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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: Older Adults are Skipping Meals to Cover Health Care ElderLawAnswers Commentary: How to improve elder care in America Post and Courier AARP: Senior care becoming unaffordable for Pa. seniors Central Penn Business Journal Valir Health expands senior care with $3.6M Oklahoma City acquisition The Journal Record NJ lawmakers urged to shine light on nursing home ownership New Jersey Monitor What it’s like to witness long-term care magic McKnight's Long-Term Care News Center City home care agency to close, lay off more than 600 workers The Business Journals Why more seniors are being asked to care for their partners — alone Maryland Daily Record Are NY nursing homes about to collapse? NEWS10 ABC Concerns Raised Ahead of Planned Nursing Home Expansion Iceland Review 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 Avoiding emergency care morningjournalnews.com Home care aide charged with elder abuse of a Chambersburg woman Tri-State Alert Major raid at Carson elder care, hospice homes FOX 11 Los Angeles From the ER to the Living Room: How Hospitals Are Quietly Shifting Elder Care Back to Families Columbus Telegram 7 rescued during raid of Carson elder care, hospice homes FOX 11 Los Angeles 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 Robots Could Replace Nursing Homes: Elon Musk ColombiaOne.com 7 numbers foretelling the coming elder care crisis The Berkshire Eagle Senior living community volunteer accused of raping woman with dementia FOX 11 Los Angeles As Elder Care Needs Grow, What’s Your Organization’s Plan? NEJM Catalyst Innovations in Care Delivery Opinion: The eldercare crisis is about to get much worse as millions more Americans turn 85 MarketWatch Immigration and Caregiving: Who Will Care for Aging Boomers? Center for Retirement Research The business of caring for older Americans is in a deepening crisis The Washington Post Interview: India is ageing faster than its systems can adapt, says Anvayaa founder Prashanth Reddy The South First 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 Share your elder care experience with The Post The Washington Post Aspiring Elder Care Physician, Advocate Wins Urann Fellowship The University of Texas at Dallas How Can China's “One Child” Generations Solve Its Elder-Care Problem? The World of Chinese ‘Existential crisis’: Nursing homes, elder care to suffer under so-called ‘One Big Beautiful Bill’ Mississippi Today 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 How This Medical Facility Reimagines Elder Care In San Jose Interior Design Magazine 'Wild west' of elder care: CT advocates point to overlapping oversight, underfunded agencies CT Insider Storm-damaged care centre in Além da Ribeira Euro Weekly News Nursing researcher explores elder care collaboration and study abroad pipelines in Taiwan Purdue University 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 Dealbook: Rallyday Partners Invests In Elder Care Homecare; Alegre Home Care Joins Elder Care Alliance Home Health Care News Three generations live next door — and it's helping this family afford both housing and elder care Business Insider Requiring Adult Children to Pay for Aging Parents' Care ElderLawAnswers Duncan embraces new role at Cherokee Elder Care cherokeephoenix.org Wisconsin bill seeks 'transparency' from senior care referral companies FOX6 News Milwaukee Riding the Wave of Elderly-Friendly Home Modification HKTDC Research At elder care facility where two were left behind in Eaton Fire evacuation, residents demand change LAist Family Caregivers in the U.S. Divided by Gender, Birth Order ElderLawAnswers 3 Policy Moves Likely to Change Health Care for Older People The New York Times Settlement bans Heritage Village owners from elder care in Arizona The Arizona Republic Summer heat, lack of federal funds affecting Elder Care Services food pantry Tallahassee Democrat COVID-19 training fail lands residential aged care provider $150K fine Hospital + Healthcare Elder care resources lend a helping hand Grand Rapids Magazine Looking for Long-Term Care? See the 2026 Best Nursing Homes ElderLawAnswers Can new technology save elderly health care in Florida? Yes | Opinion The Palm Beach Post Elder Law Guys: Holiday get-togethers are an opportunity to get serious Pittsburgh Post-Gazette |
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