Suze Orman is a fan of Long Term Care Insurance especially when people are getting re-married later in life. Suze Orman says that when people re-marry later in-life they often have assets that they or the family want to keep protected in-case their new spouse needs long term care such as in a nursing home. A trend is sweeping through America for older Americans who are getting married later in life that there future spouse get long term care insurance before they take a walk down the aisle.
Suze Orman says that Prenuptial agreements are popular with brides of a certain age (40-plus), who often have accumulated assets, careers, and lifestyles they want to protect. Now there’s a new prenup wrinkle, a clause specifying that hubby-to-be get a long term care insurance policy before walking down the aisle.”
According to Suze Orman, there were 2.4 million marriages in 2014, and the number is expected to increase in 2015 and beyond. As more and more people see parents and family members exhaust their life’s savings because of a lack of long term care insurance, couples before they are getting married are making each other purchase a long term care insurance policy says Suze Orman.
Suze Orman Long Term Care Insurance says who wants to play nurse for a loved one if it can be prevented cost effectively, so as each year passes more and more people are buying long term care insurance for themselves and their spouse. Keep in mind that once you are married you will be eligible for the spousal discount which can save you up to 40% off the annual premium.
Suze Orman says one of the best things you can do to prevent needing long term care in the first place is exercise! She works out five days a week at her home gym using the boyflex machine, yoga, free weights and is an avid runner. Suze Orman says when you do resistance exercise it helps keep the joints active and the muscles moving. Joint related issues and a big Long Term Care claim. So if you do decide to get re-married get long term care insurance and exercise with your new spouse as it is important to ensure people are able to maintain their independence.