/24-7PressRelease/ - RALEIGH, N.C., September 17, 2008 - Dale Merritt, a financial advisor for Banyan Rock & Talent, a provider of financial planning and insurance services, advises investing in long-term care coverage for the baby boomer generation is a must to secure their financial future.
With the average life expectancy reaching age 90, according to Center for Disease Control (CDC), baby boomers should expect to live another 25 to 30 years. Researcher Peter Kemper, Ph. D. in the Department of Health Policy at The Pennsylvania State University, reports that 69 percent of seniors will require long-term care in their later days. "To maintain their current lifestyle, it is important to secure future financial stability through long-term care insurance," says Merritt.
Merritt suggests individuals that would particularly benefit from long-term care insurance are:
· Those who have a family history of needing long-term care.
· Those who will have a retirement income that would not easily cover the cost of in-home nursing care or care at a facility of choice.
· Those who wish to leave a financial legacy for family and/or charity.
"In-home nursing care averages $128 per day and nursing home care averages $3,110 per month," says Merritt. "Medicare and Medicaid do cover some expenses, but often do not cover all of the medical and other personal care services needed."
After counseling several clients who were burdened with covering the long-term care cost of their parents, Merritt investigated and joined the American Association for Long-Term Care Insurance (AALTCI). AALTCI is a national organization dedicated to promoting the importance of planning for long-term care needs.
"My first priority with clients is to provide them with investment advice, but I also have to look at their overall financial plans," adds Merritt. "The number of people using long-term care services has grown 40 percent during the past four decades. Having the ability to offer my clients insurance against potential financial drains such as long-term care is an important piece of a person's future."
For more financial planning tips, call Dale Merritt at (919) 782-0033 or visit http://www.dalemerritt.net .
About Dale Merritt:
Dale Merritt is a wealth Strategist with Banyan Rock & Talent. Having grown up in Zebulon, Dale is eager to provide financial opportunities to the community in which he was raised, offering real estate and retirement planning as well as other financial services to eastern Wake County. Merritt has several securities registrations including Series 6, 7, 63 and 66, as well as a Long-Term Care Insurance license and a Life Insurance license. Merritt believes in remaining active in the community. In addition to being part of the Zebulon Chamber of Commerce and the Knightdale Chamber of Commerce, he maintains active membership in the North Carolina Cattlemen's Association and the Appalachian State University Triangle Alumni Chapter. He and his wife, Katie, also volunteer with the Paw Prints Animal Rescue in Garner. For more information, call (919) 782-0033 or visit http://www.dalemerritt.net .
About Banyan Rock & Talent:
Based in Raleigh, Banyan Rock & Talent is a collaboration of registered reps with FSC Securities Corporation. Founded in 1986 on the philosophy that strength, growth and the diversification of their client's hard-earned money is made possible through knowledge, diligence and years of experience, Banyan Rock & Talent specializes in areas including stocks, bonds, mutual funds, variable annuities, retirement strategies, market timers, life insurance, disability insurance and applied real estate. All strategists are registered representatives offering securities through FSC Securities Corporation, a registered broker-dealer, and member of FINRA/SIPC. For further information, visit 3356 Six Forks Road Raleigh, NC 27609, or call (919) 782-0033.
About AIG Advisor Group, Inc.:
The AIG Advisor Group, Inc. is among the largest independent Registered Representative networks in the United States and consists of Advantage Capital Corporation, AIG Financial Advisors, Inc., FSC Securities Corporation and Royal Alliance Associates, Inc. that are all members of FINRA & SIPC. These independent broker-dealers, with more than 7,000 independent financial professionals, are all wholly-owned subsidiaries of American International Group, Inc. (AIG). AIG Advisor Group is a marketing designation for certain broker-dealers, and investment advisers affiliated with American International Group, Inc.
Securities and Advisory Services offered through FSC Securities Corporation, Member FINRA/SIPC. Banyan, Rock & Talent is not affiliated with FSC Securities Corporation or registered as a broker/dealer or investment advisor.
Media Contact:
Cindy Stranad
919.232.5008
Cindy@articulon.com
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- baby, banyan, boomers, care, dale, financial, insurance, long-term, merritt, planning, rock, talent
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