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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: Video: How the Immigration Crackdown Threatens Elderly Care The New York Times Elderly care services in focus at 'two sessions' as 8 regions exceed 80-year average life expectancy Global Times NTI Invests in Community Facilities for Elder Care Nunavut Tunngavik Inc. 'Don't open another bed': St. John’s doctor says there's a better way to keep seniors out of long-term care SaltWire N.L. powered by The Telegram Physiotherapy Elder Care Outpatient Clinic at Vancouver General Hospital Vancouver Coastal Health China to use AI in elder care as population ages: official The Economic Times Frailty Nova Scotia Health Authority China to use AI in elder care as population ages: official StartupNews.fyi China to use AI in elder care as population ages The News International Geriatrics Sinai Health BPK student research looks to history to find a way forward for Indigenous elder care Simon Fraser University News Transforming elderly care with robots Global Times Cree family worries about 97-year-old elder, needing long-term care far from home and culture CBC.ca Ontario Supporting Seniors and Their Caregivers Government of Ontario News Anglican elder care specialist and advocate named to Order of Canada Anglican Journal Greater role for SOEs sought in eldercare People's Daily China to use AI in elder care as population ages Punch Newspapers Initiative to address women’s care load in Africa expands with two new projects | IDRC IDRC - International Development Research Centre Canada’s aging crisis and a call for reform in eldercare The Hill Times ‘What they wanted to see’: Rankin Inlet elder facility to welcome 22 residents in April Nunatsiaq News Bay of Quinte Mohawks donate $60K each to Elder Care Home project, Belleville General Hospital Foundation Kingstonist How Senior Living Communities Reduce Loneliness and Improve Senior Health: 2025 U.S. News Survey Report U.S. News & World Report Elderly care highlighted at China's 'two sessions' Global Times When Elder Care Is All in the Stepfamily The New York Times ‘The Rule of Jenny Pen’ Review – Elder Care Horror Tale Will Make Your Skin Crawl Bloody Disgusting Coffee with Q Podcast Tackles Critical Issue of Elder Care Abuse with Renowned Florida Attorney Joe Osborne GlobeNewswire 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 Expanding shared stay-in eldercare services, help with fertility treatments among MOH measures The Straits Times Medicaid cuts will balance budget on the ‘backs of seniors,’ LTC providers say McKnight's Long-Term Care News Ageing and health World Health Organization WHO calls for urgent transformation of care and support systems for older people World Health Organization China takes leading role in setting global standards for senior care robots South China Morning Post Wisconsin will need almost 10K more elder care workers to keep up with aging baby boomers Wisconsin Public Radio News Free Flu Shot and New COVID-19 Vaccines Now Available Across Ontario Government of Ontario News Officials strive for quality elder care China Daily 'The Rule of Jenny Pen' Review: Lithgow & Rush Battle It Out in a Perverse Elder-Care Thriller MovieWeb 'Silver economy' shows promising potential China Daily Automation Solutions for an Aging Society: The Future of Elder Care A3 Association for Advancing Automation When Families Fight Over a Relative With Dementia, It’s Time to Call in the Mediator The New York Times Elder Care Graduates in Hot Demand in China Sixth Tone Cona Elder Law to host letter-writing campaign March 6 to demand full Medicaid funding for nursing homes TBR News Media Medicare: We’re going to talk about it Los Altos Town Crier B.C. judge orders $1.2 million home returned to victim in shocking case of elder abuse Vancouver Sun Eskasoni, Province Celebrate Opening of New Long-Term Care Home Government of Nova Scotia Quebec is ‘one minute to midnight before a collapse of the elder-care system,’ provider says Montreal Gazette Georgia State University, A.G. Rhodes Launch Innovative Elder Care Partnership Georgia State University News Ontario Building New Hospital in Moosonee Government of Ontario News Innovative elderly care services, empowered by AI, to unleash greater market potential in China Global Times How accessible is quality elder care in India? India Today 'Failure of government': Nunavut elder care needs to be brought home, federal minister says - CBC.ca Helene left some N.C. elder-care homes without power North Carolina Health News Elder Care Assistive Robots Market Size, Share Report, 2030 Grand View Research Harris proposes expanding Medicare to cover in-home senior care The Associated Press Department of Aging Governor Tom Wolf Kenora site chosen for new Wiigwas care home NWONewsWatch.com URI’s geriatric workforce education program fueling improvements in older adult care – Rhody Today The University of Rhode Island Opportunities and challenges of integrating artificial intelligence in China's elderly care services Nature.com Transforming Elderly Care with AI and Radar – Insights from Cherish Health CEO Sumit Nagpal Alvarez & Marsal |
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