A Solid Option to Finance Senior Care and Housing
Many Americans have resources invested in life insurance policies but don’t know they can access the funds to help pay for senior care. They’re under the impression that life insurance only applies to a death benefit, but that’s no longer the case.
When doing so, the policyholder can immediately direct tax-free payments to cover senior housing and long-term care costs. The only caution, be careful which method to use when accessing the funds.
To learn the nuts and bolts of converting a life insurance policy into funds to pay for senior care expenses, I interviewed Mr. Chris Orestis, President and CEO of Life Care Funding.
Before the interview, I researched life settlements and found questionable controversy on the topic. Instead of forming negative opinions, I took hard questions to Mr. Orestis and found the opposite. Converting life insurance policies into resources for people to use while living made a lot of senses, and a better choice than having the policy lapse.
To read the full interview article, click here: http://www.assistedlivingfacilities.org/resources/ways-to-pay-for-assisted-living/life-care-funding/