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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: Opinion | The Challenges of Health Care for the Elderly The New York Times Memory Lane Games partners with The Senior Care Influencer Lance A. Slatton as Brand Ambassador Markets Insider Cree family worries about 97-year-old elder, needing long-term care far from home and culture CBC.ca Assisted Living: A Personalized Approach to Senior Care Royal Examiner ‘A Jolt’: Inside the Operational Disruption at Nursing Homes from CMS’ Communication Freeze Skilled Nursing News Geriatrics Sinai Health Anglican elder care specialist and advocate named to Order of Canada Anglican Journal Bay of Quinte Mohawks donate $60K each to Elder Care Home project, Belleville General Hospital Foundation Kingstonist Canada’s aging crisis and a call for reform in eldercare The Hill Times Senior and Older Adult Resources City of Hamilton Ontario Supporting Seniors and Their Caregivers Government of Ontario News CUPE endorses report on B.C. long-term care, urges other provinces to take note Canadian Union of Public Employees After Hurricane Beryl, Texas lawmakers push for genÂerÂators at senior living faÂcilÂities Spectrum News Elder Care Homecare Expands Support with Expert Alzheimer's & Dementia Care at Home in Long Island openPR Who Cares for the People Who Once Cared for Us? The Silent Crisis of Elderly Care The Dubrovnik Times Abuse of older people World Health Organization Dealing with our Dickensian long-term care system Berkshire Eagle Geri Care Health secures ₹ 110 Crore investment to expand elder care services; Cyril Amarchand Mangaldas a.. ETLegalworld Tragedy Strikes Nursing Home Fire Near Paris Evrim AÄŸacı 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 Long-term care home moves forward in Surrey Fraser Health Authority Nursing homes face soaring costs without healthcare carveout for new tariffs McKnight's Long-Term Care News Ageing and health World Health Organization Bonjour Résidences at the SMASH Conference in Las Vegas: Technological Innovations for Senior Care Bonjour Résidences 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 Assisted Living Technology Panasonic 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 Caregiver returns for a life in aged care South Gippsland Sentinel-Times Rustad unveils plans for seniors’ care Prince George Daily News Sunnybrook Leads the Way: First Canadian Hospital to Achieve Age-Friendly Health System Status Sunnybrook Hospital Officials strive for quality elder care China Daily Carolyn Hax chat: How do I tell my aunt not to count on me for elder care? The Washington Post Wisconsin will need almost 10K more elder care workers to keep up with aging baby boomers Wisconsin Public Radio News B.C. judge orders $1.2 million home returned to victim in shocking case of elder abuse Vancouver Sun CT long-term care insurance prices are skyrocketing. Here’s what to know. - The Connecticut Mirror CT long-term care insurance prices are skyrocketing. Here’s what to know. The Connecticut Mirror Seniors Housing Operating Performance Cushman & Wakefield The truth about putting off an aged care assessment Money magazine MLA presses government on status of elder-care home work Nunatsiaq News Quebec is ‘one minute to midnight before a collapse of the elder-care system,’ provider says Montreal Gazette Elder Care Graduates in Hot Demand in China Sixth Tone Evolutionary game analysis of building a sustainable intelligent elderly care service platform Nature.com Opinion | The Decline in Geriatric Care Hurts Us All The New York Times 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 When the Retirement Community Goes Bankrupt The New York Times Automation Solutions for an Aging Society: The Future of Elder Care A3 Association for Advancing Automation Ready…Set…ACT: Preparing your service for the new Aged Care Act – webinar series Inside Ageing Wes Johnson Family Launches GoFundMe After Beloved Elder Scrolls Actor Found "Barely Alive" TheGamer Increasing Women's Workforce Participation in Mexico requires support for Child and Elder Care World Bank WHO calls for urgent transformation of care and support systems for older people World Health Organization 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 Exclusive | Harris' plan for in-home elder care will cost tens of billions more than projected: economists New York Post New research challenges COVID-19 furlough policies in elder care McKnight's Long-Term Care News When Caring for Your Parents Comes at a Cost to Your Career The Wall Street Journal Berkshire County Elder Services leaders breathe a sigh of relief for now but remain cautious about the program’s future theberkshireedge.com Ensuring Families Have the Resources To Care for Older Adults Center For American Progress |
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