81
The age an average 65 year old male will live to.
84
The age an average 65 year old female will live.
0
Amount saved for retirement by nearly 50% of all American workers.
40
Percentage of total covered by Social Security that retirees need to live comfortably.
Van Beurden Now is the plan for people who didn’t plan for this – we make it easy to get all your ducks in a row. And for those who saved and invested, Van Beurden Now can be a truly convenient solution – a way of putting all your eggs in different baskets, but being able to count on them before they hatch.
Van Beurden Now is really a whole new way of thinking about the next third of your life. After all, longevity has increased. If you’re 50+, you’re healthier, happier and better off than any generation that came before you. You’ve been more productive all your life and you have more to show for it. The question is, what steps should you take now to be sure that your life remains as healthy, happy and comfortable in the future?
That’s where Van Beurden Now comes in. You already know Van Beurden Insurance. One of California’s largest insurance agencies with branches all over the state, Van Beurden is also one of America’s Top 100 agencies, and has been for years. Van Beurden Now is an important new division of the agency with management and support staff that is specially trained in issues facing people 50+, and expert at devising complex insurance and investment plans that meet the test of the marketplace and the rigorous regulations of the State of California.
Your financial health should be as rosy as your outlook for what many intend to be the best years of their lives. Success in this arena takes planning and the knowledge of what works, and why some approaches are better than others. So if you’re 50+ (or you know someone who is) you owe it to yourself to explore Van Beurden Now to learn how it can benefit you today, and for years to come.
When it comes to people 50+ there are five key areas where Van Beurden Now excels.
Medicare Supplements
Medicare Supplements are health insurance policies that fill gaps in original Medicare coverage. Medicare Supplement policies help pay your share (coinsurance, copayments, or deductibles) of the costs of Medicare-covered services. Some Medicare Supplement policies cover certain costs not covered by original Medicare.
When you are in Original Medicare and you have a Medicare Supplement policy, Medicare pays its share of the Medicare-approved amounts for covered health care costs. Then, your Medicare Supplement policy pays its share. Also, Medicare Supplement policies are different than a Medicare Advantage Plan, which is like an HMO or PPO. Medicare Supplements are not a way to get Medicare benefits.
Long Term Care
Long term care is a variety of services that includes medical and non-medical care to people who have a chronic illness or disability. Long-term care helps meet health or personal needs. Most long-term care is provided to assist people with support services for activities of daily living like dressing, bathing, and using the bathroom. Medicare doesn’t pay for this type of “custodial care.” Custodial care (non-skilled care) is care that helps you with activities of daily living.
Every year about 9,000,000 men and women over the age of 65 need long-term care. By 2020, 12 million older Americans will need long-term care. Most will be cared for at home; family and friends are the sole caregivers for 70 percent of the elderly. A study by the U.S. Department of Health and Human Services says that people who reach age 65 are likely to have a 40% chance of entering a nursing home – and about 10% of the people who enter a nursing home will stay there five years or more.
Long-term care can be provided at home, in the community, in assisted living or in nursing homes. You may need long-term care at any age. There are a number of ways to pay for long-tem care, but it is important to think ahead about actually funding the kind of long-term care you want. Generally, Medicare doesn’t pay for long-term care – it pays only for medically necessary skilled nursing facility or home health care, and there are rigorous conditions you must meet for Medicare to pay for these types of care.
Annuities
Annuities can be considered the opposite of life insurance. While life insurance protects you financially against an unexpected early death, annuities protect you from the financial risk of living too long and outliving your money. Annuities are a special form of investment that is a contract between the investor and the insurance company that states that the insurance company will pay you a series of payments for either a specific period of time – or for the rest of your life.
In the past, a life annuity contract consisted of a person paying an insurance company a specified amount of money in exchange for the guarantee that the insurance company would make periodic payments to this person for the rest of his or her life, thus ensuring that this person wouldn’t outlive his or her money.
Final Expenses
Most people don’t like to think about it, but people 50+ should. You owe it to yourself and your family to plan what your funeral will be like and how it will be paid for.
According to a survey by AARP, 34% of the 50+ population has done some pre-planning and 23% have pre-paid a portion or all of the funeral or burial expenses for themselves or someone else. That translates into 20 million people age 50 or older who have already paid some funeral expenses –a traditional funeral, including a casket and vault, costs thousands of dollars – additions such as obituary notices, flowers and limousines easily run up the total to over $10,000.
Planning and pre-payment of final expenses allows you to make arrangements for some or all of your own funeral, down to every detail. Planning and pre-payment relieves your family of significant stress and uncertainty over arrangements. It may even head off arguments among family members over what you wanted for your services and burial.
If you choose to pre-pay your arrangements, many funeral directors will offer a price guarantee. That means you can lock in today’s prices no matter when your funeral is held in the future. With funeral prices only destined to go up, this is a smart choice.
Estate Planning
Estate planning is a careful process that involves your family, other individuals and, in many cases, charitable organizations of your choice. It also involves your assets – your property – and the various forms of ownership and title that those assets may take. Estate planning addresses your future needs – and enables you to designate someone to manage your assets and make health care and personal care decisions for you if you ever become unable to do so for yourself.
Many people wrongly think that estate planning only involves the writing of a will. Estate planning, however, should also involve financial, tax, medical and business planning. If you don’t plan ahead, a judge will simply appoint someone to handle your assets and personal care. Your assets will be distributed according to a set of rules known as intestate succession. An estate plan gives you much greater control over who will inherit your assets after your death.
If your estate is small, you may simply focus on who will receive your assets, and who should manage your estate, pay your last debts and handle the distribution of your assets. If your estate is large, your lawyer will also discuss various ways of preserving your assets for your beneficiaries and of reducing or postponing the amount of estate tax which otherwise might be payable after your death.
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