Comparing Funding Options

The Assurance Benefit coverts a death benefit into a long term care benefit without premium payments or wait periods. Benefit amounts are larger than a life settlement and the process is quick and not complicated. The benefit will cover every form of long term care and senior housing.
Medicaid will cover nursing home costs for people below a state's specific minimum asset level. Life insurance is an unqualified asset and must be liquidated to be eligible for Medicaid.
Medicare will cover short term rehabilitation (90 days only) in an approved skilled nursing home facility. Medicare and Medicaid do not cover assisted living or most forms of home health care.
Private Long Term Care Insurance must be purchased well in advance of entering a nursing home and it can be very expensive. Numerous health and ADL "triggers", and a wait period must be met before the benefits will begin to pay out on a monthly basis.
Medigap and Medicare Prescription Drug Coverage pay for the gaps in coverage of standard Medicare. Neither program covers long term care expenses.
To qualify for a Reverse Mortgage, the recipient must be living in their home as a primary residence and the proceeds must be paid back with fees and interest.
A Life Settlement is the sale of an in-force life insurance policy to an investor that will set certain minimum requirements for age and policy size.

Veteran's Benefits

Assurance Benefit
Customer Testimonial

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The Benefits of Life Care Funding