That’s why older Americans need to be especially careful and – in the case of the very elderly – family members may need to step in to make sure they are taking the right precautions, says Chris Orestis, the president of LifeCare Xchange and a national senior care advocate.
“As with just about everyone, coronavirus is touching all areas of the lives of seniors, from health to finances to how they socialize,” Orestis says.x
He offers a few tips on things seniors and their families can do:
Follow health guidelines.
“Despite the tragic deaths that occurred at Life Care Center’s nursing home in Kirkland, Wash., the nursing home industry has been working around the clock in every community to protect their residents,” Orestis says.
For owners of permanent life insurance policies, Orestis says, there are a couple of options to get liquidity from this asset.
Orestis is author of the books Help on the Way and A Survival Guide to Aging, and has been speaking for over a decade across the country about senior finance and the secrets to aging with physical and financial health.
