Posts Tagged ‘elderly’

Judging Hearing Loss Before Buying Hearing Aids

November 26th, 2009 Chris Channing

A young child can hear a wider range of frequencies as compared to an adult- this is just a natural hearing loss that we accept as we grow older. For unknown reasons this is more prevalent in some more than others. Determining need for a hearing aid will help in diagnosing your hearing loss condition.

Knowing if you need a hearing aid sometimes won’t come from your own research- but the request of others. Those who get annoyed when they speak with you due to not being able to hear them well enough can lead to frustration. If you are constantly asking others to raise their voice, you should start thinking about perhaps going to get a checkup at the doctor. It will save your own breath, and prevent others from getting annoyed.

Even if you have decided to get a checkup with the doctor, it doesn’t mean you will need hearing aids. Sometimes the hearing loss is so mild that you can get by with a new routine in paying attention to others. A mild hearing loss of only 25 or so decibels can be lived with- while those over 50 decibels in hearing loss should start looking for options in treating it with a pair of prescription hearing aids.  Read more...

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Reverse Mortgage: The Pros and Cons

November 21st, 2009 Matthew Sanz

The reverse mortgage is a trend that seems to be hitting homes all over the country. And it’s happening at the same time that housing prices are soaring and interest rates are at their record lows. Let’s take a look at the reasons why despite the bad publicity that reverse mortgages had, they have managed to stay in the industry all these years to become the “in” thing for many borrowers today.

Once branded as predatory loans that took advantage of defenseless older people, the reverse mortgage took more beating when it was embroiled in scandals. But in the last decade, it has earned more credibility after legislation required more upfront disclosures of costs.

This is a mortgage product designed for homeowners aged 62 and older. Through this product, seniors can receive a loan against their home in the form of a lump sum, regular monthly checks or a line of credit. The loan is typically repaid with interest when the borrower sells the house, permanently moves, or dies.

Here are some of the reasons that borrowers resort to a reverse mortgage.

Pay Traditional Mortgages – Homeowners use a reverse mortgage to pay down their remaining debt on their traditional mortgages and use the remainder to fund other retirement costs.  Read more...

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Over 50 Life Insurance – Your Options

November 19th, 2009 Tyler Vaselli

Everyone is always looking for a good deal, whether it be on something small or something important such as over 50s life insurance. Especially in today’s economy, a good deal and good financial planning can go along way for you and your loved ones. This is the main reason why getting a good life insurance policy has become more and more popular as many have come to realize that benefits and peace of mind it offers knowing that your family is taken care in case something should happen to you.

The passing of a loved one is a very hard time for a family and all who were involved in that person’s life. It is hard to enough to deal with death, let alone the funeral and burial expenses associated with it. Many senior policies help to cover many of the unforeseen costs that occur at the time of the passing of a loved one.

If you are one of those who in their senior years and are afraid of facing death unprepared, obtaining life insurance for over 50s is one of the best options that you can benefit from.  Read more...

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