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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: Anglican elder care specialist and advocate named to Order of Canada Anglican Journal Frailty Nova Scotia Health Authority How companies can ease the strain on employees taking care of elderly parents or ill family members CNN 'Failure of government': Nunavut elder care needs to be brought home, federal minister says - CBC.ca MLA presses government on status of elder-care home work Nunatsiaq News Rustad unveils plans for seniors’ care Prince George Daily News B.C. judge orders $1.2 million home returned to victim in shocking case of elder abuse Vancouver Sun Exclusive | Harris' plan for in-home elder care will cost tens of billions more than projected: economists New York Post Care for elderly Global Times CityLine: Aging in Boston WCVB Boston More New Long-Term Care Rooms Open in Mahone Bay Government of Nova Scotia 'No good options left': Weinberg Campus wants $14M from NY to keep nursing home open, transfer ownership Buffalo News Gunman Enters Elder Care Home, Kills Mother and 5 Other People: Reports Yahoo News Canada Kenora site chosen for new Wiigwas care home NWONewsWatch.com Automation Solutions for an Aging Society: The Future of Elder Care A3 Association for Advancing Automation When Elder Care Is All in the Stepfamily The New York Times Elder Care Graduates in Hot Demand in China Sixth Tone Norbert Health and Lumina Care Announce Strategic Partnership to Transform Elder Care through AI Technology Business Wire Made-in-BC care model inspired by concepts of a dementia village will be adopted by new Prince George long-term care home The Daily Scan 'She was evil': Former B.C. care aide sentenced for stealing from seniors CTV News Vancouver Could a robot keep grandma company? UBC IDEA lab experiments with AI for elder care - Ubyssey Online Opportunities and challenges of integrating artificial intelligence in China's elderly care services Nature.com Helene left some N.C. elder-care homes without power North Carolina Health News Harris In-Home Care Plan Recognizes Information Gap on Seniors The American Prospect China aims to strengthen elderly care China Daily Ontario Building New Hospital in Moosonee Government of Ontario News Helene Left Some NC Elder-Care Homes Without Power The Assembly Northern seniors still waiting for nursing home beds Telegraph-Journal Seniors' Day celebrated across China People's Daily Iowa leads lawsuit against federal nursing home staffing requirement Iowa Public Radio BREAKING: 20 states sue in new effort to block federal nursing home staffing mandate McKnight's Long-Term Care News The five numbers that determine whether you’ll pay more for aged care The Australian Financial Review Health System News Transforming Elderly Care with the Hospital Elder Life Program Ontario Hospital Association Kansas joins Iowa lawsuit to block federal rules requiring more nursing home staff The Topeka Capital-Journal Elder Care Assistive Robots Market Size, Share Report, 2030 Grand View Research How for-profit nursing home regulators can use the powers they already have to fix growing problems with poor-quality care The Conversation 3-in-1 centre offers integrated community care for seniors The Straits Times Harris Proposes Medicare Benefits for Home Care, Vision and Hearing The New York Times Transforming Elderly Care with AI and Radar – Insights from Cherish Health CEO Sumit Nagpal Alvarez & Marsal A fire, two deaths and the business of elder care in India Al Jazeera English Kamala Harris' pitch to families struggling to care for both kids and aging parents: Medicare for in-home eldercare Business Insider Are Your Elder Care Legal Needs Really Being Met? News Channel 5 Nashville Personal Conflicts, Even Violence, Are Not Uncommon in Long-Term Care The New York Times Senior Care Planning: A Step-By-Step Guide A Place for Mom AFMC Hosts Health Awareness Program Focusing on Dementia and Elder Care The Bridge Chronicle Looking for affordable elderly care options Global Times Good News: Tulsa senior living community receives workplace award KOKI FOX 23 TULSA |
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