From social events and chef-prepared meals to housekeeping and memory care, the benefits of moving to a senior living community can enrich your golden years. In fact, many residents wish they made the move sooner. However, many families face challenges when it comes to financing this next chapter of life.
If you’ve been researching senior communities for yourself or a loved one, odds are you’ve come across a few different ways to pay for senior living, such as selling your home or applying for benefits such as the Veterans Aid & Attendance. While these are great payment options, the downside is that applications can often take months to be processed, and the real estate market fluctuates.
Financial Resources to Simplify Senior Living
Elderlife is a company that offers financial information, guidance and solutions to seniors and families who are interested in assisted living, a continuing care retirement community or an age 55-plus community.
Elderlife works to understand your unique situation and help you finance senior living in the best way possible — based on your individual needs and resources. In a phone call, you can get your questions answered and a coordinated, customized solution. Best of all, you have a personal guide who will stick with you and lend a hand until you are where you want to be.
A Faster Solution
You shouldn’t have to wait months or years to enjoy the benefits of a senior living community, especially if you’re in need of assistance with daily tasks or memory care. One option many people overlook is using a line of credit to supplement the costs of moving while waiting for benefits or home sales to go through.
The Elderlife Bridge Loan is a line of credit that can help cover short-term costs as you relocate. The loan offers low, monthly payments that are interest-only with a simple application and documents that make it easy to track your costs.
Elderlife only partners with credible, high-quality communities such as Brookdale. And there is virtually no wait for the financial help you need; you can receive funding in as little as 24 hours to jumpstart the moving process.
Real Estate Experts that Specialize in Senior Living
If you’re interested in selling your home to help fund your move, Elderlife offers real estate services to get you on the right path. Their senior real estate program is specifically designed to assist seniors throughout all of the stages of selling a home. So whether you’re making home repairs, auctioning your belongings or packing and moving, Elderlife has your back.
Their real estate agents are specifically chosen for their expertise in senior living and moving, which means they have knowledge of local markets and are equipped to work with family members and loved ones who may live far away.
Financial Information to Guide You Through the Journey
If you’re interested in applying for benefits, but aren’t sure which are best for you, an expert at Elderlife can help you make the best decisions.
Their Veterans Benefits Assistance program connects veterans to accredited VA agents who can guide them through the process of applying for VA benefits and offers short-term funding while you wait. Meanwhile, if you need guidance on how to use long-term care insurance or life insurance to cover your costs, Elderlife can help you utilize your insurance policies to pay for senior living arrangements.
Elderlife is just one way to take the next step toward senior living. For more information on Brookdale and how we can help you begin your journey, give us a call at (888) 221-7317.
Elderlife Financial Lending, LLC
Branch NMLS# 1237557]
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