The procedure is relatively quick with minimal paperwork. Paying the high cost of Elder Care can cost a family thousands of dollars a month. This money can be used now to pay for assisted living, nursing homes as well as in home services also. For example, a air quick coupler Manufacturers life insurance policy with a $500,000 death benefit and a $75,000 cash value can be purchased for $250,000 and up. It is senseless to struggle financially to pay for the needs of elderly loved ones when they can utilize their life insurance policy to pay for care.
A policy owner has the right to sell his or her life insurance policy to an institution for signifantly more than the cash value of the policy. It is called a Life Settlement and it can fully take the financial burden off of families who struggle to keep their loved one in a quality facility. Too many families are unaware of how utilizing a loved one’s life insurance policy can not only pay for Assisted Living and Nursing Home care, but can maintain the standards of living for the remaining spouse. Many, many times life insurance policies lapse when a loved one goes into assisted living or a nursing home just out of financial neccessity as well as through medicaid planning. The "sandwich" generation, those who are caring for their children as well as their parents, have been feeling the financial pinch of caring for loved ones.
Instead of letting a policy lapse or into surrendership, smart families are looking into life settlements as a funding source for the high expense of Elder Care.
It’s not a surprise that thousands of families across the nation are facing the challlenges of an aging population.
Not too many financial specialist inform their clients who have purchased life insurance policies with a death benefit over $250,000 that they can utilize a somewhat unknown option on their life insurance to pay for the high cost of Elder Care.
Read more:https://www.chinacoupler.com/product/quick-coupler/
A policy owner has the right to sell his or her life insurance policy to an institution for signifantly more than the cash value of the policy. It is called a Life Settlement and it can fully take the financial burden off of families who struggle to keep their loved one in a quality facility. Too many families are unaware of how utilizing a loved one’s life insurance policy can not only pay for Assisted Living and Nursing Home care, but can maintain the standards of living for the remaining spouse. Many, many times life insurance policies lapse when a loved one goes into assisted living or a nursing home just out of financial neccessity as well as through medicaid planning. The "sandwich" generation, those who are caring for their children as well as their parents, have been feeling the financial pinch of caring for loved ones.
Instead of letting a policy lapse or into surrendership, smart families are looking into life settlements as a funding source for the high expense of Elder Care.
It’s not a surprise that thousands of families across the nation are facing the challlenges of an aging population.
Not too many financial specialist inform their clients who have purchased life insurance policies with a death benefit over $250,000 that they can utilize a somewhat unknown option on their life insurance to pay for the high cost of Elder Care.
Read more:https://www.chinacoupler.com/product/quick-coupler/
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