If you are wondering why Karen continues to speak about the special care risks that women face, here’s why: More than 75% of long-term care home beds are occupied by women, many of whom suffer from a moderately severe dementing illness According to 2006 Census data, currently 4.3 million Canadians are seniors; one million are over 80, with two-thirds of them being women 4,635 people are [...]
And finally, another reason Karen continues to talk about cognitive impairment or dementia: A June, 2008 survey of 1,390 adults, commissioned by the Alzheimer's Foundation for Caregiving in Canada, and conducted by the pollster IPSOS found 6 in 10 Canadian baby boomers have experienced a mild form of memory decline in the past year symptoms of a disorder called Age Associated Memory Impairment (AAMI). AAMI, a [...]
Online Resource Centre Designed to Equip Canadians and Their Advisors Seeking Care Solutions The general public is becoming increasingly aware of the pervasive need for long term care planning and education in Canada. Between 2006 and 2026, the number of seniors is projected to increase from 4.3 million to 8.0 million. Likewise, the number of individuals aged 65 to 74 will almost double, from 2.3 million [...]
The percentage of Canada’s gross domestic product (GDP) spent on health services has been constant at about 10% for over 20 years, with about $148 billion - public and private funds combined - spent on health care in 2006. If it were spent equally throughout the year, national health expenditure would be approximately $17 million per hour. Karen's View: Yikes! Why then can't we get a glass of juice or [...]
I was privileged to be able to attend this the Million Dollar Round Table invitation-only event. The purpose of the interactive program: to explore the development of financial solutions to one of the most critical issues facing the financial services profession - the looming retirement crisis for baby boomers worldwide. Baby boomers were born between 1946 and 1964 and the first of them reached 60 last [...]
My time in New York was well spent, not only because of what I learned and who I met but mostly because it reinforced the issues and trends that I have been following, studying, researching, writing about and teaching. It also supported the re-branding of my company last fall to the Long Term Care PlanningNetwork! Canada has approximately 65 million fewer boomers than the U.S. but the opportunity [...]
Karen Henderson in the media More and more financial organizations see the value of educating their advisors about long term care planning, so these professionals can better serve an aging client base. One of these forward-thinking organizations is Mackenzie Financial. As the result of working with Mackenzie at their regional conferences across Canada in 2006, Karen was interviewed for the cover story of the January issue of The Mackenzie [...]
According to experts, women are most vulnerable to retirement insecurity, particularly to financial catastrophe late in life. Reasons: Women live longer then men, and often spend years outside the workforce raising children and caring for parents. Consequently, a divorce and/or a spouse's death can have a more dramatic impact. As one woman wrote to Karen: "I attended your seminar/information night hosted by Sunlife/Clarica. I was there [...]
My father was almost 94 when he died. Looking after him opened my eyes to a world I don’t want to move into – the world of the old. Everyone gets old. None of us should be surprised or angry; it’s a fact of life. But what’s also a fact of life is this: We don’t treat older people as people. We treat them as a [...]
WASHINGTON, Oct. 20 /PRNewswire/ -- The first of the nation's 78.2 million baby boomers turned 60 this year and an additional 7,900 reach that same milestone every day. With advances in medicine, most boomers can expect to live into their 80s and 90s, but experts warn that more than 95 percent of them are unprepared for eventual long-term care needs associated with living a long life. [...]
By People's Daily Online Some 12.7 percent of senior citizens in Beijing are willing to take out long-term care insurance, but there are just 1.52 beds for every hundred senior citizens, according to a report from the Beijing Municipal Council on October 19. The report shows that there were 2.02 million senior citizens in Beijing at the end of 2005. It is expected that this figure will be [...]
SEI Investments (Nasdaq: SEIC) has launched a revolutionary life and wealth program that will help advisors answer the demands of today's changing wealthy clients. SEI recognizes life-centric advice as one of the primary new demands of the growing wealth marketplace. The SEI Wealth Network was designed around what the company sees as an emerging new "Wealth Code" among the affluent - the intrinsic set of values [...]
