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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: A pioneering S.F. program seeks to keep rapidly aging immigrant population out of nursing homes San Francisco Chronicle NTI Invests in Community Facilities for Elder Care Nunavut Tunngavik Inc. Elder Law Guys: Filial responsibility is back — will you be responsible to pay for your family member’s care? Pittsburgh Post-Gazette '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 Physiotherapy Elder Care Outpatient Clinic at Vancouver General Hospital Vancouver Coastal Health Guiding Souls Home Care Continues To Set New Standards In Elder Care In Sacramento The Globe and Mail Frailty Nova Scotia Health ‘What they wanted to see’: Rankin Inlet elder facility to welcome 22 residents in April Nunatsiaq News BPK student research looks to history to find a way forward for Indigenous elder care Simon Fraser University Canada’s aging crisis and a call for reform in eldercare The Hill Times Nova Scotia Health’s Dignity of Risk Program leading change in caring for older adults living with frailty and dementia Nova Scotia Health Seniors Care Program Royal Victoria Regional Health Centre Bay of Quinte Mohawks donate $60K each to Elder Care Home project, Belleville General Hospital Foundation Kingstonist News Eugeria Acquires Eldergrow, Relaunching Trusted Therapeutic Gardening Program for Senior Living PRWeb Video: How the Immigration Crackdown Threatens Elderly Care The New York Times 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 - International Development Research Centre Stepping towards better health: Early Mobility team wins Nova Scotia Health Quality Award Nova Scotia Health A game of hide and seek? McKnight's Long-Term Care News WHO calls for urgent transformation of care and support systems for older people World Health Organization (WHO) Elder Care Homecare Expands Commitment to Families with Specialized In-Home Care for ALS in New York City The Globe and Mail Support for Seniors and Caregivers Act ontario.ca Why Cameras Are Popping Up in Eldercare Facilities KFF Health News Geriatrics Sinai Health Help! I Can’t Believe the Disgusting Thing My Father Did at My House. I Demand an Explanation. Slate Opinion | The Decline in Geriatric Care Hurts Us All The New York Times When Elder Care Is All in the Stepfamily The New York Times Companion Care - Robotic devices are becoming more prevalent for senior care and companionship Trend Hunter Digitalization for Improving Elder Care Asian Development Bank Bonjour Résidences at the SMASH Conference in Las Vegas: Technological Innovations for Senior Care Bonjour Résidences Research Reaches Aging | Faculty of Nursing University of Alberta National Yarning Circle opens in Adelaide to advance Aboriginal and Torres Strait Islander aged care Inside Ageing Norbert Health and Lumina Care Announce Strategic Partnership to Transform Elder Care through AI Technology Business Wire New long-term care home coming soon to Kamloops BC Gov News MHA grad rewrites policy to benefit elder care USC Price School Ageing and health World Health Organization (WHO) A look at elder care initiatives in Northside - The Daily Tar Heel New long-term care home coming to Squamish BC Gov News Elderly care highlighted at China's 'two sessions' Global Times AEDs for Retirement Homes and Elderly Care Zoll Medical Long-term care home moves forward in Surrey Fraser Health Authority Indigenous-led aged care the focus of national yarning circle National Indigenous Times President's Budget Proposal for FY26 Harmful for Aging Service The National Council on Aging (NCOA) Elder Care Graduates in Hot Demand in China Sixth Tone China to use AI in elder care as population ages: official The Economic Times Sunnybrook Leads the Way: First Canadian Hospital to Achieve Age-Friendly Health System Status Sunnybrook Hospital Georgia State University, A.G. Rhodes Launch Innovative Elder Care Partnership Georgia State University News Automation Solutions for an Aging Society: The Future of Elder Care A3 Association for Advancing Automation Juniper’s Industry-Leading AI-Native Network Transforms User Experiences and Safeguards Data for St Luke’s ElderCare in Singapore Passionate In Marketing Elder care practitioner Jade Jasken joins Essentia Health St. Mary’s-Detroit Lakes Clinic Essentia Health B.C. judge orders $1.2 million home returned to victim in shocking case of elder abuse Vancouver Sun Helene left some N.C. elder-care homes without power North Carolina Health News Ontario Building New Hospital in Moosonee ontario.ca Will the Coalition’s aged care waitlist pledge hold up? Aged Care Guide |
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