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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.
Latest News:Site: Yahoo! News Search Results for news News Corp says Mark Williams interim Premiere CEO (Reuters via Yahoo! News) News Corp. executive Mark Williams has taken over as chief executive of German pay-TV broadcaster Premiere in an interim capacity, News Corp. said after the move led to renewed takeover speculation. News Corp. says Mark Williams interim Premiere CEO (Reuters via Yahoo! News) Mark Williams, a News Corp. executive named late on Wednesday as chief executive of German pay-TV broadcaster Premiere, has taken over in an interim capacity, a News Corp. spokeswoman said on Thursday. News Corp exec becomes chief of Germany's Premiere (Reuters via Yahoo! News) News Corp's chief financial officer for Europe and Asia has been named chief executive of German pay television group Premiere, following the resignation of Michael Boernicke, Premiere said on Wednesday. Premiere CEO Is Replaced by News Corp.'s Williams (Update2) (Bloomberg.com) Sept. 10 (Bloomberg) -- Premiere AG , the German pay- television company partly owned by News Corp., said Chief Executive Officer Michael Boernicke is being replaced by a senior News Corp. executive. News Corporation to redevelop London Wapping site (Reuters via Yahoo! News) Rupert Murdoch's News Corporation is to redevelop its Wapping site in London, moving all its UK businesses, including News International, Harper Collins, MySpace and Dow Jones, under one roof. Tribune blames Google for damaging news story (Market Watch) SAN FRANCISCO (MarketWatch) -- Tribune Co. said Wednesday that the mistaken online publishing of an old news story that cratered UAL Corp.'s stock price earlier this week was because of a repeated technology failure at Google Inc. DeJesus, Royals sad at Sweeney news (MLB.com) DeJesus, Royals sad at Sweeney news Phila. mayor to announce grim budget news (Philly.com) The Nutter administration is expected to announce grim budget news today, which is all but certain to lead to significant spending cuts - perhaps as high as 10 percent - in some city departments, according to three sources familiar with the budget. All the news that gives us fits (Seattle Times) Public trust in the news media was shaken by the failure of news organizations to challenge the deceptive claims by the Bush administration during the run-up to the Iraq war. STOCKS NEWS EUROPE-Conergy rises on talk of unit sale (Reuters via Yahoo! Philippines News) STOCKS NEWS Reuters Results diary Warning: MagpieRSS: Failed to parse RSS file. (> required at line 14, column 29) in /home/.hellodolly/jsteiner64/scholarlyarticles.org/elder-care/magpierss/rss_fetch.inc on line 238 Site: Warning: Invalid argument supplied for foreach() in /home/.hellodolly/jsteiner64/scholarlyarticles.org/elder-care/inc/ads-body.inc on line 52 MORE RESOURCES: Site: Yahoo! News Search Results for elder care Martins get Elder Care Specialist designations (Portsmouth Herald) EXETER - The husband and wife team of Milton T. Martin, Jr. and Edda M. Martin of Durham, NH, have successfully completed the requirements for the prestigious, nationally recognized Elder Care Specialist ® ?ECS? Credential conferred upon by the... Bill to Keep Workers with Criminal Records Out of Long-Term Care System Clears Committee (Senior Journal) Sept. 10, 2008 ? A bill aimed at preventing persons with criminal histories from working in long-term care services moved a step closer to reality yesterday. It was approved by a unanimous voice vote in the Senate Finance Committee. Franklin County judge slams Chambersburg man who abused his mother (Chambersburg Public Opinion) A Franklin County judge on Wednesday rejected a Chambersburg man's plea for clemency in an elder abuse case, sentencing David Baine, 42, to five to 10 years in state prison. Strange behaviors in hospital could indicate ICU psychosis (The Oklahoman) Recently, my friend Evelyn Harms and her mother, Dorothy, 80, spent five days in a hospital intensive care unit. Evelyn stayed with her mother around the clock. Early in their stay, Dorothy started experiencing ICU psychosis. "Forty-eight hours into our stay in the ICU, we began living a nightmare,? Evelyn Harms said. "But it wasn't a nightmare; it was something called ICU psychosis. Momma ... Home prices driving care choices (Contra Costa Times) Advice, resources and how-to tips on elder care for the Bay Area New laws proposed to combat elder abuse in Washington (Seattle Times) A new state initiative aims to make it easier to identify, prevent and prosecute abuse of elderly and vulnerable adults in Washington. Tiger cub dies in Corbett for want of medical care (HT via Yahoo! India News) An injured tiger cub, not more than six months, died due to non-availability of veterinary doctors at Corbett Tiger Reserve in Uttarakhand. The cub and another young tigress, aged one-and-a-half years, were abandoned by their mothers and were found 12 days ago by villagers residing near the reserve area. Carved to show care: Rice man pours love for daughter into handmade trees (St. Cloud Times) RICE - When Jodee Johnson was battling breast cancer, her father surrounded her with a forest of trees that he had made. Study Shows Seniors Adapt Well to Remote Monitoring Technology (Business Wire via Yahoo! Finance) MENDOTA HEIGHTS, Minn. & PHILADELPHIA----A new research report released today by Healthsense and NewCourtland Elder Services concludes that seniors who rely on remote monitoring technology to help them remain secure and independent adapt well to living with the technology and do not see it as intrusive or impersonal. Whooosh! 11 Spring Makeover Includes Dual-Flush Toilets; $17.95 M. Triplex (The New York Observer) ?We were admiring your security cameras,? a man in a paint-splattered Ralph Lauren polo shirt said last Sunday afternoon, standing next to his wife outside of 11 Spring Street . ?We need some for our building.? He was talking to Caroline Cummings , the 27-year-old who bought 11 Spring from Rupert Murdoch?s elder son, Lachlan, exactly two years ago for $12 million. Back then the ... Warning: MagpieRSS: Failed to parse RSS file. 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