Jun 13, 2013

Preventing Alzheimer's Patients from Canceling Insurance Policies

Does you loved one living with dementia have outstanding insurance policies, annuities, or long term care policies? Is it possible that without your knowledge they might cancel the policies, allow them to default, or sell to someone that is taking advantage of them?

By Bob DeMarco
+Alzheimer's Reading Room 

Does your spouse or parent have outstanding insurance policies, annuities, pension plans, or long term care insurance policies?

Have you ever given thought to what might happen if they pick up the phone and cancel something like a long term care insurance policy? Or worse, what if they have a life insurance policy and sell it to someone at price well below its fair market value?

These kinds of things happen more often than you might think to Alzheimer's patients and their families.

I would suggest you take the time to read this story in the New York Times - Preventing Lapses in Long-Term Care Policies. A good example of what can happen.

After you read it you might start assessing any risks you might have, and make sure you insulate yourself.

I wouldn't wait.

Like I have said over and over, persons living with dementia are capable of more than we can imagine. They can do more than we can imagine. And if you are not careful, they will do it.

Like Sister Raymond Mary use to say - a word to the wise is sufficient.

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Bob DeMarco
Bob DeMarco is the Founder of the Alzheimer's Reading Room (ARR). Bob is a recognized Influencer, speaker, and expert in the Alzheimer's and Dementia Community Worldwide. The Alzheimer's Reading Knowledge Base contains more than 4,000 articles, and the ARR has more than 343,000 links on the Internet. Bob lives in Delray Beach, FL.
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