Funding Solutions

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.

VA Aid & Attendance Pension Benefits - Veterans Administration (www.veteransaid.org) benefit will pay between $1,094 to $2,019 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.

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

 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.