YOUR LIFE INSURANCE IS A FINANCIAL PLAN TOOL
to offset your the costs of senior care and medical

What are the average costs of senior care?

The cost of senior and elder care could be as low as $20 per-hour  or could be as much as $574,000 over 7 years, depending on the type of stay and level of care needed.

Options to pay for senior care include paying out-of-pocket, nest-egg savings, private insurance, long-term-care (LTC) insurance, home equity conversion (reverse mortgage), or life insurance conversions / selling your life insurance policy  (life settlement).

Medicare, Medicaid, and Social Security may officer limited assistance, but they are not designed to sustain senior resident housing  or long term care.

Learn more: Medicare Part A Coverage – Nursing Home Care (medicare.gov)

DID YOU KNOW?

You can SELL your life insurance for more than the cash surrender-value built into the policy?

ALL CONDITIONS ACCEPTED

GET A CASH OFFER NOW

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*Policy owners age 70+ may qualify.

TYPES OF SENIOR CARE SERVICES

The main types of services from least expensive to most expensive include Non-Medical Care, At Home Healthcare, Adult Day Care, Assisted Memory Care, and Nursing Home Care.

Custodial At-Home Care

#21/hr

Ranging from

$15/hr to $26/hr

Home Medical Caregiver

#22/hr

Ranging from

$16/hr to $27/hr

Adult Day Care

#72/day

Ranging from

$38/day to $125/day

Assisted Memory Care

#3.7K/mo

Ranging from

$2.6K/mo to $5.7K/mo

Nursing Home Care

#83K/yr

Ranging from

$4.3K/mo to $23K/mo

Average 2017 National Cost of Senior Care

CUSTODIAL AT-HOME CARE COSTS & EXPENSES

What is non-medical at-home care? (Custodial care)

Non-medical at-home care is administered by trained caregivers,  also called companion caregiver, custodial caregivers, or home care aides. Usually, non-medical caregivers are an affordable alternative to home-care facilities or a visiting medical caregiver or nurse.

Non-medical at-home caregivers provide personalized services:

Toiletries, bathing, hygiene and dressing

Social interaction and companionship

Physical fitness , exercise

Grocery shopping and meal prep

Laundry and housekeeping

Medication reminders

Mobility and transportation

How much does a Non-Medical Caregiver Cost?

The national average cost of assisted living is about $21/hour

The range in pricing for home health aide caregivers are typically around

$15-$26/hour.

7-Year  residency at a nursing home with private residence cost estimate is  $280,000.

Get a CASH OFFER now!

Non medical caregivers do not administer medications or use medical instruments.

Does Medicare Cover Custodial At-Home care?

No.  Medicare Part A / Part B does not provide coverage for custodial care.

However, if care is ordered and prescribed as medically necessary, you may become eligible for some at-home benefits under Medicare.

Learn More about  Medicare Part A on medicare.gov.

AT-HOME HEALTHCARE EXPENSES

What is at-home healthcare?

At-home healthcare is administered by trained health aides, also commonly called Certified Nursing Assistant or Patient Care Assistant. Home health aides usually work under the direction of a nursed or doctor.

Home health aides share similar responsibilities as custodial care workers, but with guidance under a nursing professional.

Toiletries, bathing, hygiene and dressing

Social interaction and companionship

Physical fitness , exercise

Grocery shopping and meal prep

Laundry and housekeeping

Medication reminders

Mobility and transportation

Vital Signs

Administer Medications

Medical Equipment Handing

How much does a Non-Medical Caregiver Cost?

The national average cost of assisted living is about $22/hour

The range in pricing for home health aide caregivers are typically around

$17-$27/hour.

7-Year  residency at a nursing home with private residence cost estimate is  $308,000.

Use the cash from selling your life insurance policy to enjoy your senior living for years to come.

Medicare Part A and Part B may be able to cover a limited portion of medically necessary At-Home healthcare expenses.

Learn more at:
Home Heath Services (medicare.gov)

ADULT DAY CARE COSTS & EXPENSES

What is adult day care?
Adult day care centers are found in all 50 states. Adult day care staffers assist patients away from home. It usually bills a daily rate. instead of hourly visitation rates. The cost of Adult Day Care is about half of what you would expect to pay for 8 of At-Home services every day.

Services rendered are similar to that of At-Home Healthcare:

Toiletries, bathing, hygiene and dressing

Social interaction and companionship

Physical fitness , exercise

Grocery shopping and meal prep

Laundry and housekeeping

Medication reminders

Mobility and transportation

Vital Signs

Administer Medications

Medical Equipment Handing

How much does skilled nursing home care cost?

The national average cost of assisted living is about $72/day

The range in pricing for home health aide caregivers are typically around

$38 -$125/day.

7-Year residency at a nursing home with private residence cost estimate is  $125,000.

Your life insurance policy is a powerful financial asset to improve your immediate & long term senior living situation. Don’t let it lapse. Let us worry about the monthly premiums. Contact us today to learn more.

ADULT ASSISTED LIVING AND MEMORY CARE COSTS & EXPENSES

What is adult day care?

Adult day care centers are found in all 50 states. Adult day medical personnel and staff assist patients in a senior care center. It usually bills a monthly residency. The cost of Adult Assisted Living is typically triple more than what you would expect to pay for Adult Day Care services.

Services rendered are custodial and medical:

Toiletries, bathing, hygiene and dressing

Social interaction and companionship

Physical fitness , exercise

Laundry and housekeeping

Medication reminders

Mobility

Vital Signs

Administer Medications

Medical Equipment Handing

Disease Treatment

How much does skilled nursing home care cost?

The national average cost of assisted living is about $3,700/month ($4,900/mo for memory care)

The range in pricing for home health aide caregivers are typically around

$2,600-$5,700/month.

7-Year residency at a nursing home with private residence cost estimate is $310,800.

Find out if your eligible to get a cash offer and cash out on your insurance policy in less than 10 days.

NURSING HOME CARE COSTS & EXPENSES

What are nursing homes?

Nursing homes, or Skilled Nursing Homes, care centers are found in all 50 states. Adult day medical personnel and staff assist patients in a senior care center. It usually bills a monthly residency. The cost of Adult Assisted Living is typically triple more than what you would expect to pay for Adult Day Care services.

Services rendered are custodial and medical:

Toiletries, bathing, hygiene and dressing

Social interaction and companionship

Physical fitness , exercise

Laundry and housekeeping

Medication reminders

Mobility

Vital Signs

Administer Medications

Medical Equipment Handing

Disease Treatment

How much does skilled nursing home care cost?

How much does skilled nursing home care cost?

The national average cost of assisted living is about $6,800/month

The range in pricing for home health aide caregivers are typically around

$4,300-$23,000/month.

7-Year  residency at a nursing home with private residence cost estimate is  $575,000.

Use the cash from selling your life insurance policy to enjoy your senior living for years to come.

NURSING HOME CARE COSTS & EXPENSES

What are nursing homes?

Nursing homes, or Skilled Nursing Homes, care centers are found in all 50 states. Adult day medical personnel and staff assist patients in a senior care center. It usually bills a monthly residency. The cost of Adult Assisted Living is typically triple more than what you would expect to pay for Adult Day Care services.

Services rendered are custodial and medical:

Toiletries, bathing, hygiene and dressing

Social interaction and companionship

Physical fitness , exercise

Laundry and housekeeping

Medication reminders

Mobility

Vital Signs

Administer Medications

Medical Equipment Handing

Disease Treatment

How much does skilled nursing home care cost?

How much does skilled nursing home care cost?

The national average cost of assisted living is about $6,800/month

The range in pricing for home health aide caregivers are typically around

$4,300-$23,000/month.

7-Year  residency at a nursing home with private residence cost estimate is  $575,000.

Use the cash from selling your life insurance policy to enjoy your senior living for years to come.

Medicare provides limited coverage for skilled nursing care provided in a skilled nursing facility (SNF).

Learn more:
Skilled nursing facility (SNF) care. (medicare.gov)