In-home care services are largely provided through private payment however there are other options. For example, life settlement is the sale of one's life insurance policy to a third party, for a one-time cash payout. To apply for the life settlement option, you will need to find and work with a reputable life settlement company. In addition, you must be 72 or older with a qualifying policy or, be 65 or older and suffer from minor impairments.
The cash from a life settlement can be used to cover the cost of home care, assisted living, adult daycare, respite care, hospice care, nursing homes, and Alzheimer’s care facilities.
For more information, or to schedule a free in-home consultation, contact a Client Care Liaison today!