Risk Factors of Poor Health Among the Elderly

As we age our immune systems become weaker and illnesses can affect us more frequently. Specific risk factors that can have negative effects on health as we age include things such as lack of social interaction, lifestyle habits, injury, and financial issues.

Social isolation in an often-overlooked risk factor that can lead to serious illness, or other issues in seniors. Depression among the elderly can go undiagnosed and is estimated to affect between 2 and 15 percent of individuals over the age of 65. Social interaction and medical attention can improve well-being and is vital to maintaining a high quality of life into your golden years.

Studies have shown that poor health choices in your youth can often translate into poor health as a senior. Tobacco use, for example, is a well-known contributor to several forms of cancer and lung disease; while poor nutritional habits can lead to major heart issues and potentially fatal diseases such as diabetes. Alcohol abuse is a major factor as well, often leading to kidney failure later in life, which is rarely survivable and results in a poor overall quality of life. These habits are attributable to roughly 77% of the diseases seniors commonly suffer from, and can contribute to premature death.

Injury is also a major risk factor that can lead to complications down the road. Many injuries amongst seniors are the result of falls which become increasingly more prevalent as an individual ages. Studies have shown that between 30 and 50 percent of people in long-term care facilities receive fall-related injuries annually. These injuries can be extremely detrimental to an individual’s health as they often require hospitalization and rehabilitation, which can be extremely costly.

Aging is costly. Between doctor’s visits, unanticipated hospitalization, and various prescription costs; many people simply cannot afford the financial implications of their golden years. Without sufficient funds, settling for subpar medical attention appears to be an inevitable reality. However, a Life Settlement can help to provide funds that can allow you to survive the overbearing costs that accompany aging. Allowing you to and your loved ones to live comfortably, well into retirement.

Abacus Life Settlements functions as a leader in the secondary market for life insurance. Our primary mission: work to help you understand your financial options. If you decide selling all or a portion of your policy is right for you, we can offer to purchase it from you at fair market value. We will provide all the numbers and details to show you how we determined its value and our offer, and if you decide to accept our offer we will provide you a lump sum amount and then take on all future obligations for the policy, including premium payments.