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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: Barcelona deploys elder care robots backed by EU recovery funds Global Banking & Finance Review® Ontario Expanding Dementia Care ontario.ca Breakthrough lung therapy, elder care and mental health research gets $2.3M boost - Brock University Innovating care for an aging China China Daily Long-Term Care, Retirement Home and Elder Care Lodge Resources Lakelands Public Health Elliot Lake seniors get new transportation option for healthcare access ElliotLakeToday.com Ageing and health World Health Organization (WHO) Nursing home funding gaps could impact NYS healthcare New York Amsterdam News Sunshine Coast elder care project uses art to ask who cares Coast Reporter Making connections for elder care The Eastern Door Manitoba’s quiet elder care crisis niageing.ca How Can China's “One Child” Generations Solve Its Elder-Care Problem? The World of Chinese How medtech adoption is transforming senior care and how this trend will accelerate in 2026 Express Computer Is immigration good for the health of older Americans? marketplace.org Fake Mental Hospitals Highlight China’s Elder Care Challenge The Diplomat – Asia-Pacific Current Affairs Magazine Nancy Guthrie's Disappearance: Keeping Older Adults Safe ElderLawAnswers Heart of Health: Linda Armstrong’s passion for geriatric nursing care Nova Scotia Health IHPME alumna Lisa Alcia’s path to becoming a health care executive Dalla Lana School of Public Health Health care workers, government and health employers commit to historic agreement on improving seniors’ care Hospital Employees' Union The Coming Elder Care Challenge: More People Are Beginning to Notice Center for Retirement Research From hospital to home: How Care Coordination Centre (C3) technology is supporting seniors’ recovery Nova Scotia Health When a 91-year-old renter in Toronto is evicted with nowhere else to go, our governments have failed completely Toronto Star St. Vincent’s Nursing Home votes to strike Canadian Union of Public Employees Walkers hit the streets in push for Vancouver Island seniors care investment - Nanaimo News Bulletin Walkers hit the streets in push for Vancouver Island seniors care investment Nanaimo News Bulletin New Glasgow senior living 'his way', with help from Continuing Care Nova Scotia Health As Elder Care Needs Grow, What’s Your Organization’s Plan? NEJM Catalyst Innovations in Care Delivery This start-up is transforming elder care in Hong Kong The World Economic Forum What can advisors do to help clients managing elder care, childcare costs Wealth Professional New tracker finds rapid private equity expansion in elder care Private Equity Stakeholder Project PESP Visionaries Unite: How the West Coast Conference on Aging is Rewriting the Future of Senior Care The Daily Scan Winnipeg care home garners North American award Winnipeg Free Press $26 million senior care facility planned in Anna The Business Journals Korea must treat foreign elder care workers as skilled pros, not cheap labor, experts warn The Korea Times How Japan's 'Macho Caregivers' Are Revolutionizing Elder Care Tokyo Weekender A Caregiver’s Grief, Part Two Door County Pulse Inventing the Future of Seniors Care at Sunnybrook’s Peter Cipriano Centre Sunnybrook Foundation Mark Yaffe: Pioneering Excellence in Elder and Mental Health Care McGill University From Durham to Denmark: A global lens on elder care ArcGIS StoryMaps Why seniors’ care should have been on the election agenda The Conversation Component 4 BCGEU Members in Seniors' Care - Wage-levelling ending at fully private seniors’ care sites BC General Employees' Union (BCGEU) Your Company Needs an Eldercare Policy Harvard Business Review Botswana’s hike of old age pensions hasn’t fixed the problem of who cares for them – new study Modern Ghana DBS’ $72m loan to PLife REIT to finance elder care in Japan Healthcare Asia Magazine AI Companions Redefine Elder Care: 3 Ways They Fight Loneliness, Boost Safety And Scale Support Forbes The business of caring for older Americans is in a deepening crisis The Washington Post Why a dementia village in the Netherlands is fueling hope in D.C. The Washington Post Despite paying a premium for assisted living, seniors say they aren’t getting promised care Star Tribune Nursing researcher explores elder care collaboration and study abroad pipelines in Taiwan Purdue University Aspiring Elder Care Physician, Advocate Wins Urann Fellowship The University of Texas at Dallas Elderly patients can deteriorate hourly in the ER. This team works against the clock to get them out CBC CIUSSS du Centre-Ouest de l'Île de Montréal | Long-Term Care Centre CIUSSS West-Central Montreal Reimagining Care Across Generations CalMatters Opinion: Addressing New Hampshire’s nursing home crisis Concord Monitor Unravelling the combination of medical and elderly care in China: a comprehensive policy analysis Nature This town lost its aged care home. Now locals have taken back the keys Australian Broadcasting Corporation Stepping towards better health: Early Mobility team wins Nova Scotia Health Quality Award Nova Scotia Health Senior & Elder Care Planning Rochester Business Journal Moreno calls for ‘dignity’ for seniors at opening of Manila’s first adult day care Philippine Information Agency The opportunity to innovate in senior housing McKinsey & Company |
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