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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: Elder Care Resources Henry County (.gov) Millions Invested to Improve Elder Care, Access, and Services Across Navajo Nation Navajo Nation Office of the President (.gov) How to Help Your Aging Loved Ones Plan for the Future The New York Times ‘Warehoused without any protection’: Florida traps seniors in elder care homes - Tampa Bay Times Overworked & Underpaid: Elder Care Immigrant Workers Trafficked in San Diego Human Rights Research Center Older adults are being discharged out of long-term care facilities — and into homelessness FOX 13 News Utah What a proposed bill means for happy hours at Perham and Detroit Lakes senior care facilities Perham Focus SSR Law Offices Expands Estate Planning, Probate, and Elder Law Services for Taylor, Michigan Residents FinancialContent Cheney Care Community advances expansion plans Spokane Journal of Business PM Mitsotakis Makes Paschal Visit to Athens Nursing Home (Video) The National Herald General or Durable General Power of Attorney? News Channel 5 Nashville SSR Law Offices Strengthens Estate Planning, Probate, and Elder Law Legal Services in Westland, Michigan FinancialContent OpenLine - 040726 Elder Care Johnson McGinnis P1 News Channel 5 Nashville Couple accused of running illegal elder care facilities fox5sandiego.com Attorneys Carve Out Legal Niches WilmingtonBiz Monique Mahabir – Safe Haven Elder Care Initiative University of Miami News New state regulations would require assisted living facilities to spell out costs, services and eviction protections for residents The Berkshire Eagle Medical Bills Weigh Heavily On 10.5% Of Washington's Seniors NewsRadio 560 KPQ Florida Trend Health Care Florida Trend Inspectors warned about Florida senior homes. The state sent at-risk elders anyway - Tampa Bay Times The Coming Elder Care Challenge: More People Are Beginning to Notice Center for Retirement Research Trump administration's ending of TPS for Haitians accelerates staffing crunch in elder care marketplace.org Heller School receives $25 million grant to study elder care Brandeis University Massachusetts has an elder care crisis – and it’s about to get a lot worse - CommonWealth Beacon Massachusetts has an elder care crisis – and it’s about to get a lot worse CommonWealth Beacon Caregivers are overworked. This tech could offer hope. Stand Together 7 rescued during raid of Carson elder care, hospice homes FOX 11 Los Angeles Immigration and Caregiving: Who Will Care for Aging Boomers? Center for Retirement Research Providers wait for hundreds of millions in delayed Medicaid payments Indiana Public Media Families face thousands in monthly elderly care expenses as demand for senior services grows KOTA Territory News Maine governor candidate Shah releases elder care plan Spectrum News Abington Township to continue public hearing for proposed life care facility and nursing home on April 14 Glenside Local Filipino Caregivers Allegedly Exploited In California Elder Care Facilities ditosapilipinas.com How This Medical Facility Reimagines Elder Care In San Jose Interior Design Magazine 25 Common Nursing Home Problems—& How to Resolve Them Justice in Aging Share your elder care experience with The Post The Washington Post As Elder Care Needs Grow, What’s Your Organization’s Plan? NEJM Catalyst Innovations in Care Delivery Brazos Home Care Continues to Deliver Exceptional Home Caregiver Services in Twin Cities, TX openPR.com Requiring Adult Children to Pay for Aging Parents' Care ElderLawAnswers ‘Existential crisis’: Nursing homes, elder care to suffer under so-called ‘One Big Beautiful Bill’ Mississippi Today Solving the Home Care Quandary The New York Times Provident Healthcare Partners Advises Elder Care Homecare on its Partnership with Rallyday Partners PR Newswire Four generations live under one roof — and it's helping this family afford both childcare and elder care Business Insider Aspiring Elder Care Physician, Advocate Wins Urann Fellowship The University of Texas at Dallas Raise a stein to the 27th Elder Care Oktoberfest this weekend Tallahassee Democrat Aging Event Highlights Ways to Improve Senior Care Worldwide Center for Retirement Research How Can China Solve Its Elder-Care Problem? The World of Chinese Death of man trapped under bed for hours sparks closure of unlicensed CT elder care facilities CT Insider |
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