ASSISTED LIVING PROFESSIONALS

Consumers have long viewed life insurance only as a means to provide protection for surviving family members, to pay estate taxes, to fund buy/sell agreements and to meet business or other financial obligations. In fact, an in-force life insurance policy can be extremely valuable to the policy owner while the insured is still alive. Under the right circumstances, a life insurance policy can be sold as a Life Settlement.

Life Settlements provide an opportunity to assisted living communities and their residents. Many Life Settlement transactions are entered into for the purpose of providing cash to cover the expenses associated with aging in the US. Proceeds are unrestricted and can be used towards a wide range of long term care options.

As an advocate for your residents and their families, it is your responsibility to know about the many financial resources that may help to ease this burden. Further, the more available funding, the longer a resident may remain under your care, and the higher percentage of filled beds at your community.