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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: Looking for Long-Term Care? See the 2026 Best Nursing Homes ElderLawAnswers Solving the Home Care Quandary The New York Times Session held to discuss healthcare services for elderly Tribune India FOX 13 Investigates: He was placed in a guardianship for his care. The guardian evicted his family. FOX 13 News Utah HHS Repeals Nursing Home Staffing Requirements, Citing Relief for Tribal Facilities Native News Online How West Harlem nonprofit Lifeforce in Later Years is combating senior isolation through community Columbia Daily Spectator Trump administration rescinds nursing home staffing rules as LI facilities struggle to fill spots Newsday Careless Profit Phenomenal World 10 Good Samaritan nursing homes earn Best Nursing Home honor Sanford Health News More Police Officers, Housing Support, and Elder Care: New Investments to Make Our City Safer The Indian EYE 1 in 4 Iowa adults providing unpaid elder care to loved ones, new AARP survey finds - thegazette.com ‘Existential crisis’: Nursing homes, elder care to suffer under so-called ‘One Big Beautiful Bill’ Mississippi Today The Coming Elder Care Challenge: More People Are Beginning To Notice Center for Retirement Research Affordability, Elder Financial Abuse, and Estate Planning ElderLawAnswers Provident Healthcare Partners Advises Elder Care Homecare on its Partnership with Rallyday Partners PR Newswire Austrian nuns who escaped nursing home reject compromise offer Catholic News Agency Commentary: The monthly tab for her in-home elder care: $18,000. She can cover it, but how many others can? Los Angeles Times Raise a stein to the 27th Elder Care Oktoberfest this weekend Tallahassee Democrat Griswold Home Care brings services to Lakewood jeffcotranscript.com Machine Learning Model to Predict Sarcopenia in Seniors Bioengineer.org Senior Care Support in Puerto Vallarta, Mexico Mexperience This start-up is transforming elder care in Hong Kong The World Economic Forum Death of man trapped under bed for hours sparks closure of unlicensed CT elder care facilities CT Insider 'Wild west' of elder care: CT advocates point to overlapping oversight, underfunded agencies CT Insider Share your elder care experience with The Post The Washington Post Reimagining elderly care in India India Development Review Elder Care Resources Henry County government (.gov) UVM program connects teens with older adults in hopes of boosting the elder care workforce Vermont Public Future of some Elder Care Services programs remains uncertain, still waiting for key federal funding WTXL ABC 27 New tracker finds rapid private equity expansion in elder care Private Equity Stakeholder Project PESP Summer heat, lack of federal funds affecting Elder Care Services food pantry Tallahassee Democrat AI Companions Redefine Elder Care: 3 Ways They Fight Loneliness, Boost Safety And Scale Support Forbes RWJUH Hamilton Recognizes 20 Team Members for Dedication to Geriatric Care and Participation in the NICHE Program RWJBarnabas Health Duncan embraces new role at Cherokee Elder Care cherokeephoenix.org Nursing home and elder-care residents could be hit hard by potential Medicaid cuts The Washington Post Pennsylvania launches C-Screen elder care screening tool Central Penn Business Journal Elder care practitioner Jade Jasken joins Essentia Health St. Mary’s-Detroit Lakes Clinic Essentia Health Improving Specialized Elder Care Beginning in the Classroom www.counseling.org AWWA launches 2025 Armenian elder care grant program The Armenian Weekly Take care: An expert Q-and-A on elder care in New Mexico Source New Mexico Trump’s immigration policy shakes up the elder care sector: ‘Losing these caregivers is a profound blow’ EL PAÍS English Inside the astronomical cost of elder care in California Spectrum News 1 Robots will play a growing role in elder care, experts say ConsumerAffairs Unravelling the combination of medical and elderly care in China: a comprehensive policy analysis Nature Elder care operators settle with DA offices over inadequate staffing, background checks Stocktonia News As the eldercare crisis escalates, families seek help from these coaches and consultants MarketWatch Requiring Adult Children to Pay for Aging Parents' Care ElderLawAnswers AWWA announces $100,000 Grant to support Armenian elder care programs in Boston The Armenian Weekly Department of Aging Commonwealth of Pennsylvania (.gov) Estate, Long-Term Care Plans Under the 'Big Beautiful Bill' ElderLawAnswers AI Startups See New Use Case: Senior Care The Wall Street Journal Program of All-Inclusive Care for the Elderly (PACE) Louisiana Department of Health (.gov) Brooklyn nursing home cited repeatedly before fatal attack on 89-year old resident The New York State Senate (.gov) Fake nurse earned nearly £200k in four-year care home hoax Care Home Professional Senior care advocates seek more after ‘lead balloon’ vaccine recommendations McKnight's Long-Term Care News Uhm urges Korea to expand senior housing as capacity serves only 3% of elderly - CHOSUNBIZ Chosunbiz Tips for navigating senior care in Mass. The Boston Globe A Daughter’s Cautionary Elder Care Tale The Progressive |
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