What Should I Do If My Car Is Irreparable?

While financial assessments are not yet required, there are steps seniors can take to protect themselves against default. To ensure that one’s insurance and taxes get paid, seniors can set aside a portion of their proceeds to cover these costs. When a senior chooses this option, his or her loan servicer will be the one to handle all insurance and tax payments.

Over the years I have seen some very creative and innovative Private Pay agency owners create truly unique services that were well received by their communities. One agency had a very viable service line in cruise companions. They had a high end senior population that were used to cruises, but because of declines in health and abilities, many of the seniors could no longer travel. The agency developed a contract with a major cruise line where they provided the personal care workers or aides that accompanied the senior on the cruise. The client paid for all the related cruise expenses as well as the daily live-in rate for the aide. Reportedly a great time was had by all.

In addition to the special discounts, seniors are able to build up their confidence in driving a vehicle if in the event they have scaled back or quit driving a vehicle entirely. It is an effective way to continue to be fresh on driving laws and attain the freedom once had.

Policy Understand that every state or country enforced conditions vary for liability coverage. You can reduce your payments if you keep to the minimum policy coverage needed, associated your state's requirements.

Regardless of all the upheaval, LTCI is undergoing some sort of “reboot”, with many advantages for consumers in mind. Consider the present LTCI as “Long Term Care Insurance 2.0” or “LTCI 2.0.”