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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: AI Nose technology advances in elder care scent detection By Investing.com Investing.com Canada Commentary: If people taking care of our elders get deported, will anyone take their place? Los Angeles Times NTI Invests in Community Facilities for Elder Care Nunavut Tunngavik Inc. Nova Scotia Health’s Dignity of Risk Program leading change in caring for older adults living with frailty and dementia Nova Scotia Health AI Companions Redefine Elder Care: 3 Ways They Fight Loneliness, Boost Safety And Scale Support Forbes Alumni Impact Series: Kevin Ye – Shaping the Future of Elder Care through Entrepreneurship University of Waterloo 'Don't open another bed': St. John’s doctor says there's a better way to keep seniors out of long-term care PNI Atlantic News Left to fade: Silent agonies of the elderly abandoned by society Punch Newspapers B.C. government close-lipped on watchdog report that finds seniors care is worsening - Vancouver Sun ‘What they wanted to see’: Rankin Inlet elder facility to welcome 22 residents in April Nunatsiaq News Video: How the Immigration Crackdown Threatens Elderly Care The New York Times BPK student research looks to history to find a way forward for Indigenous elder care Simon Fraser University Ainos AI Nose Improves Accuracy in Hygiene Monitoring To 85% from 80% Newswire :) Press Release Distribution Anglican elder care specialist and advocate named to Order of Canada The Anglican Journal 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 Stepping towards better health: Early Mobility team wins Nova Scotia Health Quality Award Nova Scotia Health WHO calls for urgent transformation of care and support systems for older people World Health Organization (WHO) A Daughter’s Cautionary Elder Care Tale The Progressive Teaching university students to be ‘age-conscious’ could help address our elder care crisis University Affairs Geriatrics Sinai Health Nursing home and elder-care residents could be hit hard by potential Medicaid cuts The Washington Post Ageing and health World Health Organization (WHO) When Elder Care Is All in the Stepfamily The New York Times Untangling the Nursing Home Knot in Rhode Island Rhode Island Monthly Mass Deportations, Invisible Loss: How They’re Shattering America’s Informal Care Economy marcolopez.com Research Groundbreakers: Dr. Roxanne Weiss Is Advancing Elder Care and Delirium Prevention The University of Utah New long-term care home coming to Squamish BC Gov News Officials strive for quality elder care ChinaDaily Norbert Health and Lumina Care Announce Strategic Partnership to Transform Elder Care through AI Technology Business Wire Elder Care Graduates in Hot Demand in China Sixth Tone Increasing Women's Workforce Participation in Mexico requires support for Child and Elder Care World Bank Blogs China to use AI in elder care as population ages: official The Economic Times Opinion | The Decline in Geriatric Care Hurts Us All The New York Times Comfort Keepers Comes To Chattanooga With In-Home Senior Care Chattanoogan.com: Breaking News Is there more than meets the eye to the SpiriTrust Lutheran closing Home Care and Hospice? Tri-State Alert Helene left some N.C. elder-care homes without power North Carolina Health News Digitalization for Improving Elder Care Asian Development Bank Take care: An expert Q-and-A on elder care in New Mexico Source New Mexico Silver lining: How technology is changing the landscape of elder care Business Standard How companies can ease the strain on employees taking care of elderly parents or ill family members CNN A look at elder care initiatives in Northside - The Daily Tar Heel Aged care provider halves staff turnover with automation and more briefs Healthcare IT News MHA grad rewrites policy to benefit elder care USC Price School Frailty Nova Scotia Health Georgia State University, A.G. Rhodes Launch Innovative Elder Care Partnership Georgia State University News |
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