Have you ever read the children’s book Love You Forever, where the mother cares for her growing son until, as a grown man, the son cares for his aging mother? The story depicts a parent/child role reversal that many experience in real life.
Talking about aging with parents can be difficult. But being honest about the topic is important. To help guide the conversation, here are four common concerns you may face with an aging parent and tips on how to address them.
Decide on Living Arrangements Early
Multi-level homes or complicated floor plans might make everyday living difficult and dangerous for aging parents. Discussing it sooner rather than later, while parents are active and not in a distressed state, can help them ease into the idea of new living arrangements like a one-story home or assisted living facility.
If parents insist on staying in their current home, consider homecare and installing assistive equipment, like handrails, as needed.…
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They say that the only constant in life is change. And that’s true whether you’re 18, 80 or somewhere in between.
One thing to consider when life changes is your insurance coverage. Here are six common transitions that we can help you navigate.
You’re off to college.
With many policies, full-time students younger than 24 are automatically covered under their parents’ homeowners policy. Part-time students (or students who are 24 and older) may need to take out a renters insurance policy. If you choose to live in an apartment instead of a dorm, think about purchasing a separate renters insurance policy. (Learn more about renters insurance below.) When it comes to car insurance, you don’t need your own policy if you’re taking a family member’s car to school. If you’re a co-owner on the vehicle or if you own your own car, you probably need your own policy.
You’re renting your first place.… Read More