children.

Long-term care insurance has helped a number of them to survive, with 9 to 14% of of them paying all or part of their assisted living costs with it. This makes such an insurance policy very useful, and may be something to consider for us baby boomers as our time to be concerned about this is imminent.

For more information about Long Term care insurance, SC Homeowners insurance or car insurance for Myrtle Beach, visit www.carolinapolicies.com or contact Scott Todd's Allstate office in North Myrtle Beach.

Sunday, December 20, 2009

Demand for Pet Friendly Condos and Hotels Increases

As more people buy vacation homes, and with more "snowbirds" coming down every year, the demand for pet friendly condos in Myrtle Beach has grown, too. Doggy parks are not as rare as they once were, and seldom can you look out on the beach without seeing several dogs enjoying the sand and water as much as their owners. Several of the Myrtle Beach car insurance companies are offering free pet coverage, and funeral homes now pick up beloved pets from the vet's office for cremation, complete with urns and sympathy. We love our pets dearly, and Myrtle Beach is aware of the fact.

More condos are starting to offer pet options, especially for smaller dogs, cats, and in the off-season.  The website mentioned above has a list of every one we've heard of, as well as hotels for kids and Myrtle Beach Boardwalk condos.