Long Term Care Insurance

Learn More About Long Term Care Insurance

Long-term care insurance policies cover assisted living care. Depending on a mental or physical diagnosis, some long-term care insurance policies offer a nursing home care benefit which can be used to pay for assisted living.

The policy may also include a designated payment for home care, which can then be paid directly to the assisted living community or to the beneficiary, who can then use it to pay for assisted living.

In the event your loved one has not purchased long-term care insurance, it may be too late to do so. Most individuals seeking to purchase life insurance should do so by the age of 60 or 65 at the latest, and pay premiums for some time before they require coverage.  If you have questions or need some assistance reviewing your policy, your Senior Living Financial Specialist team is here to help, free of charge.

Long-Term Care

If you purchased long-term healthcare insurance we can help you review your policy to determine if it will pay for your long-term care

Life Insurance

Discuss how your life insurance may have cash value to fund or supplement your long-term health care

Do you need guidance on ways to pay for your senior living community?

We help you understand your options and ways to maximize  resources available to you!​

OPTIONS FOR FUNDING YOUR LONG TERM CARE

SHORT TERM BRIDGE LOAN

A short term Bridge Loan is a loan that will allow for you to pay for care now until permanent funding is arranged.

VETERAN'S BENEFITS

Veterans have benefits available to assist in paying for senior living with potential maximum monthly awards ranging from $1,244 to $2,295.

REAL ESTATE

You can use the proceeds from the sale of your home by listing your home with a senior-focused Realtor®

LONG TERM CARE INSURANCE

If you purchased long term health care insurance we can help you review your policy to determine if it will pay for your community.

TAX
DEDUCTIONS

Learn about the tax deductions available to you and your family when paying for care in a community.

LIFE INSURANCE CASH VALUE

If you have a life insurance policy, you may be able to transform that policy into a pre-funded financial account that will disburse a monthly benefit stipend to help you pay for long term care needs.

MOVE MANAGEMENT

Free up time and alleviate yourself from the overwhelming process of moving. Senior moving specialists are available to help with as much or as little of the work as you’d like!

Schedule a Time to Talk to a Senior Living Specialist NOW