How to Pay for the Cost of Senior Care
This video explains the process of converting your life insurance plan into an immediate long term care benefit account to pay for the cost of senior care. Any type of life insurance could qualify for a long term care benefit plan. Qualifying is quick and uncomplicated, and there are no fees or obligations to apply. Once approved, you choose the type of long term care that is best for you: Home Healthcare, Assisted Living, Alzheimer’s Care, or Skilled Nursing Home Care.
Cash value is not a factor in determining the conversion value of a life insurance policy and the policy conversion is not limited to the issuing carrier. The Long Term Care Benefit Plan converts the death benefit of any form of in-force life insurance policy into an irrevocable long term care benefit account that will pay a monthly amount direct to the long term care provider. Once a policy is converted by the owner, the Long Term Care Benefit payments begin immediately and the enrollee is relieved of any responsibility to pay any more premiums.
Founded in 2007, Life Care Funding assists people in need of funds to cover the costs of Senior Care. Life Care Funding specializes in converting the death benefit of an in-force life insurance policy into a Long Term Care Benefit Plan (Life Care Benefit) to cover the costs of Homecare (Private Duty and Skilled Nursing), Assisted Living, Nursing Home Care, and Hospice.
Thousands of assisted living communities, nursing homes, retirement communities, home healthcare providers and senior care advisors offer. Life Care Funding to families’ every day. Life Care Funding’s national education campaign has brought awareness about this important financial option to millions of people across the United States. National news such as Kiplinger’s, The Wall Street Journal, and Public Broadcasting have all done stories about the importance of Life Care Funding.
Life Care Funding
47 Portland St.
Portland, Maine 04101