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Financial Options
Financing Assisted
Living | LTC
Insurance | VA
Benefits | Medi-Cal,
Medicare, SSI +
Financing Assisted Living
Now you can finance Assisted Living expenses, thanks
to Eldercare Financial loans, Life Care Funding, and Aid & Attendance
through the VA.
LOANS AND LINES OF CREDIT
Elderlife Financial
Services (EFS) — a lending
institution that provides loans for seniors
- EFS Access Loan is an easy way to
finance senior living, eliminating a significant obstacle of moving
into a senior living community. With low monthly payments, this
loan can be utilized to:
- Pay for rent while waiting for a home to sell
- Pay for rent while waiting for VA or other
benefits
- Finance Move-in fees or
- Supplement monthly rent
- Elderlife Line of Credit has been
featured in the Wall Street Journal, SmartMoney Magazine, Kiplinger’s
Retirement Report, American Health Care Association Magazine and
the Chicago Tribune. With the Elderlife Line of Credit:
- Access care immediately<
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- Use what you need only as you need it
- Simple application. Fast decision
- Up to six family members can support the application
- Affordable monthly payments
- Easy family record keeping. Funds sent directly
to the community each month
- Make the move to senior living without forced
financial decisions
Call an Elderlife counselor today. They can help
determine if the Elderlife Line of Credit is the right financial
option for you.
Contact: (888) 228-4500 www.elderlifefinancial.com
LIFE INSURANCE SETTLEMENT AND ANNUITIES
- Life Care Funding Group
— helps seniors raise funds through the life settlement market.
A "life settlement" is the sale of an in-force insurance
polity for an amount much greater than the cash-surrender value
for the insurance company. Many families and seniors find a life
settlement a great way to help finance their senior living options.
Contact: (888) 670-7773
www.lifecarefunding.com
- Bradley
Associates — A local insurance company can also
assist you with this. Bradley Associates have worked in San Diego
for many years and are very reputable and friendly. They are also
known as the "Annuity Masters."
Contact: (800) 500-1916
webform@bradleyassocs.net
www.bradleyassocs.net/equity-index-annuities.shtml
LONG TERM CARE INSURANCE
For questions on long-term-care insurance, contact
Jody Hubbard who is affiliated with Stone Hill National. Jody is
a LTCI specialist (lic # 0C62873).
VA: AID & ATTENDANCE
If person needing care is a connected to the military, he or she
may benefit from the VA Pension Program called 'Aid & Attendance.'
This benefit has been available for decades, but has not been widely
publicized. Learn more >>
 For
more details on financing options and resources, see "Pathway
to Senior Care in San Diego."
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