National Underwriter (published June 14, 2010) by Chris Orestis, President Life Care Funding Group The question was: My client would like to use a life settlement to help pay the assisted living expenses for her mother, who is alert but frail and needs the care the community provides. The mother is the owner and insured of a $250,000 UL in-force policy, but the daughter (my client) has power of attorney for her mother’s financial affairs. Is a life settlement the best option in this situation…
Posts tagged "Elder Care"
America Owes our Oldest Citizens an Apology
In a recent commentary for CNN Politics, Bob Greene wrote a very compelling piece about the economic injustice currently being done to our nation’s senior citizens. In it he observes that the mantra being repeated in the media to keep everyone from jumping off a cliff is to “wait out the storm”. We are reminded of the conventional wisdom that economic busts and booms are cyclical, but that in the long term the stock market will steadily increase in value and after a few years…
Cost of Care, Elder CareAARP: Medicaid and Long Term Care are Legislative Priorities in 2009
“This is not the time for business as usual,” AARP CEO Bill Novelli said at a press briefing. “It is time to demonstrate bold leadership, to take our agenda to the people and our nation’s leaders, to demand change and to work hard to bring about that change.” And with that, the AARP, representing more than 40 million Americans over the age of fifty, put the incoming Obama administration and the next Congress on notice that they would be playing a very active role in…
AARP, Elder Care, Medicaid