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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: Another hurdle cleared in Lakewood Manor development Cowichan Valley Citizen Who Will Care for ‘Kinless’ Seniors? The New York Times Elder Care: The season of giving The Sentinel Aging at home could be 'stunningly expensive' for clients Wealth Professional Searching for a senior home? A new tool helps Minnesotans screen out unsafe providers - Star Tribune Senior Helpers Leverages Data-Driven Assessment Tool To Decrease Rehospitalizations Home Health Care News Elder Law Guys: Who will take care of me when I'm old and gray? Pittsburgh Post-Gazette NY nursing homes go months without elder care oversight visit The Journal News Berkeley nursing home employee accused of defrauding 2 seniors CBS San Francisco Concord Nursing Home To Pay $2.3 Million To Settle Allegations Of Grossly Substandard Care Department of Justice N.Y. Attorney General Letitia James files lawsuit accusing upstate nursing home of misusing $18 million in state funds New York Daily News Normandy Living brings new concepts to city Whitehorse Star A new, unknown company gets key role at 38 Pa. nursing homes and 7 in N.J. The Philadelphia Inquirer Iveda® Launches IvedaCare, an AI-driven Assistant for Safety, Security, and Elderly Care Business Wire Biden Nursing Home Agenda Progresses as Industry Prepares for 2023 Skilled Nursing News Horizon PACE center provides care for seniors | News | bgdailynews.com Bowling Green Daily News Ongoing Impacts of the Pandemic on Medicaid Home & Community-Based Services (HCBS) Programs: Findings from a 50-State Survey Kaiser Family Foundation TONI SAYS: Legal documents Americans should not be without Tifton Gazette Texas nursing shortage hits senior homes in rural areas hard The Texas Tribune Senior Housing Influencers Globe St. Annual collection for retired religious to be Dec. 10-11 My catholic standard Senior living and care facilities turn away older adults 11K times in 1 month due to workforce crisis: survey McKnight's Senior Living EXPLAINED: What is Spain's anti-trafficking law? The Local Spain Supreme Court case examines right to sue regarding nursing home care Insurance News Net Addressing Mental Health Issues among the Senior Citizens Greater Kashmir Open enrollment ending Nov. 30 Office of Communications and Marketing Panel looks for solutions to direct care worker shortage New Hampshire Business Review Inside the Trends Driving Skilled Nursing Bed Reductions in 2022 and Beyond Skilled Nursing News Glenn Junior Long | News, Sports, Jobs - The Sentinel Lewistown Sentinel COVID-19 PREP Act Litigation: The Tip Of The Liability Iceberg healthaffairs.org Sen. Warnock Putting Care and Families First atlantadailyworld Banksfield Nursing Home: Fulwood care home where residents were at risk of choking and malnutrition receives new inspection rating Lancashire Evening Post THRIVE; Prospering PARO Women conference tackles barriers and enablers for women in business Net Newsledger Sponsored SHOULD I GET REMARRIED? scriptype.com The Ontario Liberal Plan to Revolutionize Elder Care Ontario Liberal Party Nursing home manager's shift a microcosm of staff shortage across Texas Beaumont Enterprise Irish volunteers fight Christmas loneliness by matching nursing home residents with pen pals RSVP Live A cold house can be harmful to your health Sciencenorway Scotiabank providing five back-up days for elder care Benefits Canada Unsung Heroes: A doctor and a social entrepreneur have tried to make life easier for the elderly in Bengaluru The Indian Express The role of immigrants in the market for elder care Brookings Institution Long-term Care Covid-19 External Review Government of Prince Edward Island 'We don't have that much time': Inglewood seniors disappointed by delay of small-scale care home CBC.ca Above average is still failing on boosters Star Tribune Opinion | Our elders 'do not need more of the same system we already have' Waterloo Region Record Opinion | Without day care and elder-care workers, the economy will founder The Washington Post Elder-care potential in GBA? - Chinadaily.com.cn China Daily Increasing Aging Population to Drive Demand for Geriatric Care Services at 5.3% CAGR through 2028: Fact.MR Study GlobeNewswire Ontarians Aged 18+ Eligible for Bivalent COVID-19 Booster Dose | Ontario Newsroom Government of Ontario News Stefanik, Harder, Cline Introduce Empowering Employer Child and Elder Care Solutions Act Congresswoman Elise Stefanik Prairie Elder Care founders launch subscription box startup for dementia patients - Kansas City Business Journal The Business Journals Elder Care – SWHELPER SWHELPER Analysis: More long-term care beds in Ontario won't help without well-paid, well-trained staff Brighter World Out of money, out of hope. Ontario seniors are pushed into long-term care for lack of better options Canada's National Observer |
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