For
seniors and their families needing financial options to consider
living in a senior living community there is a “Funding Solutions”
program that offers a variety of financial options. Please
take some time to consider these programs and learn more about
how these options can provide you and your family the funds
you need to access living in a senior community and give you
financial peace of mind.
Bridge
Loan Program - Elderlife Financial Services offers
efs:Access, a loan structured as a line of credit with low
monthly payments that you and your family can use to supplement
or finance your monthly rent. The efs:Access loan can be used
to help:
Pay for rent while waiting for a home to sell
Pay for rent while waiting to settle a life
insurance policy or the VA Benefit to arrive
Finance move-in fees or Supplement monthly
rent
Elderlife
Financial Services specializes in helping families with senior
living needs and can be reached at 1-888-228-4500 or at www.elderlifefinancial.com
.
Life
Insurance Settlement Program - Life Care Funding
Group ( www.lifecarefunding.com
) will liquidate an existing life insurance policy in
as little as 30-90 days for a lump sum payment much higher
than the cash surrender value.
Eligibility
requirements:
Age 65 or older (ages as young as 55 can be
considered).
Any type of Life Insurance policy with a combined
death benefit value of $50,000 or greater.
A Life Settlement is the sale of
an asset, not a loan, and has no restrictions on use of money
or requirements to be secured or paid back.
The policy owner is no longer responsible for
paying premiums once a Life Settlement is complete.
To
learn more about Life Settlements as a source of
funds for seniors visit Life Care Funding Group call 1-888-670-7773
or by email at info@lifecarefunding.com
VA
Aid & Attendance Pension Benefits - Veterans
Administration (www.veteransaid.org)
benefit will pay between $1,056 to $1,949 per month for combat
veterans and spouse of foreign wars.
We
encourage you to explore all of your financial options and
to visit the very informative and easy to understand web sites
of these financial providers who specialize on serving families
with senior living payment needs, as well as the Veterans
Administration.
Our
community staff is ready to work with you and direct you to
the resources necessary to answer all your questions about
the “Funding Solutions” program.
Please
Note :
These are just some of the options available. We encourage
your family to review all options at your disposal and let
us know what is best for you. The Community receives no compensation
from any of the companies mentioned above. The information
herein should not be considered an endorsement of services.
The Community is simply making the existence of payment options
known – to help families finance the costs associated with
senior living. We encourage you and your family to explore
these and all other options which may be available to you
before selecting any funding solution from any party .
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