Elder Care Information |
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Paying For Elder Care Just Got Easier
It's not a surprise that thousands of families across the nation are facing the challlenges of an aging population. The "sandwich" generation, those who are caring for their children as well as their parents, have been feeling the financial pinch of caring for loved ones. Paying the high cost of Elder Care can cost a family thousands of dollars a month. Too many families are unaware of how utilizing a loved one's life insurance policy can not only pay for Assisted Living and Nursing Home care, but can maintain the standards of living for the remaining spouse. Not too many financial specialist inform their clients who have purchased life insurance policies with a death benefit over $250,000 that they can utilize a somewhat unknown option on their life insurance to pay for the high cost of Elder Care. It is called a Life Settlement and it can fully take the financial burden off of families who struggle to keep their loved one in a quality facility. A policy owner has the right to sell his or her life insurance policy to an institution for signifantly more than the cash value of the policy. For example, a life insurance policy with a $500,000 death benefit and a $75,000 cash value can be purchased for $250,000 and up. This money can be used now to pay for assisted living, nursing homes as well as in home services also. The procedure is relatively quick with minimal paperwork. It is senseless to struggle financially to pay for the needs of elderly loved ones when they can utilize their life insurance policy to pay for care. Many, many times life insurance policies lapse when a loved one goes into assisted living or a nursing home just out of financial neccessity as well as through medicaid planning. Instead of letting a policy lapse or into surrendership, smart families are looking into life settlements as a funding source for the high expense of Elder Care. Chuck Bongiovanni, M.S.W. has been helping seniors and their fanmilies for over 20 years in the assisted living industry. Chuck can help your family investigate your options for paying for Elder Care through a Life Settlement. You can go to his website at http://www.LifeTransitionsOnline.com or call him directly at 480-703-7005.
MORE RESOURCES: When is it time to intervene in the care of an elder loved one? Houston Public Media Cree family worries about 97-year-old elder, needing long-term care far from home and culture CBC.ca Seniors Care Program Royal Victoria Regional Health Centre Older adults and population aging statistics Statistique Canada Geriatrics Sinai Health Anglican elder care specialist and advocate named to Order of Canada Anglican Journal Senior and Older Adult Resources City of Hamilton CUPE endorses report on B.C. long-term care, urges other provinces to take note Canadian Union of Public Employees Abuse of older people World Health Organization 'Failure of government': Nunavut elder care needs to be brought home, federal minister says - CBC.ca Initiative to address women’s care load in Africa expands with two new projects | IDRC International Development Research Centre Canada’s aging crisis and a call for reform in eldercare The Hill Times Rustad unveils plans for seniors’ care Prince George Daily News MLA presses government on status of elder-care home work Nunatsiaq News Seniors Helping Seniors® Expands to Napa and Sonoma, CA 1851 Franchise Norbert Health and Lumina Care Announce Strategic Partnership to Transform Elder Care through AI Technology Business Wire Quebec is ‘one minute to midnight before a collapse of the elder-care system,’ provider says Montreal Gazette More New Long-Term Care Rooms Open in Mahone Bay Government of Nova Scotia Ageing and health World Health Organization Enchanted Hearts Home Care Sets the Standard for Compassionate Elder Care in Indianapolis, IN openPR Canadian grad's elder care app wins Apple's Swift Student Challenge, earns Tim Cook's praise MobileSyrup Assisted Living Technology Panasonic Former employee of Lawrence elder care facility who was accused of mistreatment and theft pleads to lesser crime Lawrence Journal-World Support for Family Caregiving Gains Momentum ElderLawAnswers.com B.C. judge orders $1.2 million home returned to victim in shocking case of elder abuse Vancouver Sun Free Flu Shot and New COVID-19 Vaccines Now Available Across Ontario Government of Ontario News Sunnybrook Leads the Way: First Canadian Hospital to Achieve Age-Friendly Health System Status Sunnybrook Hospital The Decline of Nursing Homes Statewide Minnesota Women's Press Automation Solutions for an Aging Society: The Future of Elder Care A3 Association for Advancing Automation With dementia rates projected to rise, northerners call for better elder care in Nunavut Nunatsiaq News Canada’s first public long-term care home based on the concepts of a dementia village opens its doors to BC seniors The Daily Scan Elder Care Graduates in Hot Demand in China Sixth Tone Seniors Housing Operating Performance Cushman & Wakefield 'She was evil': Former B.C. care aide sentenced for stealing from seniors CTV News Vancouver Ontario Building New Hospital in Moosonee Government of Ontario News Caring For Aging Loved Ones: Navigating The Emotional And Practical Journey Of Eldercare (Video) Mondaq News Alerts Georgia State University, A.G. Rhodes Launch Innovative Elder Care Partnership Georgia State University News When Elder Care Is All in the Stepfamily The New York Times Opportunities and challenges of integrating artificial intelligence in China's elderly care services Nature.com AMPLIFIERS Series Premiere: Transforming Elderly Care – Insights from Cherish Health CEO Sumit Nagpal Alvarez & Marsal Is leaving my full-time job the best solution to care for my elderly parent? What are some alternative ways to manage work and caregiving? Tatler Thailand Could a robot keep grandma company? UBC IDEA lab experiments with AI for elder care - Ubyssey Online Nursing home workers go on strike for better conditions in New Hope Bring Me The News Our View: Nursing home shortage becoming crisis in state's rural areas Mankato Free Press Colonial Heights charges 18 nursing home workers, including director, in elder-abuse case Progress Index Elder Care Assistive Robots Market Size, Share Report, 2030 Grand View Research Green Houses: A communal approach to elder care Association of Health Care Journalists Spotting the Signs of Elder Abuse National Institute on Aging 'Happens to all families.' Elder care experts warn of 'senior slide' during the holidays News 12 Connecticut Providence Living poised to open Canada’s first public long-term care village based on the concepts of a dementia village The Daily Scan Child of resident voices concerns over care at Colonial Heights nursing home CBS 6 News Richmond WTVR Department of Aging Governor Tom Wolf Ensuring Families Have the Resources To Care for Older Adults Center For American Progress Long-Term Care, Retirement Home and Elder Care Lodge Resources Haliburton, Kawartha, Pine Ridge District Health Unit |
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