Elder Care Information

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:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Former N.H. elder care worker sentenced for stealing fentanyl - The ...
The Boston Globe
A former worker at a long-term care facility for the elderly in Salem, N.H., was given a three-year suspended prison sentence and two years of probation for stealing prescription fentanyl from a resident, the New Hampshire attorney general's office ...

and more »


Forbes

The Most Important Year-end Talk You Should Have About Elder Care
Forbes
It's been a sad, tough year for my family. I lost my oldest cousin and last uncle. In the same week that they passed, I had to situate my Dad in a memory care apartment due to his dementia. None of this was easy. Although nearly every financial expert ...



Carlisle Sentinel

Elder Care: Is nostalgia good for a new year?
Carlisle Sentinel
Some people may focus on January as an end to negative events of the previous year and look forward with hope to a new beginning. Others may look back over any number of years and reminisce about days gone by, and perhaps feel a little uncertain about ...



Pittsburgh Business Times

Elder care industry transitions toward more independent living ...
Pittsburgh Business Times
Organizations providing services for older adults are increasingly moving toward independent living solutions, even as they expand their facilities.

and more »


PBS NewsHour

10 questions to ask before hiring an elder care attorney | PBS ...
PBS NewsHour
Editor's Note: Journalist Philip Moeller is here to provide the answers you need on aging and retirement. His weekly column, “Ask Phil,” aims to help older Americans and their families by answering their health care and financial questions. Phil is the ...

and more »


Worcester Business Journal

Fallon Health names elder care exec
Worcester Business Journal
Worcester health insurer Fallon Health has promoted Annamaria Salisbury to lead its Summit ElderCare program as executive director, according to a company statement issued last week. Salisbury joined Fallon in 2010, overseeing one of Summit ElderCare's ...



WTXL ABC 27

Elder Care Services celebrates 100th birthday of Amanda Gee
WTXL ABC 27
(WTXL) - Tallahassee's Elder Care Services is celebrating the 100th birthday of one of their foster grandparent volunteers. Amanda Gee has served for 20 years at George W. Munroe Elementary School in Quincy, Florida. Gee was born in 1918 in Quincy and ...



HuffPost

Eldercare Stress During The Holiday Season – how to stay positive, productive, and sane.
HuffPost
Eldercare issues are dynamic and frequently require decisions be made with incomplete information-which is stressful. Unfortunately, under these circumstances, people tend to revert back to old patterns of thoughts and behaviors. As children Bobby was ...



The Daily Herald

Editorial: Act would help solve looming elder care crisis
The Daily Herald
Editorial: Act would help solve looming elder care crisis. As our society ages, we have to make a provision for family members' and our own long-term care. Tuesday, January 16, 2018 8:32am; OpinionIn Our View. You must sign in or register to continue ...

and more »


The Sentinel

Elder Care: Avoiding major decisions while grieving
The Sentinel
Serving as a guide to help our clients make wise decisions as they face long-term care issues is challenging. No two fact patterns are exactly alike. Even when facts or circumstances seem to be similar, it is important to recognize that different ...


Google News

home | site map
© 2009 Asteroidsearch .om