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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: How Japan's 'Macho Caregivers' Are Revolutionizing Elder Care Tokyo Weekender Kenora plans new hospital, expansion of long-term care home constructconnect.com What can advisors do to help clients managing elder care, childcare costs Wealth Professional Element Care Celebrates 30 Years of Providing Comprehensive Senior Care at Healthcare from the Heart Gala Yahoo Finance Impact of Training on Person-Centered Care in Nursing Homes Bioengineer.org Ontario government announces $50 million planning grant for Kenora hospital Ontario Construction News Mental health of older adults World Health Organization (WHO) Sunshine Coast elder care project uses art to ask who cares Coast Reporter 'Wild west' of elder care: CT advocates point to overlapping oversight, underfunded agencies CT Insider Opinion | The Worst Losers in Trump’s Economy The New York Times ‘Communities Should Build Elderly Services Pipeline Early’: Anni Chung, Self-Help For The Elderly India Currents Frontline Acquires Integracare, Plans U.S. Entrance; Zingage Raises $12.5M Home Health Care News Elders and housing top priorities in Uqqummiut Nunatsiaq News Ageing and health World Health Organization (WHO) Heart of Health: Linda Armstrong’s passion for geriatric nursing care Nova Scotia Health Changes are coming for residential aged care. Here’s what to know The Conversation Aging in Digital China: Senior influencers find new value online as China builds stronger elderly care system news.cgtn.com Older adults and population aging statistics Statistique Canada Elderly care: The visible and invisible International Labour Organization Critics say taxpayer dollars for nursing homes should be spent on care, not new buildings FOX 13 News Utah Telangana Plans Law to Deduct 10–15% Salary of Government Staff Who Neglect Parents The Logical Indian Nova Scotia Health’s Dignity of Risk Program leading change in caring for older adults living with frailty and dementia Nova Scotia Health Use it or lose it: the new home care budgets you don't want to miss thesenior.com.au LETTER: Elder care a looming crisis for Oak Bay Oak Bay News Wage-levelling to end in fully private seniors’ care facilities Hospital Employees' Union Nursing homes receiving millions in extra taxpayer funds face allegations of poor patient care FOX 13 News Utah Why seniors’ care should have been on the election agenda The Conversation FAU Historian Traces How U.S. Nursing Homes Evolved into Big Business Florida Atlantic University Elder Care Homecare Reaffirms Commitment to Providing Continuous 24-Hour Home Care in NYC. The Globe and Mail Smart Money Going in Senior Health: Key Stocks in Elderly Care The Globe and Mail New Model Predicts Caregiver Distress in Dementia Bioengineer.org Police investigate suspicious death in Abbotsford senior care home CityNews Vancouver Elder Care Homecare Reaffirms Commitment to High-Quality ALS Home Care in Westchester County The Globe and Mail AI Companions Redefine Elder Care: 3 Ways They Fight Loneliness, Boost Safety And Scale Support Forbes NTI Invests in Community Facilities for Elder Care Nunavut Tunngavik Inc. New tracker finds rapid private equity expansion in elder care Private Equity Stakeholder Project PESP Youth employment and elder care: a dual challenge in Morocco AFD - Agence Française de Développement Mark Yaffe: Pioneering Excellence in Elder and Mental Health Care | Department of Family Medicine McGill University Pennsylvania launches C-Screen elder care screening tool Central Penn Business Journal BPK student research looks to history to find a way forward for Indigenous elder care Simon Fraser University Stepping towards better health: Early Mobility team wins Nova Scotia Health Quality Award Nova Scotia Health ‘What they wanted to see’: Rankin Inlet elder facility to welcome 22 residents in April Nunatsiaq News Your Company Needs an Eldercare Policy Harvard Business Review Emotional needs and service process optimization in combined medical and elder care: A TRIZ approach ScienceDirect.com Elderly patients can deteriorate hourly in the ER. This team works against the clock to get them out CBC Recreation therapy associates at the heart of the Early Mobility Program at St. Martha’s Regional Hospital in Antigonish Nova Scotia Health From Durham to Denmark: A global lens on elder care ArcGIS StoryMaps Video: How the Immigration Crackdown Threatens Elderly Care The New York Times Unravelling the combination of medical and elderly care in China: a comprehensive policy analysis Nature Nursing home death now investigated as murder CityNews Vancouver Organizations call for increased elderly facilities to address super-aging society macau daily times 澳門每日時報 Canada’s aging crisis and a call for reform in eldercare The Hill Times MGMT Digital Helps Nursing Homes Reach Families Through Generativ The National Law Review Former MA caregiver pleads guilty to stealing from patients. Here's her sentence MetroWest Daily News B.C. government close-lipped on watchdog report that finds seniors care is worsening - Vancouver Sun Bay of Quinte Mohawks donate $60K each to Elder Care Home project, Belleville General Hospital Foundation Kingstonist News NordForsk funds research on sustainable elder care Stockholms universitet Senior Citizens Resource Fair held Mid Hudson News Home care provider expands into Alabama with acquisition The Business Journals |
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