Good Investments
that are Right for You

Quiz: Caring for Aging Parents

Enjoying themselves. Cheerful happy family consisting of elderly couple and their adult son sitting on the sofa, drinking tea and communicating with each other

Watching your parents grow older can be one of the most challenging and difficult times in your life. Conversations that were once upbeat can quickly turn toward illness, death, the loss of friends, and futility.

We’ve guided clients through the aging process, stressing the importance of understanding. It can lead your family to some calm and clarity. Here’s a short quiz that can help you gauge your sensitivity to your parents’ aging process.

“Honor your father and your mother, that your days may be long in the land that the Lord your God is giving you,” Exodus 20:12

Quiz: Caring for Aging Parents

1 / 6

You might easily upset your parents if you treat them like children. What do aging parents say they want most when it comes to day-to-day living?1

2 / 6

With an aging parent, it’s important to strike a balance between productive and counterproductive activities. Which activity do they find the most annoying?2

3 / 6

When we open new accounts for clients, we often ask for a “trusted contact person.” This information is not a requirement to open the account, but we might ask you to share the name of someone you trust for several reasons. What are the ways in which a trusted contact can help, especially for aging parents?3

4 / 6

One study showed that 61% of US adults aged 65 or over own a smartphone versus 95% of those between the ages of 18 and 29. This 35 percentage point difference might seem significant, but this gap has decreased from 53 points in 2012. What percentage of adults aged 65 or over use social media?4

5 / 6

True or false. In most situations, Medicare won’t pay for healthcare or supplies from outside the U.S. (We refer to anywhere other than the 50 states of the US, the District of Columbia, Puerto Rico, the US Virgin Islands, Guam, American Samoa, or the Northern Mariana Islands.)5

6 / 6

Drivers aged 65 or over make up 21% of all licensed drivers. The Department of Transportation reports that speeding caused 31% of fatal traffic collisions for drivers aged 15 to 20. For people aged 65 and over, what percentage of fatal accidents involve speeding?6

Your score is

The average score is 63%

0%

Answer key:

  1. C
  2. B
  3. E
  4. C
  5. T
  6. A

 

5—6 correct: Congratulations! You seem to know your stuff when it comes to aging parents.

3—4 correct: Good job! You’ve spent a lot of time learning about the aging process.

0—2 correct: That’s okay. We’re here to help if you have questions.

  1. VisitingAngels.com, February 15, 2022
  2. VisitingAngels.com, February 15, 2022
  3. SEC.gov, 2024
  4. PewResearch.org, January 13, 2022
  5. Medicare.gov, 2024
  6. US Department of Transportation, August 2023

Other Recent Articles

Strategies for Managing Your Digital Estate

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.

What Is Sector Investing?

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.
The Diamond of Life book by Mick Owens

Book Review: Diamond of Life

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.

Strategies for Managing Your Digital Estate

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.

What Is Sector Investing?

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.
The Diamond of Life book by Mick Owens

Book Review: Diamond of Life

One benefit to self-insurance is that you can pocket money that you have paid in insurance premiums. Learn more about whether self-insurance is a concept you'd like to explore further with your financial adviser.