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How to Pay for the Cost of Senior Care with Life Insurance

April 22, 2013 / Chris Orestis
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Meet Catherine. She’s getting older and needs more care than her family can provide. Her daughter, Beth, realizes Mom needs to move to an assisted living community. It’s a tough decision, made tougher trying to figure how to pay for the cost of senior care.

Then Beth remembers something she heard about converting life insurance Into funds to pay for senior care while someone’s still alive. This is exactly what her mother needs, since Catherine has a life insurance policy with premiums that are getting very costly.

Beth does some research and finds valuable information at LifeCareFunding.com. She learns that Life Care Funding converts an existing life insurance policy into immediate payments to cover the costs of senior care – whether that’s an assisted living community, nursing home, Alzheimer’s care or even care at home.

And, any type of life insurance could qualify. Universal, or Term policies with absolutely no cash value could still have a hidden value as immediate payments for senior care.
And to think her mother was going to throw away her life insurance policy because she couldn’t keep making the payments!

Now Catherine may be able to preserve her home and savings – AND spare her family the strain and guilt of funding her care.

Beth’s happy to learn there are no costs or fees involved and no obligation once the policy is valued. If Mom qualifies and enrolls, the monthly Life Care Funding payments start immediately – with no more life insurance premiums to pay – ever again.
But, Catherine’s a little skeptical.

“What about money when I die? How will you pay for my funeral?” she asks.

“It says right here,” says Beth, (reading) “Life Care Funding reserves a portion of your account to help cover funeral expenses, and should you die before the entire account has been spent, any remaining balance will be paid to your family.”

Catherine’s relieved she won’t be a financial burden on her family, and Beth is happy she’s found a way to get Mom the care she needs.

They both finally feel in control of Catherine’s care.

The life insurance premiums Catherine’s paid consistently for so many years will finally pay off – now that she really needs it!

As a champion of elder care concerns, Life Care Funding has pioneered legislation that assures seniors of their rights and has a network of thousands of senior care providers and communities as their trusted partners.

Convert your policy into a Long Term Care Benefit and choose the form of care you want.

Before you abandon your life insurance policy, you owe it to yourself, and you owe it to your family, to contact life care funding to see if you qualify.

CALL one eight eight eight six seven zero seven seven seven three
or VISIT life care funding dot com.

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