Financial Solutions for Senior Living
In order to provide you with the best possible resources to pay for care, Senior Living Management offers a Financial Concierge service. This service is offered through a partnership with Elderlife Financial Services.
Similar to your favorite university’s Financial Aid Office, the Financial Concierge service is designed to assist you in exploring all options to pay for senior living. Our goal is to offer you a personal financial concierge service that will walk you through step-by-step which financial options and programs may be right for you and your family. Elderlife can create an individualized financial road map to help you navigate paying for senior living.
With just one phone call to Elderlife, you have access to many solutions available to you to pay for care today.
Elderlife Bridge Loan
Senior Living Management has partnered with Elderlife to make senior living affordable today. Elderlife’s Bridge Loan is designed to be affordable, easy to apply for and funds can be available in as little as 24 hours. The Bridge Loan and other coordinated services help your loved one move in today while waiting for other funds to become available later.
Some benefits of the Elderlife Bridge Loan include:
- Up to 12 months or more of coverage to help bridge the financial gap
- Fast and easy application, same day approval and next day funding
- Unsecured loan means no lien on your property
- Affordable interest only payments as low as at $7.00 per $1,000 borrowed
- No application fees
- Provides a well-documented paper trail for the VA and Medicaid
- No prepayment penalties for early pay off
Real Estate Solutions
Whether you are selling your home or not, our Financial Concierge offers 5 different real estate services available to help you access equity in your home. Elderlife has a nationwide network of Senior Real Estate Specialists who work in the local market to help you list and sell your home. Some additional services include packing, moving, staging, de-cluttering and minor repairs.
Veterans Aid and Attendance Pension
The Department of Veterans Affairs provides the VA Aid and Attendance Pension to eligible wartime veterans and their surviving spouses to pay for care. This benefit can help pay for a significant portion of the long term care and/or assisted living costs in a Senior Living Management senior housing community. Depending on your situation, the benefit may range from $1,149 to $2,837 per month and is tax free. Ask our Elderlife Financial Concierge to introduce you to an accredited agent that will discuss the VA’s eligibility criteria with you and assist you in applying for benefits.
Long Term Care Insurance Claims Assistance
Our Financial Concierge can guide you to services that assist with filing claims and ongoing claims management beginning with a complimentary review of an existing policy. Many families are unaware of the process and time involved in preparing and filing long term care insurance claims. Our network of claims specialist can you help you maximize your benefits and manage the ongoing claim.
Leveraging Life Insurance Policies
Did you know that you may use any type of life Insurance policy to pay for long term care or senior housing? Depending on your situation and policy, you may be able to sell or borrow against a life insurance policy to pay for senior housing and/or care expenses. With some programs, you can potentially preserve the insurance benefit for your designated beneficiaries and still obtain proceeds today. Ask our Financial Concierge for more information.
Savannah Court of the Palm Beaches
ALF License #8367
SNF License #16290951
Your journey to Assisted Living starts here!
Stop by your local Senior Living Management community to learn more about the options listed above. You can also CLICK HERE to schedule an appointment.
Call Elderlife today at (888) 228-4500 to speak to your personal financial concierge.
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