Long Term Care Insurance Pros Dane Petchul - Long-Term care Insurance Specialist

Dane A. Petchul

CLTC , LTCP

 

 

 

 

 

 

 

Nothing is more preventable than the swift and total financial devastation that comes from a long term care stay.

 

Suze Orman
"In You've Earned It,
Don't Lose It."

 

 

 

 

 

 

 

 

 

 

 

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The MetLife Study of Lesbian, Gay, Bisexual and Transgender Baby Boomers

 

Poised at the center of two waves of social change — a demographic one in which the U.S.
society is rapidly aging and a social one in which lesbian, gay, bisexual, and transgender
(LGBT) people are gaining civil rights and acknowledgement — are LGBT Baby Boomers.
Born between 1946 and 1964, the Boomers, both large in numbers and influence, through
social activism, helped redefine the American cultural, economic, political, and social landscape. In this single generation, the U.S. gay rights movement took social attitudes from
seeing homosexuality as a psychiatric condition to winning same-sex marriage rights and
the full acknowledgement of their civil rights in an increasing number of states.

 

All Boomers share the reality of belonging to the influential Baby Boomer generation, but
contrasts in experiences faced by members of the LGBT community have resulted in some
stark differences between LGBT Boomers and general population Boomers. At the same
time, striking similarities are also found between LGBT Boomers and general population
Boomers, including shared fears of aging and caregiving responsibilities. Members of the
general population are more likely to be in a couple/partnership, but are less likely to say
they rely on close friends for advice and support, etc. These and many other elements are
explored in the MetLife study, Still Out, Still Aging, which reflects the shared attitudes and
yet unique viewpoint of LGBT Boomers.

 

Building on a groundbreaking 2006 study on the same subject area on the LGBT population alone, the MetLife Mature Market Institute and the American Society on Aging expanded its scope through a nationally representative survey of just over 1,200 LGBT 45- to 64-year-olds and a comparison group of 1,200 Baby Boomers drawn from the general population. Although there is no way to predict the future, asking LGBT Baby Boomers about their plans, fears, and hopes about aging is a good way to begin assessing what aging might look like for this cohort

  • 60% of LGBT Boomers fear being unable to care for themselves as they age: 35% fear of becoming dependent on others.
  • Nearly two-thires of LGBT Boomers say they have a "chosen family," a group of people they consider family, even though they are not leagally or biologically related
  • Nearly half of the LGBT Boomers and four in ten Boomers from the general population say they don't expect to retire until age 70 or older.
  • Men in both the LBGBT and general population are nearly as likely as women to be giving care to another adult.

 

 Still Out, Still Aging - combined - chosen family & relationships

 

Click Here To View: Still Out, Still Aging

 

Planning Tips

 

 

A Long-Term Care Specialist can help you design a plan that is appropriate for you or for you and your partner. For a no-obligation consultation and a side by side comparative quote unique to you, Contact LongTermCareInsurancePros.


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