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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: ‘Comfort carts’ aim to ease ER waits for seniors Times Colonist Breakthrough lung therapy, elder care and mental health research gets $2.3M boost - Brock University Heller School receives $25 million grant to study elder care Brandeis University Long-Term Care, Retirement Home and Elder Care Lodge Resources Lakelands Public Health Manitoba’s quiet elder care crisis niageing.ca Elliot Lake seniors get new transportation option for healthcare access ElliotLakeToday.com Beijing Launches World’s First Elder-Care Robot Station The Daily CPEC Health care workers, government and health employers commit to historic agreement on improving seniors’ care Hospital Employees' Union Sunshine Coast elder care project uses art to ask who cares Coast Reporter The Looming Crisis in Home Health Care The New Republic Ageing and health World Health Organization (WHO) Mental health of older adults World Health Organization (WHO) From hospital to home: How Care Coordination Centre (C3) technology is supporting seniors’ recovery Nova Scotia Health Nursing home shortage: Have we failed our seniors? Royal Gazette | Bermuda Sparking a National Conversation on Work-Life Balance Carleton University Baker Lake race focuses on new health centre, elder facility Nunatsiaq News What is the cost of in-home dementia care? Citizen Tribune What to know about types of facilities, care for aging in place SummitDaily.com India’s elder care was supposed to reach homes, but households and families are taking on the work Scroll.in Heart of Health: Linda Armstrong’s passion for geriatric nursing care Nova Scotia Health How Can China Solve Its Elder-Care Problem? The World of Chinese St. Vincent’s Nursing Home votes to strike Canadian Union of Public Employees Lagos state, stakeholders to advance care policy development The Guardian Nigeria News Walkers hit the streets in push for Vancouver Island seniors care investment - Nanaimo News Bulletin Walkers hit the streets in push for Vancouver Island seniors care investment Nanaimo News Bulletin Providing Quality Nursing Care to the Carneys Point Community: The Mission of Autumn Lake Healthcare openPR.com 'It should never happen': Vulnerable adults sexually assaulted inside Utah nursing homes FOX 13 News Utah This start-up is transforming elder care in Hong Kong The World Economic Forum Ontario Taking Action to Support Seniors and their Caregivers Ontario Newsroom Fake Mental Hospitals Highlight China’s Elder Care Challenge The Diplomat – Asia-Pacific Current Affairs Magazine Police shut down unlicensed senior home care; operator facing elder exploitation charges 11Alive.com Royal Commission into Aged Care Quality and Safety submissions - O'Brien Criminal & Civil Solicitors Royal Commission into Aged Care Quality and Safety submissions O'Brien Criminal & Civil Solicitors 'Cheaper than Medicaid': N.Y. advocates make the argument for budget expansion of Alzheimer’s assisted care program Spectrum News As Elder Care Needs Grow, What’s Your Organization’s Plan? NEJM Catalyst Innovations in Care Delivery New tracker finds rapid private equity expansion in elder care Private Equity Stakeholder Project PESP Korea must treat foreign elder care workers as skilled pros, not cheap labor, experts warn The Korea Times Roswell personal care home shut down, 10 seniors relocated Atlanta News First Iowa nursing homes’ staffing violations outpace neighboring states Iowa Capital Dispatch How Japan's 'Macho Caregivers' Are Revolutionizing Elder Care Tokyo Weekender Winnipeg care home garners North American award Winnipeg Free Press Hawaii doctors warn aging crisis is outpacing geriatric care system Honolulu Star-Advertiser Visionaries Unite: How the West Coast Conference on Aging is Rewriting the Future of Senior Care The Daily Scan Larry H. Miller COO Frasure Says Dealing With MA Burdens and Higher Acuity Has No ‘Short-Term Fix’ Skilled Nursing News Newport Home Care Responds to Rising Demand for Concierge-Level Aging in Place as 10,000 Americans Turn 65 Each Day ACCESS Newswire Unlicensed senior home care operator arrested on charges related to elder exploitation in Roswell 11Alive.com Mark Yaffe: Pioneering Excellence in Elder and Mental Health Care McGill University Autumn Lake Healthcare at Salem County Redefines Quality Senior Living with Compassionate, Community-Focused Care Carroll County Mirror-Democrat Skilled Nursing Dealbook: NY Nursing Home Sells for $75M; Selectis Selling 2 Facilities to Journey for $15.7M Skilled Nursing News Why more seniors are being asked to care for their partners — alone The Washington Post Autumn Lake Healthcare Strengthens Community Ties with Health and Wellness Fair for Local Families openPR.com Nursing researcher explores elder care collaboration and study abroad pipelines in Taiwan Purdue University From Durham to Denmark: A global lens on elder care ArcGIS StoryMaps AI Companions Redefine Elder Care: 3 Ways They Fight Loneliness, Boost Safety And Scale Support Forbes Aspiring Elder Care Physician, Advocate Wins Urann Fellowship The University of Texas at Dallas Unravelling the combination of medical and elderly care in China: a comprehensive policy analysis Nature Youth employment and elder care: a dual challenge in Morocco AFD - Agence Française de Développement |
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