ElderLife can ease your transition by providing $5,000 – $500,000 for senior living expenses.
The average cost of assisted living is $4,000 per month across the nation*, and can be as much as $6,000 or more in urban markets**. Costs vary greatly depending on the location, community type and the need for specialized care like memory or dementia care. Often, those in need of care and their families are faced with footing this bill and quickly coordinating many different services during a highly stressful and emotional time.
With ElderLife, this is no longer a problem. ElderLife is the only financial services organization in the country that provides the knowledge, experience, and resources needed to pay for senior living.
ElderLife can help pay for:
Skilled Nursing Facilities
Continuing Care Retirement Communities
Home care services
and much more
Your personal Financial Concierge wants to understand your unique situation and walk you through all the funding options available. You can create a customized plan to pay for the home services you need or the community of your choice.
The ElderLife Bridge Loan allows you to pay for rent and care in the short term while waiting for other funds to come in. Most importantly, it gives you time and peace of mind to make the best decisions for you and your family.
Access the maximum VA pension with the Aid and Attendance Benefit available to you or your loved one with the help of ElderLife’s accredited VA agents. And, you can pay for senior living with the ElderLife Bridge Loan while you’re waiting for your benefit to be awarded.
Individuals with a life insurance policy with a face value of $50,000 or greater can use the policy to pay for care; the policy type can be a term, whole life, or hybrid. If you meet eligibility criteria, your policy may be able to be sold for up to 70% of its death benefit value.
Whether you want to sell your home and move to a community or keep it in the family, ElderLife’s real estate team can help you understand your options and learn how to best use the equity in your home. Get help paying for care, funding repairs, and even using the home as a long-term investment. Our real estate team is committed to understanding your needs and helping you find the perfect real estate agent to get you top dollar for you or your loved one’s home.
Understanding your long-term care policy and filing claims can be overwhelming, and many times mistakes result in loss of coverage. Don’t leave anything to chance; let our experts help you understand your policy for free. Your review will include understanding the care setting(s) that the policy will pay for, the frequency the policy will pay, and if there is a waiting period before the policy will pay.
If at least one homeowner is staying in the home, and this person is at least 62 years old, you may be able to use a reverse mortgage to pay for care. Reverse mortgages can provide funds to pay for care as well as other costs and living expenses. A reverse mortgage can also eliminate mortgage payments or consolidate other debts, allowing you to redirect funds toward needed care and services.
Even with careful retirement planning, senior living sometimes comes with extra or unexpected expenses. A personal loan is a great solution to receive a lump sum of cash to support senior care, medical expenses, transitions or short-term projects like outfitting your home with a walk-in tub, stairlift or ramps.