Financial Solutions at Concordia Retirement
We understand the challenges families and individuals face today when considering a move into a senior living community. In these difficult economic times, we want you to feel confident and certain that you have made the best choice for yourself or for your loved one. In order to offer you options for consideration, we have put together this guide, which will provide you with a variety of financial solutions in order to assist you through this process. We are more than happy to discuss one or more of these options with you in person, or for more specific information about a specific option, please contact them directly as indicated.
BENEFITS FOR OUR VETERANS
The U.S. Department of Veterans Affairs now offers improvised pension benefits or AID & ATTENDANCE. Through this program, qualified veterans and their spouses may receive financial assistance for assisted living services and rent in addition to pension benefits. For questions about eligibility for assisted living benefits, we are pleased to offer you our assistance in guiding you to the right resources in order to save you time and trouble. Please contact us if this is an option you would like to explore so that we can help you start the process.
LIFE CARE FUNDING
Life Care Funding Group helps raise funds to pay for senior living housing and long-term care through a Life Settlement. A Life Settlement is the sale of a life insurance policy while the owner is still alive, for a much greater amount than the cash surrender value paid by the life insurance company. Liquidating a life insurance policy through a Life Settlement may be the option for you if you have outlived the purpose of a life insurance policy, believe that it is an underperforming asset, or have had a life event that requires liquidity. There are no upfront fees, no caps on the amount of money that can be raised, and no restrictions or requirements to be secured or paid back. For more information please call Life Care Funding Group at 1-888-670-7773 or visit www.lifecarefunding.com.
LONG-TERM CARE INSURANCE
Most long-term policies sold today cover assisted living expenses, and over 1/3 of all long-term care insurance benefits paid out last year were for assisted living. If you already have an existing policy, long-term care insurance may be a viable financial solution for you and we would be happy to assist you in determining whether or not this is a good option for you. If you are interested in purchasing a policy, have specific questions or would like additional assistance exploring this solution, please contact the American Association of Long Term Care Insurance at www.aaltci.org or call AALTCI at 1-818-597-3227.