The mother of this family was simply unable to continue living at home and the family was considering all of their Nursing Home options. They realized early on that they would likely need help with paying for assisted living. At the same time, the family was also preparing to surrender their mother’s $100,000 Universal Life Insurance […]
Convert Life Insurance Into a Long Term Care Benefit Plan
Convert Life Insurance into a Long Term Care Benefit Plan, even if it has no cash value or a large loan. Recently, a daughter was exploring funding options, as her father was in need of long term care in an assisted living community. The family was paying for their father’s care and their funds were […]
Sell Your Life Insurance Policy for Cash to Pay for Assisted Living
If you do not need or cannot afford your life insurance policy, you can now sell your life insurance policy for cash to pay for assisted living. It is not uncommon for an elderly couple to both require elder care at the same time. Recently, a married couple converted their life insurance policies into Medicaid […]
Dual Assisted Living Conversion Case Study, Emeritus of Lake Point
The business office director at Emeritus of Lake Point, GA contacted us with a family requiring financial assistance for a wife and husband. The wife owned $376,000 of life insurance that they wanted to know if they could trade in for a Viatical Assisted Living Conversion. They were planning to abandon the policies and not […]
Case Study: Budget Shortfall in Long Term Care
The Business Office Director of the Heartfields at Cary in North Carolina contacted us about a married couple in residence needing funding help to address a budget shortfall and their growing debt to the community. They both own long term care insurance policies but did not yet qualify to trigger all of their benefits. They […]
Case Study: Medicaid Spend Down Path, Convert Life Insurance and Remain at Residence
A father was already a resident at Eldorado Heights in Klamath Falls, OR and already on a Medicaid spend down path. The family inquired about a Viatical Assisted Living Conversion as they were attempting to convert an existing life insurance policy and still extend his ability to remain in residence. He owned a $100,000 life […]
Case Study: Viatical Assisted Living Conversion Affecting Quality of Life
Brookdale Senior Living introducing the Viatical Assisted Living Conversion concept to Brookdale’s communities across the United States in February. After only the first month, Viatical.org is pleased to share this successful case study. This most recent Viatical Assisted Living Conversion truly affected the quality of life for the underlying family. A Viatical Assisted Living Conversion […]
Secure Assisted Living Payments for Stroke Care
The family was given our information from the Whitcomb of St. Josephs, MI. It became necessary to move both parents into an assisted living facility as their mother recently had a stroke and was no longer able to care for herself or her husband. Upon learning that they could convert a group policy their father had kept after retirement; they completed an application for both parents…
Alzheimer’s Assisted Living Funding Case Study
A wife was caring for her husband, an Alzheimer’s victim, at home and needed to move him into a memory care facility for safety reasons. She was researching communities in the Atlanta, GA area and was also looking for funding options to help pay for the costs of housing and care. She found out about the Viatical Assisted Living Conversion online and learned that they could convert their $250,000 life insurance policy into a long term care payout…