A Place for Mom to feature Life Care Funding Group’s Funding Solutions for Senior Living
For Immediate Release
(June 1, 2010) – Life Care Funding Group and A Place for Mom announced today the addition of Funding Solutions for Senior Living to the “Financial Assistance” section of the #1 website in the world for Senior Living resources and referrals. Life Care Funding Group is the leading provider of funding solutions to the senior living industry and works with over 2,500 providers around the U.S. A Place for Mom is the leading online resource in the senior living industry for families looking for information and access to providers of senior housing and long term care.
A Place for Mom’s “Financial Assistance” program provides information to families about their funding options to help pay for the costs of senior housing and long term care. Life Care Funding Group has been selected as the preferred provider of Life Settlement funding and will provide information and assist families to access the maximum amount of liquidity they can derive from an existing life insurance policy.
“Many families we help are struggling to afford the costs of Senior Living,” said Brian Trisler, co-founder and Senior Vice President of A Place for Mom, “and our goal through the Financial Assistance program on our website is to provide them with information and access to the leading provider of the most appropriate financial tools to meet their needs.”
Since the onset of the deepest recession to hit the U.S. in almost a century, seniors and their families have been struggling to afford the costs of senior housing and long term care. Families have been looking for alternative funding tools to help them in a time of crisis and the senior living industry has responded by making resources such as converting a life insurance policy into a long term care benefit to pay for these costs readily available. Adding Life Care Funding Group’s Funding Solutions for Senior Living program to A Place for Mom’s website is another move towards making these financial tools readily available to the people who need them most.
“We work with families everyday that own a life insurance policy and they have no idea it can be used to pay for the costs of senior housing and long term care,” Chris Orestis, president of Life Care Funding Group explained during the Assisted Living Federation of America annual conference, “and instead of letting the policy lapse or surrendering it because they can no longer afford the premiums, Life Care Funding Group can covert it into a long term care benefit.”
Both organizations have linked websites and Facebook pages, and are reaching out to their respective client bases to generate more awareness about these Financial Assistance options.
Life Care Funding Group (www.lifecarefunding.com)
A Place for Mom can be found at www.aplaceformom.com.