Planning for Senior Life Insurance Makes Good Sense
Fitness does not just happen. Fitness is a challenge, a habit, and commitment. Although you have already made important decisions regarding senior life insurance, Medicare benefits, and retirement living, your next step is to focus on ways to stay healthy during the second half of your life.
Staying fit after 50 can be a challenge, but it’s not impossible. In addition to making the necessary decisions and choices about what Medicare supplement policy to purchase, the healthiest individuals make measurable fitness goals for themselves, including:
Eating one and a half to two servings of fruit a day.
Eating two to two and a half cups of vegetables a day.
Cutting sodium intake - avoiding premade and prepackaged foods will help with this goal.
Exercise for 30 minutes a day at least four times a week - this can be as simple as a walk around the lake or as intense as a regular running routine.
Limit red meat consumption and instead focus on the healthy fats in fish and plants.
Engaging in meaningful and thought provoking conversation, reading, and other mental activities.
Staying social. Even though their children no longer live with them, these people find time to spend with others of all ages, whether it be at church, on the golf course, or volunteering at a school or hospital.
Getting a good night's rest every night.
Take Care of Yourself, Then Take Care of Your Future
Making the decision to stay healthy after 50 is the first step in leading a productive life through retirement and beyond. In addition to healthy habits and a healthy lifestyle at 50, it’s also the age where many Americans begin to make financial decisions and plans that will provide for their future health coverage. By the time Americans are 55 years old, for example, their mailboxes and email lists most likely have included several informational pieces about registering for Medicare.
Managing healthcare expenses as people age can be a challenge. A thorough examination of Medicare options in different states can help individuals decide Medicare Supplement options that make the most sense for their needs. According to a Gallup study in January of 2015, 40% of Americans under 65 have healthcare coverage that is employer-based. This changes as people reach the 65 year mark when Medicare eligibility begins.
In addition to deciding on healthcare coverage, senior life insurance options are also considered by many after the age of 50. For people who did not already have adequate senior life insurance, it is good to know that policy options are available at almost any benefit amount. The choices can range from benefits that pay as little as $10,000 to benefits that pay in the millions.
Finding Ways to Balance Physical Fitness and Economic Fitness
It is difficult to determine what is more important: staying physically fit long enough to enjoy the financial benefits you have worked, invested, and saved for or having enough economic fitness to insure a comfortable life until the last day. The best answer, of course, is a combination of both physical fitness and economic fitness. Since we cannot possibly know the number of our days here on this earth, we need to financially plan for the longest life imaginable.
As reported by National Public Radio in February of 2016, in the 1920s there was a four-and-a-half year life span gap between women at the top of the economic scale and those at the bottom. In simple terms, the women in the higher income brackets lived longer. Reexamining data of those born 30 years later, however, indicates that this gap is widening. For women born in the 1950s it appears that the difference in the number of years between the low and high ends of the economic scale have increased to 13 years. In men the life expectancy gap was six years for those born in the 1920s and 14 year years for men born in the 1950s.
The author of the report, Gary Burtless, indicated it is possible the difference in life expectancy might be attributed to more healthy and scheduled lifestyles of wealthy people, allowing for proper exercise and nutrition. Interesting to say the least. Perhaps it really does make sense to make plans for senior healthcare in an effort to make the most of senior life insurance investments.