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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: Dignity and support The Seattle Times Fake Mental Hospitals Highlight China’s Elder Care Challenge The Diplomat – Asia-Pacific Current Affairs Magazine Elder Care Resources Henry County Government (.gov) Dear Abby: My wife’s sisters put their mother into an elder care facility without informing us NJ.com Nursing homes inspections almost caught up, but unlicensed assisted living poses new challenge Maryland Matters Long-Term Care Ombudsman Program Volunteer Shortage ElderLawAnswers Medicaid Coverage of Home Health Care is Growing: But Will the Trend Last? Center for Retirement Research Wills, Trusts and Powers of Attorney News Channel 5 Nashville Oregon’s senior-care workers need our help. Here’s what state leaders can do. Lookout Eugene-Springfield Revoking TPS for Haitians would create crisis for South Florida health care industry NBC 6 South Florida Nursing home investigations: 'This was scary,' says paralyzed man who called 911 for help News 5 Cleveland WEWS Westchester senior care provider to merge with ArchCare amid financial strain Crain's New York Business Community Resources Henry County Government (.gov) Experts flag gaps in India’s elder care Tribune India 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 Provident Healthcare Partners Advises Elder Care Homecare on its Partnership with Rallyday Partners PR Newswire If Nonprofit Nursing Homes Outperform Private Equity, Can Policy Catch Up? Nonprofit Quarterly How Can China Solve Its Elder-Care Problem? The World of Chinese Opinion: The eldercare crisis is about to get much worse as millions more Americans turn 85 MarketWatch Ageing India: Experts Seek Inclusive Geriatric Care Kashmir Observer Aspiring Elder Care Physician, Advocate Wins Urann Fellowship The University of Texas at Dallas Former Finance Exec Opens Senior Care Authority in Greater Boston and Southeastern Massachusetts 1851 Franchise Settlement bans Heritage Village owners from elder care in Arizona azcentral.com and The Arizona Republic 'Wild west' of elder care: CT advocates point to overlapping oversight, underfunded agencies CT Insider Immigration and Caregiving: Who Will Care for Aging Boomers? Center for Retirement Research Raise a stein to the 27th Elder Care Oktoberfest this weekend Tallahassee Democrat Nursing researcher explores elder care collaboration and study abroad pipelines in Taiwan Purdue University Elder care resources lend a helping hand Grand Rapids Magazine Commentary: The monthly tab for her in-home elder care: $18,000. She can cover it, but how many others can? latimes.com Senior Care Support in Puerto Vallarta, Mexico Mexperience ‘Existential crisis’: Nursing homes, elder care to suffer under so-called ‘One Big Beautiful Bill’ Mississippi Today Elder care wng.org Geriatric In-Home Deaths: Insights from Autopsy Findings BIOENGINEER.ORG Illness to Wellness Conference Highlights Urgent Need for Inclusive Geriatric Care in India The Indian Practitioner Share your elder care experience with The Post The Washington Post Death of man trapped under bed for hours sparks closure of unlicensed CT elder care facilities CT Insider Aging Event Highlights Ways to Improve Senior Care Worldwide Center for Retirement Research New tracker finds rapid private equity expansion in elder care Private Equity Stakeholder Project PESP At elder care facility where two were left behind in Eaton Fire evacuation, residents demand change LAist Looking for Long-Term Care? See the 2026 Best Nursing Homes ElderLawAnswers Requiring Adult Children to Pay for Aging Parents' Care ElderLawAnswers Summer heat, lack of federal funds affecting Elder Care Services food pantry Tallahassee Democrat 1 in 4 Iowa adults providing unpaid elder care to loved ones, new AARP survey finds - thegazette.com Elder Care Resources Henry County Government (.gov) Private Equity and Nursing Homes: What Families Need to Know ElderLawAnswers A Guide to Adult Day Care Centers Near Stamford Stamford Advocate Lehigh Valley Health Network to Host ‘Caring for Aging Parents’ Event - Lehigh Valley Health Network Lehigh Valley Health Network to Host ‘Caring for Aging Parents’ Event Lehigh Valley Health Network Can new technology save elderly health care in Florida? Yes | Opinion The Palm Beach Post Duncan embraces new role at Cherokee Elder Care cherokeephoenix.org AI Startups See New Use Case: Senior Care The Wall Street Journal Future of some Elder Care Services programs remains uncertain, still waiting for key federal funding WTXL ABC 27 Trump’s immigration policy shakes up the elder care sector: ‘Losing these caregivers is a profound blow’ EL PAÍS English Why a dementia village in the Netherlands is fueling hope in D.C. The Washington Post |
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