Mark Francis: Hello, my name is Mark Francis from Emeritus Senior Living. If you or your loved one is looking for ways to finance a senior living arrangement, then using a life insurance policy to help pay for your care maybe a very good option. Today I'm going to discuss how you can use a life insurance policy to pay for senior living expenses.
The Life Care Assurance Benefit program allows a senior to use a life insurance policy to help pay for care and housing, by converting a portion of the policy into a long-term care benefit. This benefit can act as a funding bridge allowing seniors to move into a senior living community without delay. You can get a far greater value from a life insurance policy by converting it, then if you let the policy lapse, or by surrendering it back to the insurance company.
Many seniors and their families have found the option of the Life Care Assurance benefit extremely helpful as an alternative source of funding to the hasty sale of a home, stocks, or other more dearly held assets during the time of transition, into a senior living arrangement. Here are the other benefits: simple and fast approval, 30 days or less, no age or policy size minimum, no premium payments or wait periods, all types of life-insurance qualify.
Fixed payments are made directly to the community. It preserves your partial death benefit. The benefit can stop and start or be adjusted to match your changing needs. Even skilled nursing assisted living home health and hospice all qualify for this benefit. For more information about this financial, solution inquire at your senior living community about the Life Care Funding Group, or other financial resources that can help with converting a life insurance policy.