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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: Sunbound Recognized as Senior Living Finance Software of the Year from Elder Care Review PR Newswire Ontario Supporting Seniors and Their Caregivers Government of Ontario News Tallahassee agencies preparing for possible federal cutbacks as President Trump's funding freeze on hold WTXL ABC 27 Tallahassee News Cree family worries about 97-year-old elder, needing long-term care far from home and culture CBC.ca Anglican elder care specialist and advocate named to Order of Canada Anglican Journal Kings Home Care Announce Launch of Compassionate Home Care Services in New Jersey - The Manila Times CUPE endorses report on B.C. long-term care, urges other provinces to take note Canadian Union of Public Employees Bay of Quinte Mohawks donate $60K each to Elder Care Home project, Belleville General Hospital Foundation Kingstonist Opinion | The Decline in Geriatric Care Hurts Us All The New York Times Abuse of older people World Health Organization Opinion | The Challenges of Health Care for the Elderly The New York Times When Elder Care Is All in the Stepfamily The New York Times 'Failure of government': Nunavut elder care needs to be brought home, federal minister says - CBC.ca Who Cares for the People Who Once Cared for Us? The Silent Crisis of Elderly Care The Dubrovnik Times Long-term care home moves forward in Surrey Fraser Health Authority Bonjour Résidences at the SMASH Conference in Las Vegas: Technological Innovations for Senior Care Bonjour Résidences Ageing and health World Health Organization Modern Care for a Modern World Provider Norbert Health and Lumina Care Announce Strategic Partnership to Transform Elder Care through AI Technology Business Wire More New Long-Term Care Rooms Open in Mahone Bay Government of Nova Scotia Dealing with our Dickensian long-term care system Berkshire Eagle Free Flu Shot and New COVID-19 Vaccines Now Available Across Ontario Government of Ontario News When Families Fight Over a Relative With Dementia, It’s Time to Call in the Mediator The New York Times Assisted Living Technology Panasonic Canada Rustad unveils plans for seniors’ care Prince George Daily News Nursing homes face soaring costs without healthcare carveout for new tariffs McKnight's Long-Term Care News Seniors Recreation & Things to Do City of Toronto Carolyn Hax chat: How do I tell my aunt not to count on me for elder care? The Washington Post Sunnybrook Leads the Way: First Canadian Hospital to Achieve Age-Friendly Health System Status Sunnybrook Hospital B.C. judge orders $1.2 million home returned to victim in shocking case of elder abuse Vancouver Sun Seniors Housing Operating Performance Cushman & Wakefield ‘A Jolt’: Inside the Operational Disruption at Nursing Homes from CMS’ Communication Freeze Skilled Nursing News Seniors Helping Seniors® In-Home Care Services Expands to South Carolina’s Pee Dee Region 1851 Franchise Quebec is ‘one minute to midnight before a collapse of the elder-care system,’ provider says Montreal Gazette MLA presses government on status of elder-care home work Nunatsiaq News CT long-term care insurance prices are skyrocketing. Here’s what to know. The Connecticut Mirror Ontario Building New Hospital in Moosonee Government of Ontario News Georgia State University, A.G. Rhodes Launch Innovative Elder Care Partnership Georgia State University News Automation Solutions for an Aging Society: The Future of Elder Care A3 Association for Advancing Automation Wes Johnson Family Launches GoFundMe After Beloved Elder Scrolls Actor Found "Barely Alive" TheGamer Clock ticking for remaining seniors at West Columbia nursing home to find new place to live WIS News 10 Opportunities and challenges of integrating artificial intelligence in China's elderly care services Nature.com Elder Care Assistive Robots Market Size, Share Report, 2030 Grand View Research boAt Partners with Antara Senior Care to Introduce Smart Wearables for Senior Citizens Prittle Prattle News Award-winning care at home Bellarine Times Ensuring Families Have the Resources To Care for Older Adults Center For American Progress Will Pennsylvania’s Seniors Lose Care? LeadingAge PA Sounds the Alarm on Shapiro’s Budget Gaps MyChesCo Department of Aging Governor Tom Wolf KCFD battles large fire at former nursing home KMBC Kansas City Healey curtails access to elder home care programs as caseloads surge in Massachusetts Fall River Reporter Long-Term Care, Retirement Home and Elder Care Lodge Resources Haliburton, Kawartha, Pine Ridge District Health Unit New study: Cost and demand for elder care to double in the next 10 years Canadian Medical Association Wisconsin residents organize in fight to keep county nursing homes public Wausau Pilot and Review Green Houses: A communal approach to elder care Association of Health Care Journalists Woman dies after car crashes into senior care facility in Gilbert ABC15 Arizona in Phoenix For senior living, a delicate balancing act McKnight's Senior Living |
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