For the past few weeks, Chris Orestis has been jumping from station to station spreading the word of Life Insurance Settlement. His tour most recently brought him to the station, This Week in America. Chris is nearing the end of radio tour, but he has something different for us today. Chris skype called This Week in America’s Ric Bratton for an interview The setting of the interview was different and so were the topics. Chris and Ric talked about how Life Care Funding can really…
Health Care Industry, interview, Life Insurance Bill of Rights, Long Term Care, radio, Senior Life Insurance, Surrender Life Insurance, video
Chris does it again in a long interview on the Mary Jane Poppoff Show. Mary and Chris talk about how Life Insurance can benefit you before you die. Chris recently went on the Mary Jane Poppoff Show and had an interview filled with information about Life Care Funding. Mary Popp asked some great questions which covered everything from state legislation to funeral coverage. A topic in the interview was about funeral benefits. With a Long Term Care Benefit plan, money is set aside for future…
Economic Crisis, interview, Long Term Care Cost, radio, Senior Life Insurance
Seniors beware of life insurance loan and credit funding programs that could disqualify you from future Medicaid eligibility. Seniors that own life insurance policies can convert their death benefit into a living benefit to help pay for Senior Care Services. The practice of converting a life insurance policy into a Life Care Benefit has been an accepted method of payment for Private Duty In-Homecare, Assisted Living, Skilled Nursing, Memory Care and Hospice Care for years. Instead of abandoning a life policy because they can no…
Consumer Protection, Cost of Care, Elder Care, Financial Assistance for Seniors, Insurance Conversion, Medicaid, Senior Life Insurance
Unprepared for the Future Americans are doing little to prepare for long term care and are not very concerned. And maybe they don’t need to be concerned— because they need to be terrified! A recent poll released by AP-NORC Center for Public Affairs Research, and reported in the national media, verified a major factor contributing to the long term care funding crisis in this country: Two out of every three people over the age of 40, according to the poll, have made no plans about…
Long Term Care, Long Term Care Cost, Senior Issues, Senior Life InsuranceSon helps his mother trade-in policy and move into assisted living before he deploys for Afghanistan. A family was struggling with how they would pay for the costs of moving their mother into an assisted living community. Increasing the pressure was the fact that her son was going to be leaving for Afghanistan within 90 days for a tour of duty with the military. Their mother owned a $95,000 life insurance policy that was going to lapse if they did not immediately make an expensive…
Insurance Settlement, Senior Life InsuranceDaughter is a lawyer and helps her parents convert policy to pay for assisted living. Mom and Dad wanted to move closer to their daughter and to enter an Assisted Living facility due to health concerns. Their daughter conducted some research and found Life Care Funding while searching for assisted living facilities. Her parents sold their home to prepare for the move and applied convert to their $150,000 life insurance policy. Their daughter is a lawyer and worked closely with Life Care Funding to assist…
Insurance Conversion, Senior Life InsuranceTrading-In Dad’s life insurance policy pays for Mom’s assisted living care. The family learned about Life Care Funding online and contacted us to see if they could trade-in their father’s $100,000 policy but use the Long Term Care Benefit plan to cover their mother’s care. Both parents had moved in with their daughter’s family and needed assistance with daily living. Their mother’s condition had worsened and they wanted to move her into an assisted living community less than a mile from their home. They were…
Assisted Living, Senior Life InsuranceTurning Frustration into a Benefit. Their mother was already living in an assisted living community. The family was growing frustrated that they kept receiving lapse notices on her life insurance policy from the insurance company. The premium amount kept changing and was growing expensive. They were planning to not send in another premium payment and letting it lapse when the assisted living community told them they could instead trade it in for a Long Term Care Benefit plan. They contacted Life Care Funding and converted…
Senior Life Insurance
The Long Term Care Benefit conversion option is designed to serve a large but ignored population. This large population of middle market life insurance policy owners with polices under $500,000 of death benefit value end up either lapsing or surrendering their in-force life insurance because they can no longer afford to pay the premiums and/or they are on a Medicaid spend down path. Owners of small face policies with an immediate need for long term care are not ideal candidates to purchase a long term…
Insurance Conversion, Senior Life Insurance
September 27th, 2012 | by Alyssa Gerace Published in Reverse Mortgage Daily There’s a national movement to facilitate seniors’ desire to remain in their homes, but as many households’ savings dwindle, more products are also coming to the market to facilitate aging in place. While reverse mortgage volume still remains low in the wake of big bank exits and sluggish home value recovery, one new option has come to the market that has one similar goal of helping people age in their homes. Instead of…
Financial Assistance for Seniors, Senior Life Insurance