As my own mother is aging and needing more assistance in her home, my brother and I are beginning to explore various long term care facilities for her and my stepfather. I am so glad that a decade ago she and I decided that she should invest in Lincoln’s MoneyGuard Long Term Care product. This product is a combination of a cash value life insurance policy and traditional long term care insurance.
Every aspect of handling our aging parents’ futures can provoke tremendous stress. We are often in denial about their increased vulnerability as well as their reduced decision-making abilities. We, as children, are suddenly placed in the role of caring for our parents, who for many until only recently were our caregivers. This exchange of roles intensifies not only our parents’ feelings of helplessness, but also our own feelings of guilt.