As busy younger adults, we like to think that life becomes stress-free after retirement. For some people that may be, yet many seniors find themselves overwhelmed with stress and the causes are multifaceted. Here’s an in-depth review of why seniors are stressed and how they can cope with it. 

According to New Wave Home Care, “The most common sources of anxiety for the elderly include health, finances, and social life. In reality, all of these issues greatly tie into each other, as diminishing physical capability in old age can threaten both physical and psychological wellness, financial security, and one’s relationship with others.”

Why Learning to Cope with Stress is Important

Learning to cope with stress in retirement is important because it can help extend your lifespan. Stress is detrimental to your health and when you find it difficult to cope it can years off of your life. Many people don’t realize that mental stress can be more damaging or taxing on the body than physical exertion. 

Common Causes for Stress Among Seniors

Many of us think that seniors don’t have much to be stressed about. Your retirement years are supposed to be some of the best years of your life, your chance to finally unwind and do all of the things that you couldn’t do while you were working. That is a misconception.

Unfortunately, being retired doesn’t mean that you have adequate financial resources. Countless seniors find themselves in difficult financial circumstances that cause a great deal of stress. 

While financial difficulties for seniors may seem like a singular stressful problem, it actually creates additional issues. Being unable to pay utility bills, help your children or grandchildren can cause stress and a sense of failure and or depression. There are also medical expenses to consider. Many seniors cannot afford to incur additional medical expenses and therefore forgo needed medical treatment. The resulting stress only exacerbates their underlying medical condition.  

Of course, finances aren’t the only thing that causes seniors stress. Many of them have family or relationship problems that are difficult to cope with. Countless grandparents have children or grandchildren who are estranged.  Having family members that won’t speak to you is especially distressing for many seniors since they may be the only family and potential support system they have. When your children or grandchildren refuse to talk to you, it is often painful, mentally and emotionally. 

There is also the fear of dying or realizing one’s mortality. It is called Thanatophobia (death anxiety) and is commonly referred to as the fear of death. More specifically, it can be a fear of death or a fear of the dying process.

How to Cope with Stress

There are different ways to cope with stress depending on the cause. If you’re stressed over family issues, the simplest thing is to remain patient and try to repair the relationship as quickly as possible. 

If that doesn’t work, you can try to ask another family member to intervene on your behalf. When all else fails, the best thing you can do is to lean on your friends for support. While a friend might not replace a family member, it’s usually the next best thing. 

Alternatively, if you’re stressed over finances, one way to cope with that stress is to solve the problem. Insolvency isn’t something that you can ignore, so taking charge can help alleviate some of the stress.  

In order to solve your financial troubles, assess your expenses and find ways to cut out unnecessary ones. You can also think of ways to raise money. One of the ways seniors have been able to find additional funds in retirement is to sell their life insurance policy. Many seniors are not aware that they can sell their life insurance policies to licensed third-party buyers for a one-time lump sum cash payment. 

Free Yourself from Financial Stress with MRE Finance

You have an option to no longer stress over the bills and continue to live life again by selling your life insurance policy through MRE Finance. MRE Finance helps seniors like yourself to sell their policies to licensed buyers for a cash payment in exchange for your policy. The offer will always be more than you can receive from surrendering your policy to the insurance company for its cash value. 

Our FREE online life settlement calculator can provide you with an estimate of your life insurance policy value within minutes. If you prefer, call the specialists at MRE Finance today at 1-800-521-0770. We will answer all your questions as we walk you through the life settlement process with ease so you can live without financial stress.

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