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:

The Call-In: Elder Care
NPR
This is the Call-In. Today we're talking about elder care. America's population is aging. By 2050, there are expected to be over 83 million people age 65 and over. That's double what there was in 2012. Elder care is a big business now. And it's only ...



TechCrunch

Onēva expands platform for child and elder care, housecleaning ...
TechCrunch
Trust is one of the most important aspects of selecting a caregiver and Onēva believes that it has a vetting process that's better than the rest. The San..

and more »


Onēva expands platform for child and elder care, housecleaning
TechCrunch
Trust is one of the most important aspects of selecting a caregiver and Onēva believes that it has a vetting process that's better than the rest. The San Francisco-based booking platform for elder, child and special needs care, screens its applicants ...



NH woman charged with stealing fentanyl at elder care facility - The ...
The Boston Globe
A woman who worked at a long-term care facility for the elderly in Salem, N.H., was charged Tuesday with two counts of posession of fentanyl, the New ...

and more »


The Sentinel

Elder Care: Shortage of long-term care workers
The Sentinel
A shortage of long-term care aides threatens the availability and quality of both homecare and care received in a licensed facility. This is not solely a localized problem. As the bubble of baby boomers ages, it is a trend that is likely going to get ...



NewsChannel5.com

Takacs McGinnis Elder Care Law Hour (September 2017 ...
NewsChannel5.com
In this segment, we are speaking with Dr. Ruth Garrett. Dr. Garrett created a Geriatric Certificate Program for Meharry, Vanderbilt and TN State that has led to ...

and more »


Elder Care to host PACE breakfast
Tahlequah Daily Press
Cherokee Elder Care will host a National PACE Month celebration breakfast and open house beginning at 8 a.m. Wednesday, Sept. 20. Tours will be offered 8-9:30 a.m.. CEC, 1387 W. Fourth St., was the first Programs of All-Inclusive Care for the Elderly ...



Lincoln Journal Star

Tabitha Health Care Services
Lincoln Journal Star
Tabitha, a for-purpose, nonprofit organization, offers Nebraska's first and most complete comprehensive line of elder care services. Through advanced in-home support, innovative living communities, exceptional rehabilitation services, experienced ...



Minneapolis Star Tribune

Catholic Eldercare to build apartments for seniors in northeast Minneapolis
Minneapolis Star Tribune
Catholic Eldercare this week submitted plans to the Minneapolis Planning Commission to build a 69-unit rental project for seniors in northeast Minneapolis. The five-story building, for people 55 and older who live independently, would be called Alta ...



Sarasota Herald-Tribune

Outages show plans for elder-care facilities are wanting
Sarasota Herald-Tribune
Among the group was Rosie Corrigan, 78 and in a wheelchair, Harold Potter, 90, also in a wheelchair and suffering from a serious heart condition, Orville and B.J. Schaefer, both 97, and Grace Snyder, 84. It had been a difficult week for the residents ...


Google News

home | site map
© 2009 Asteroidsearch .om