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: Canada’s aging crisis and a call for reform in eldercare The Hill Times AwareCare Safety Announces Expansion into Elder Care Facilities to Enhance Resident Safety and Care AccessWire Evolutionary game analysis of building a sustainable intelligent elderly care service platform Nature.com Greek Elder Care Network: Honoring Greek American Veterans Western Queens Gazette 'Failure of government': Nunavut elder care needs to be brought home, federal minister says - CBC.ca Retirement and Elderly Care ZOLL Medical CUPE endorses report on B.C. long-term care, urges other provinces to take note Canadian Union of Public Employees Abuse of older people World Health Organization Rustad unveils plans for seniors’ care Prince George Daily News MLA presses government on status of elder-care home work Nunatsiaq News 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 Quebec is 'one minute to midnight before a collapse of the elder-care system,' provider says Montreal Gazette Photos: Elder Care Services cuts ribbon for Cozy Corner in DeKalb Shaw Local News Network Assisted Living Technology Panasonic Canadian grad's elder care app wins Apple's Swift Student Challenge, earns Tim Cook's praise MobileSyrup More New Long-Term Care Rooms Open in Mahone Bay Government of Nova Scotia Senior Moment The Wire Ageing and health World Health Organization Automation Solutions for an Aging Society: The Future of Elder Care A3 Association for Advancing Automation B.C. judge orders $1.2 million home returned to victim in shocking case of elder abuse Vancouver Sun Can Harris’s proposed ‘at-home Medicare’ end the dreaded ‘spend down’ of senior assets? The Guardian Donna Buntin honored for elder care work Main Street Media of Tennessee Elder Care Graduates in Hot Demand in China Sixth Tone Georgia State University, A.G. Rhodes Launch Innovative Elder Care Partnership Georgia State University News Sunnybrook Leads the Way: First Canadian Hospital to Achieve Age-Friendly Health System Status Sunnybrook Hospital Knowing when to consult with elder law experts Cleveland Jewish News 'She was evil': Former B.C. care aide sentenced for stealing from seniors CTV News Vancouver When Elder Care Is All in the Stepfamily The New York Times Seniors Housing Operating Performance Cushman & Wakefield Opportunities and challenges of integrating artificial intelligence in China's elderly care services Nature.com New policy on paying for care costs in Northern Ireland’s nursing homes is lawful says court Belfast News Letter Ontario Building New Hospital in Moosonee Government of Ontario News 5 big changes to Medicare 2025 plans you should know during open enrollment Medical News Today I’m 88 and building a care home for my friends The Telegraph Could a robot keep grandma company? UBC IDEA lab experiments with AI for elder care - Ubyssey Online Trump wants to put HHS in hands of RFK Jr., whose views on senior care remain out of view McKnight's Long-Term Care News WATCH: Consoling ‘sandwich generation’ caregiver, Harris says in-home health plan is about dignity PBS NewsHour Nursing home shortage is hitting rural Minnesota the hardest St. Paul Pioneer Press Spotting the Signs of Elder Abuse National Institute on Aging Helene Left Some NC Elder-Care Homes Without Power The Assembly Green Houses: A communal approach to elder care Association of Health Care Journalists Entire Staff Quit At Four Nursing Homes in Japan Unseen Japan Medicaid Applicants: Protecting Your Healthy Spouse in 2025 ElderLawAnswers.com Transforming Elderly Care with AI and Radar – Insights from Cherish Health CEO Sumit Nagpal Alvarez & Marsal Ontario Breaks Ground on Long-Term Care Home in Pickering Government of Ontario News Senior care company Papa maps out safety and trust standards for growing home healthcare industry Fierce healthcare Health System News Transforming Elderly Care with the Hospital Elder Life Program Ontario Hospital Association Long-Term Care, Retirement Home and Elder Care Lodge Resources Haliburton, Kawartha, Pine Ridge District Health Unit Exclusive | Harris' plan for in-home elder care will cost tens of billions more than projected: economists New York Post |
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