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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: Elder care in every Nunavut community more efficient than centralized facilities: Iqaluit Elders Society Penticton Herald Court urges strong support for elderly China Daily Elliot Lake seniors get new transportation option for healthcare access ElliotLakeToday.com St. Vincent’s Nursing Home votes to strike Canadian Union of Public Employees Quick service app Snabbit to expand into cooking, elder care, child care after $30 million fundraise The Economic Times The Coming Elder Care Challenge: More People Are Beginning To Notice Center for Retirement Research What can advisors do to help clients managing elder care, childcare costs Wealth Professional Canada Redland Bay aged care employee charged after allegedly stealing debit card from 104yo man Australian Broadcasting Corporation Ontario Building Long-Term Care on Manitoulin Island Ontario Newsroom When Caregiving Makes Women Ill The New York Times Aged care worker charged after 104-year-old robbed Yahoo News Australia Elder Law Guys: Fighting against Alzheimer’s, Parkinson’s and traumatic brain injuries Pittsburgh Post-Gazette Mental health of older adults World Health Organization (WHO) Sunshine Coast elder care project uses art to ask who cares Coast Reporter Anne Enright: ‘I’m in a lull. I’m trying to recalibrate after a long decade of elder care’ The Irish Times Heart of Health: Linda Armstrong’s passion for geriatric nursing care Nova Scotia Health Council awards car park site to Indigenous aged care provider for $1 fee Australian Broadcasting Corporation Elder Services of Berkshire County braces for funding cuts as state looks to fill health care gaps The Berkshire Eagle Kerala set to roll out ‘Time Bank’ for elderly care; pilot from today The New Indian Express How Japan's 'Macho Caregivers' Are Revolutionizing Elder Care Tokyo Weekender Ageing and health World Health Organization (WHO) Schedule of Subsidies and Supplements for Residential Aged Care Australian Government Department of Health, Disability and Ageing Ontario Taking Action to Support Seniors and their Caregivers Ontario Newsroom When a 91-year-old renter in Toronto is evicted with nowhere else to go, our governments have failed completely Toronto Star Welltower 3.0’s ‘laser’ focus on long-term care revealed in UK deal some call ‘world’s largest’ McKnight's Long-Term Care News Nova Scotia Health’s Dignity of Risk Program leading change in caring for older adults living with frailty and dementia Nova Scotia Health Senior Living Market Size & Share | Industry Report, 2033 Grand View Research LETTER: Elder care a looming crisis for Oak Bay Oak Bay News Why seniors’ care should have been on the election agenda The Conversation Ontario Expanding Access to Community Long-Term Care Services Ontario Newsroom Innovative Nutrition Strategies for Dysphagia in Seniors Bioengineer.org Police investigate suspicious death in Abbotsford senior care home CityNews Vancouver Commentary: The monthly tab for her in-home elder care: $18,000. She can cover it, but how many others can? Los Angeles Times Assessing Quality of Life for Seniors in Care Bioengineer.org Visionaries Unite: How the West Coast Conference on Aging is Rewriting the Future of Senior Care The Daily Scan 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 Elderly care: The visible and invisible International Labour Organization NTI Invests in Community Facilities for Elder Care Nunavut Tunngavik Inc. DA granted for Perth’s first Aboriginal aged care home Australian Ageing Agenda Abramson Senior Care merges into Jewish Family and Children's Services The Business Journals Youth employment and elder care: a dual challenge in Morocco | AFD AFD - Agence Française de Développement BPK student research looks to history to find a way forward for Indigenous elder care Simon Fraser University Mark Yaffe: Pioneering Excellence in Elder and Mental Health Care | Department of Family Medicine McGill University Stepping towards better health: Early Mobility team wins Nova Scotia Health Quality Award Nova Scotia Health Emotional needs and service process optimization in combined medical and elder care: A TRIZ approach ScienceDirect.com Woman charged in relation to financial elder abuse, Redland Bay Queensland Police News Your Company Needs an Eldercare Policy Harvard Business Review Leon County seniors at risk as deadline for SNAP benefits funding approaches WTXL ABC 27 Tallahassee News ‘What they wanted to see’: Rankin Inlet elder facility to welcome 22 residents in April Nunatsiaq News San Joaquin County area’s best nursing homes ranked by Newsweek. See the full California list The Stockton Record Also in the News for Tuesday, Oct. 28 McKnight's Long-Term Care News Aged care worker charged after alleged $30,000 theft from 104-year-old resident in Redland Bay Redland Bayside News From Mom-Care to Action: Identifying the Crises in Eldercare Minnesota Women's Press ADB urges inclusive long-term elder care framework in Bangladesh United News of Bangladesh Extended Family Home Care Continues Dedication to Offering Trusted Elder Home Care in Denver, CO. openPR.com '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 Legendary Smart Tech for Caregivers Boosts Senior Independence Delaware LIVE News Elderly patients can deteriorate hourly in the ER. This team works against the clock to get them out CBC Seniors Helping Seniors® In-Home Care Services Expands in Florida with opening in East Tampa and Lakeland, Florida Franchising.com Theresa Payton: AI Layoffs, Robots Providing Elder Care WBT Charlotte's News Talk Senior Living Expert Matt Clinton of Sun Terrace Hermiston Shares Expertise on What Are the Best Ways to Pay for Senior Living in HelloNation The Manila Times Death of man trapped under bed for hours sparks closure of unlicensed CT elder care facilities CT Insider Recreation therapy associates at the heart of the Early Mobility Program at St. Martha’s Regional Hospital in Antigonish Nova Scotia Health Unravelling the combination of medical and elderly care in China: a comprehensive policy analysis Nature |
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