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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: Daycare and elder care could be covered by council's expense budget next term CollingwoodToday.ca Elder Law Attorney Michael LaMagna Appointed to National Aging in Place Council NYC Board The Globe and Mail Geriatric care knowledge and its determinants in Africa: a systematic review and meta-analysis BMC Geriatrics Elliot Lake seniors get new transportation option for healthcare access ElliotLakeToday.com ‘It is such a wonderful gift’: Robotic arm restores independence in long-term care during mealtimes CTV News Making connections for elder care The Eastern Door Share your elder care experience with The Post The Washington Post From hospital to home: How Care Coordination Centre (C3) technology is supporting seniors’ recovery Nova Scotia Health Families turn to ‘proxy children’ as elder care demand surges The Times of India Sunshine Coast elder care project uses art to ask who cares Coast Reporter Elder Care Homecare Continues Commitment To Be Scarsdale’s Trusted Home Care Agency The Globe and Mail Elder Care Homecare Continues Prioritizing Senior Well-being Through Trusted Home Care in Long Island The Globe and Mail Elder Care Homecare Reaffirms Commitment, Continues Offering Premier Home Care Services in Manhattan The Globe and Mail Heart of Health: Linda Armstrong’s passion for geriatric nursing care Nova Scotia Health Amrut Anand: BVG India Evaluates Entry Into Organised Elder-Care Sector Sahyadri Startups St. Vincent’s Nursing Home votes to strike Canadian Union of Public Employees Pune: Ruby Hall Clinic Partners With Emoha Eldercare To Strengthen Elder Care Ecosystem Sahyadri Startups ‘Risk’: Cops pepper spray 87yo with dementia News.com.au AARP addresses family caregiving among Floridians WMNF 88.5 FM What can advisors do to help clients managing elder care, childcare costs Wealth Professional Canada Senior living: A golden period begins for developers on rising NRI interest The Economic Times Robots will play a growing role in elder care, experts say ConsumerAffairs The Coming Elder Care Challenge: More People Are Beginning To Notice Center for Retirement Research Elderly care: The visible and invisible International Labour Organization Why seniors’ care should have been on the election agenda The Conversation When a 91-year-old renter in Toronto is evicted with nowhere else to go, our governments have failed completely Toronto Star AI Companions Redefine Elder Care: 3 Ways They Fight Loneliness, Boost Safety And Scale Support Forbes New tracker finds rapid private equity expansion in elder care Private Equity Stakeholder Project PESP Commentary: The monthly tab for her in-home elder care: $18,000. She can cover it, but how many others can? Los Angeles Times BPK student research looks to history to find a way forward for Indigenous elder care Simon Fraser University Iowa nursing home owner faces 17 claims over resident deaths or harm in 16 months Iowa Capital Dispatch Stepping towards better health: Early Mobility team wins Nova Scotia Health Quality Award Nova Scotia Health Visionaries Unite: How the West Coast Conference on Aging is Rewriting the Future of Senior Care The Daily Scan From Durham to Denmark: A global lens on elder care ArcGIS StoryMaps Youth employment and elder care: a dual challenge in Morocco AFD - Agence Française de Développement Your Company Needs an Eldercare Policy Harvard Business Review Navigating Senior Care: What Adult Caregivers need to know before choosing senior living or in-home care Delaware LIVE News NTI Invests in Community Facilities for Elder Care Nunavut Tunngavik Inc. How Aging Infrastructure Threatens Senior Care Emergency Plans Provider magazine How Japan's 'Macho Caregivers' Are Revolutionizing Elder Care Tokyo Weekender Winnipeg care home garners North American award Winnipeg Free Press 'Gatekeeping Power': 3-Day Stay Rule Remains Locked in by Preferred Provider Networks, Star Ratings for Nursing Homes Skilled Nursing News ‘What they wanted to see’: Rankin Inlet elder facility to welcome 22 residents in April Nunatsiaq News Nursing researcher explores elder care collaboration and study abroad pipelines in Taiwan Purdue University Video: How the Immigration Crackdown Threatens Elderly Care The New York Times Social gender norms deepen elderly care burdens for Thai women The University of Manchester '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 Unravelling the combination of medical and elderly care in China: a comprehensive policy analysis Nature Google India launches comprehensive Elder Care Program to help employees care for their aging parents The Times of India Aged Care Reform: “Now, people are at the center” SBS Australia Roy Adaptation Model Boosts Elderly Health in Care Bioengineer.org UVM program connects teens with older adults in hopes of boosting the elder care workforce Vermont Public |
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