National Association of Insurance Commissioners recommends Life Settlement as a safe option for paying for long term care without insurance. Learn More.
FDIC recently said a reverse mortgage could be a risky choice. Consider reverse life insurance instead. Get cash now without putting your home at risk.
A Life Settlement or Medicaid Life Settlement can help Seniors plan and budget for the ever-increasing costs of long term care – even Cruise Ship Care!
Many Seniors opt for Long Term Care insurance policies, despite the high lapse rates. Qualified Seniors may find a Life Settlement better suites them.
Saving for retirement is contingent on a number of things, and varies by age according to income levels and the relationships individuals have. According to the study workers at all ages and income levels are not be expected to devote much effort in addressing long-term savings needs.
There are two methods for borrowing against your life insurance: borrowing from your life insurance company or borrowing from a life settlement through the secondary market for life insurance.
There are essentially three options for when your term life insurance expires: renew, convert, or sell the policy in a life insurance settlement. However, you must take action now because all of these options entirely evaporate once the life insurance policy has lapsed or expired.
When reaching the latter years of life, it is important to have certain things in place to maintain the standard of living you are used to, and to have the finances to support paying for home care or obtaining a paid caregiver. When faced with these decisions, there are a number of solutions that may work for you. One solution is selling a term life insurance policy through a reverse life insurance policy or a life settlement, which can give you a peace of mind, and the funds needed to do what you need while ensuring your care is in place.
The first step in finding a caregiver is to determine what type of home care the person needs. He or she may need personal care services, companionship, non-medical care, such as homemaker services, or skilled medical care. The type of care will determine the hourly rate and the overall cost of paying for home care.
AARP shared the story of Patricia McCormack, whose mother was suffering from the initial stages of Alzheimer’s disease. Living in another state, the costs quickly escalated when having to travel to care for her mother, then finding the treatment would most likely include care in a locked memory care facility. These costs were over $108,000. After the treatment, her mother needed to reside in assisted living facility, which was $84,000. Neither the treatment or assisted living facility was covered by Medicaid.