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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: Comparing how much assisted living costs by state The Washington Post Long-Term Care, Retirement Home and Elder Care Lodge Resources | HKPR District Health Unit Haliburton, Kawartha, Pine Ridge District Health Unit Facing financial ruin as costs soar for elder care The Philadelphia Inquirer Perley Health Foundation reaches $10M goal to transform elder care – Ottawa Business Journal Ottawa Business Journal A fire, two deaths and the business of elder care in India Al Jazeera English Groundbreaking Sets PACE for Elder Care in Valley » Holtville Tribune Holtville Tribune Elder Care Services to host I-PASS Assist program in DeKalb Shaw Local News Network Insights on Exposing, Resolving Chronic Underfunding of Nursing Homes Skilled Nursing News Ontario Breaks Ground on Long-Term Care Home in First Nation Community Government of Ontario News Bridging the gap: The need for fair wages in elder care services in New Hampshire – New Hampshire Bulletin New Hampshire Bulletin Frailty Coordinator Lauren Jefferson supports seniors in their health care journey Nova Scotia Health Authority Ontario's response to COVID's long-term-care crisis lacks an 'easy fix,' says elder law lawyer Law Times Facing Financial Ruin as Costs Soar for Elder Care The New York Times Where do seniors live in America? Here’s where 11 call home The Washington Post Hôpital Glengarry Memorial Hospital Embarks on Transformative Elderly Care with the Implementation of the Hospital ... Cornwall Seaway News Creating 'centres of excellence' will help improve senior care in hospitals, says health minister CBC.ca B.C. Seniors Advocate in Courtenay for presentation on elder care Comox Valley Record Big Profits in Caring for the Elderly The New York Times NJ adds palliative care to Medicaid NJ Spotlight News Facing financial ruin as costs soar for elder care The Seattle Times Advice | Carolyn Hax: She's an at-home mom. Why can't she do elder care, too? The Washington Post Elder care home under construction on Tyendinaga Mohawk Territory Ontario Construction News 7 Elder Care Stocks to Take Advantage of Aging America InvestorPlace Is this the future of queer elder care? Xtra Magazine Desperate Families Search for Affordable Home Care The New York Times Calgary seniors produce play on mandatory medical assistance in dying to cope with rising health care costs Global News Rock and Roll and Elder Care in “Goldie” The New Yorker Senior care is crushingly expensive. Boomers aren't ready. The Washington Post These adorable Japanese robots are being used for elder care Interesting Engineering Elderly Care Market To Reach USD 1,902.7 Billion By 2032 Report By DataHorizzon Research Yahoo Finance 'Love robots' are moving into this B.C. seniors home North Shore News Free cognitive screenings available at Elder Care Dec. 14 Examiner Enterprise Community Spotlight: Ground broken on new state-of-the-art Elder Care Home in Tyendinaga Mohawk Territory Napanee Today What Long-Term Care Looks Like Around the World The New York Times Aging with dignity in the community | CMA Canadian Medical Association Facing Financial Ruin as Costs Soar for Elder Care HealthLeaders Media 2024 Executive Forecast: What 9 Home Care Leaders Expect Next Year Home Health Care News School of Social Work alum wins distinguished award for elder care advocacy - Wayne State University School of Social Work alum wins distinguished award for elder care advocacy Wayne State University As China ages, pilot scheme plans to take loneliness out of retirement homes South China Morning Post 11 Signs Your Aging Parents Need Senior Care | U.S. News U.S. News & World Report Elder Care Services looks for new volunteers for meal delivery program WTXL ABC 27 Tallahassee News Feds commit $30.25M towards new Tyendinaga elder care home The Intelligencer Elder Care celebrates 40th year with Open House Saturday Examiner Enterprise Elder care and growing guide: expert tips on sambucus | Homes & Gardens Japan: Nintendo bringing Switch to elder care facilities to help keep seniors minds active My Nintendo News Geriatric Care Services Market to Grow at a 7.3% CAGR from 2023 to 2028, reaching US$ 0.7 billion: TMR Report GlobeNewswire New AI safety system tracks seniors in care homes while giving them more privacy, researchers find CBC.ca Opinion: Elder care requires more than just money The Daily Titan A More Humane Model for Eldercare in the U.S. HBR.org Daily Inside Japan’s long experiment in automating elder care MIT Technology Review Caregivers Worry About a Lack of Resources for Long-term Care The New York Times She Means Business: More solutions to the 'sandwich' problem - Bizwomen The Business Journals Elder-care startups look at filling the void The Financial Express Wisconsin's elder care facilities face staffing, financial challenges that threaten care Wisconsin Public Radio Homeless seniors in Phoenix, elsewhere are flooding shelters The Washington Post |
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