Your grandparents lived well into their nineties, and so did your parents, and as a healthy senior, you have expectations to do the same. Your children may not be in the best position to take care of you, though, and you do not want to be a burden if you suffer mobility or other health issues that run in your family. On the other hand, if you need long-term care once you reach your early eighties, it may take all your assets to cover your expenses for a decade.
With driving such a prevalent part of everyday life, chances of getting into an accident are very real. In 2016, about 15 motor vehicle collisions happened every hour according to statistics from the Pennsylvania Department of Transportation. These crashes involved 1 out of every 43 Pennsylvanians, with 1 out of every 154 people sustaining injuries.
When a serious motor vehicle accident happens, responsibility often falls on the victim's family members to settle financial matters. Responsibilities can include paying for medical treatment, coordinating vehicle repairs and speaking with the insurance company. Between juggling these tasks, they might get a difficult offer to refuse.