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Podcast Transcript – Karen Henderson
Karen Henderson is our guest expert to talk about planning and paying for long term care.
Karen believes people do not want to think about the time when, as they age, become chronically ill, and may need long term care. Unfortunately, however, the reality is that according to Statistics Canada, about 50% of those who reach 75 will need long term care. More unfortunate realities:
- Too many Canadians think the government will look after them when they become ill and unable to care for themselves
- Three quarters of Canadians (74 per cent) admit they have no financial plan to pay for long-term care if they needed it
- The 2014 Sun Life Canadian Health Index found forty-seven per cent of respondents worried about needing more long-term care than they have the money for, while 45 per cent worry over about outliving their savings.
During our conversation, Karen helps us explore questions such as:
- Why should women be especially concerned about long term care?
- Why aren’t we planning for long term care?
- How much does long term care cost?
- How do I know if I will need long term care?
- How worried should I be about Alzheimer’s disease?
- How can I fund my long term care?
- What triggers a claim?
- Why would someone consider buying long term care insurance?
About Karen Henderson
Karen Henderson – Founder/CEO Long Term Care Planning Network
As the result of a challenging 14 – year dementia care experience, Karen Henderson founded the Long Term Care Planning Network, Canada’s leading on and off-line resource centre for aging and long term care. Her seminar series, web sites, newsletters, TV/video series and Long Term Care Planner are internationally recognized as key aging and long term care educational and resource tools.
Karen is now a well-known educator, speaker, writer, media commentator, publisher and consultant in the field of long term care. She has been published in leading geriatric journals in Canada and has spoken across Canada and in the U.S. to a wide variety of organizations from hospitals to law firms.
Karen has been featured frequently on television and radio and has written many articles about her personal long term care experience. In 2006 Karen became a Stephen Minister, then a Stephen Leader in her church, roles that have further trained her to work with individuals struggling with aging, grief, loneliness, hospitalization or a terminal illness.
How Karen Can Help
- She can consult with you/your family regarding accommodation options, home care, dementia care and family communication issues
- She can guide you through the long term care planning process
- She can educate you regarding the role of long term care insurance in your financial planning
Karen has also created seminars, keynote presentations and lunch ’n learns for organizations across Canada ranging from law firms to small caregiver support groups.
The Long Term Care Planning Network
Long Term Care Planning Network is Canada’s first advisor-only web portal for aging and long term care planning and education. We are way ahead of the wave of change that is coming to Canada’s aging population and have quickly become the premier resource for long term care planning. The quality and breadth of professional resources that you find here is not available anywhere else.
Not surprisingly, financial advisors, lawyers, accountants and health care consultants are turning to us as their chief resource for the latest information, resources, tools and expertise to equip both themselves and their clients for the inevitable challenges of aging and long term care.
Long Term Care Planning Network is a working collaboration among individuals who understand the demands of long term care planning, who are passionate about the need for better long term care education and who have the ability to create a unique selection of the highest quality education materials and tools available today.
Their goal is to be the leader in long term care education for those professionals who advise mature individuals – to ensure these advisors remain current and confident in their ability to guide clients through the complexities and mysteries of the long term health care system today, and for many years to come.
2 Oaklawn Gardens, Unit C
Toronto, ON M4V 2C6
Canada
416.323.1090 | info@ltcplanningnetwork.com Visit Website
