New solution-to-the-senior-care-challenge
•
0 likes•26 views
This document discusses how a reverse mortgage line of credit can help seniors pay for in-home care as they age, allowing them to remain in their home. A reverse mortgage provides a line of credit that is not reduced or revoked by the lender as long as loan terms are met. Funds from the line of credit can be used to pay for services like household help and nursing care. Unlike other loans, proceeds from a reverse mortgage are tax-free. The document argues that this is a solution to help cover the high costs of senior care for many who do not have long term care insurance or savings.
Report
Share
Report
Share
Download to read offline
Recommended
Use a HECM Reverse Mortgage as a Funding Strategy for Care
For your clients, 62 and older, a Reverse Mortgage Standby Line of Credit can be used to create a senior care funding strategy so that your clients can receive the care they need while remaining in their home.
Long Term Care Presentation - by Epic Capital
This document provides an overview of long-term care planning and options. It discusses that long-term care is needed when one can no longer independently care for themselves, and may involve assistance with daily tasks. Common places of long-term care include home care, assisted living facilities, adult day care, hospice, and nursing homes. The costs of long-term care are significant and most individuals and families are not adequately prepared to pay for extended care needs. Private long-term care insurance can help cover costs and protect assets from being depleted by long-term care expenses. The document encourages planning early for long-term care needs through exploring insurance options.
Long-Term Care Presentation
Long-term care insurance helps protect assets and financial plans by paying for long-term care services if an individual is unable to perform daily activities or needs supervision due to cognitive impairment. Long-term care includes services provided at home, in assisted living facilities, or nursing homes. A long-term care insurance policy pays benefits to help cover the costs of long-term care services and allows individuals to receive care in their preferred setting. It is recommended to consider long-term care insurance now while rates are affordable and health status allows for qualification.
Understanding Long-Term Care
With more people in America living longer, the demand for long-term care is expected to rise dramatically in the coming years. Here are some key facts on a little-known aspect of End-of-Life planning.
Pennsylvania Medicaid Planning: What Can a Healthy Spouse Keep?
Medicaid is important to many seniors who were qualified for Medicare, because Medicaid will pay for long-term care. There are asset and income limits that govern eligibility, but the healthy spouse is entitled to certain property rights. Learn more about Pennsylvania medicaid planning in this presentation.
Planning for Long-Term Care
It may be difficult to face the fact that your health may decline, but statistics suggest that approximately 70% of people will need long term care services at some point after age 65. This presentation advises on proactive long term care planning, including types of long term care, managing the cost of long term care, and long term care insurance options.
Long Term Care Insurance
Long-term care (LTC) refers to both medical and non-medical care for people who cannot independently perform daily activities or who have cognitive impairments. As lifespans increase, more people will need LTC, but it is very expensive - the average daily rate for a private nursing home room is over $200. Few have private LTC insurance to cover these costs. Private LTC insurance pays for only 7% of LTC costs currently. While it is growing as an alternative to relying on family or public programs, many are unaware of its benefits or mistakenly believe other options will cover LTC expenses.
LTC Presentation
This document provides an overview of senior health issues related to long-term care insurance. It defines long-term care and different levels of care, explains how long-term care insurance policies work including benefits, options, and consumer protections. It discusses who is likely to need long-term care based on age and health factors, and options for paying for care including Medicaid, selling one's home, life insurance policies, and continuing care retirement communities.
Recommended
Use a HECM Reverse Mortgage as a Funding Strategy for Care
For your clients, 62 and older, a Reverse Mortgage Standby Line of Credit can be used to create a senior care funding strategy so that your clients can receive the care they need while remaining in their home.
Long Term Care Presentation - by Epic Capital
This document provides an overview of long-term care planning and options. It discusses that long-term care is needed when one can no longer independently care for themselves, and may involve assistance with daily tasks. Common places of long-term care include home care, assisted living facilities, adult day care, hospice, and nursing homes. The costs of long-term care are significant and most individuals and families are not adequately prepared to pay for extended care needs. Private long-term care insurance can help cover costs and protect assets from being depleted by long-term care expenses. The document encourages planning early for long-term care needs through exploring insurance options.
Long-Term Care Presentation
Long-term care insurance helps protect assets and financial plans by paying for long-term care services if an individual is unable to perform daily activities or needs supervision due to cognitive impairment. Long-term care includes services provided at home, in assisted living facilities, or nursing homes. A long-term care insurance policy pays benefits to help cover the costs of long-term care services and allows individuals to receive care in their preferred setting. It is recommended to consider long-term care insurance now while rates are affordable and health status allows for qualification.
Understanding Long-Term Care
With more people in America living longer, the demand for long-term care is expected to rise dramatically in the coming years. Here are some key facts on a little-known aspect of End-of-Life planning.
Pennsylvania Medicaid Planning: What Can a Healthy Spouse Keep?
Medicaid is important to many seniors who were qualified for Medicare, because Medicaid will pay for long-term care. There are asset and income limits that govern eligibility, but the healthy spouse is entitled to certain property rights. Learn more about Pennsylvania medicaid planning in this presentation.
Planning for Long-Term Care
It may be difficult to face the fact that your health may decline, but statistics suggest that approximately 70% of people will need long term care services at some point after age 65. This presentation advises on proactive long term care planning, including types of long term care, managing the cost of long term care, and long term care insurance options.
Long Term Care Insurance
Long-term care (LTC) refers to both medical and non-medical care for people who cannot independently perform daily activities or who have cognitive impairments. As lifespans increase, more people will need LTC, but it is very expensive - the average daily rate for a private nursing home room is over $200. Few have private LTC insurance to cover these costs. Private LTC insurance pays for only 7% of LTC costs currently. While it is growing as an alternative to relying on family or public programs, many are unaware of its benefits or mistakenly believe other options will cover LTC expenses.
LTC Presentation
This document provides an overview of senior health issues related to long-term care insurance. It defines long-term care and different levels of care, explains how long-term care insurance policies work including benefits, options, and consumer protections. It discusses who is likely to need long-term care based on age and health factors, and options for paying for care including Medicaid, selling one's home, life insurance policies, and continuing care retirement communities.
Kfs long term care
This document provides an overview of long-term care planning and insurance. It begins with introductory information and disclaimers. It then discusses the potential costs of long-term care based on average earnings over a career. Several facts about long-term care needs and costs are presented. Common misconceptions about who pays for long-term care are addressed. The benefits of long-term care insurance for protecting assets are described. Tax treatment of long-term care insurance premiums and benefits is summarized. Considerations for evaluating long-term care insurance policies are outlined. The document concludes by emphasizing the importance of financial management for writing one's life story.
Long Term Health Care Presentation
The document discusses the need to plan for extended care as people are living longer lives and may require assistance with daily activities or suffer from cognitive impairments. It notes that over 12 million Americans currently require some form of extended care, with costs averaging tens of thousands per year. The document promotes purchasing long term care insurance now at a younger age to protect assets and have more options for care settings if extended care is needed.
2016 Welcome to Medicare
In this presentation we review Medicare, it's co-pays and deductibles along with eligibility requirements for seniors.
Does Medicare Pay for Long-Term Care in New York
Medicare does not pay for long-term custodial care like that received in nursing homes. Such care can cost over $160,000 per year in New York. While Medicare helps with medical costs, 7 in 10 seniors will require long-term care assistance that Medicare does not cover. Medicaid may pay for long-term care for those with limited assets who qualify through a spend-down process. Planning is needed to qualify for Medicaid assistance with long-term care costs that Medicare does not cover.
LTC Take Charge Of Your Future
- The document discusses long-term care insurance, explaining what long-term care is, the rising costs of care, and options for paying for care such as Medicaid, private pay, and long-term care insurance.
- It provides details on factors to consider when purchasing long-term care insurance like benefits, discounts, inflation protection, and when to buy.
- The earlier you purchase insurance, the lower the premiums tend to be and the more likely you are to pass underwriting given health risks increase with age.
Planning for Long-Term Care - A consumer's guide
Long-term care is expensive and most people are unprepared for these costs. The document discusses how 70% of Americans over 65 will need long-term care services, with costs projected to be over $1.9 million for five years of care 30 years from now. It outlines the types of long-term care services, who pays (mostly out-of-pocket despite misconceptions about Medicare and Medicaid coverage), and encourages planning now through insurance or other means to protect assets from these substantial costs.
Paying for Nursing Home Care
Nursing home care can be expensive, and most of us don't plan ahead to pay for long-term care. Learn your options for paying for nursing home care.
Paul Tarins of Sovereign Retirement Solutions Long-Term Care
The document discusses key questions about long-term care planning. It defines long-term care as ongoing services and support needed by those with chronic health conditions or disabilities, which can be provided in various settings like nursing homes or at home. It notes that the odds of needing long-term care are high but costly, with the average nursing home costing $74,820 per year. While Medicare provides limited coverage, Medicaid assists some after assets are depleted; therefore, purchasing long-term care insurance can help cover costs and allow choice over care. The document advises considering options like long-term care insurance, which provides coverage in exchange for premiums, when planning to pay for potential long-term care needs.
Ltc General
This document discusses long term care insurance options for individuals. It defines long term care as services to help with personal care over an extended period for conditions like aging, illness or disability. Long term care can be received at home, in assisted living or nursing homes, which have average annual costs of $83,585 for a private nursing home room. Long term care insurance can help pay for care and preserve assets, providing benefits, tax advantages and financial protection as part of a plan.
Generic Ltc Cme Credit Va Ltc Presentation Final(2)
Long term care provides assistance for those with chronic conditions and involves services to support daily living for those unable to perform activities of daily living independently. It is most commonly needed for conditions that limit daily functioning or cause cognitive impairments, and can be provided at home, in assisted living/adult day care facilities, or in nursing homes. Long term care insurance helps cover the high costs of long term care and protects retirement savings and assets from being depleted by such expenses.
Top 10 Reasons to Get Long Term Care Insurance
ACSIA asked long term care specialists and agents regarding the reasons why people purchase long term care insurance. This infographic shows the top ten popular reasons why people prepare for the devastating cost of care by buying ltc insurance.
Long Term Care
How many people in this room expect to need long-term care one day? It’s not surprising that few of us do, because it’s hard to face the fact that our health might decline. But statistics suggest that the risk is greater than we think. Approximately 70% of us--that’s 7 out of every 10 people here today--will need some type of long-term care services during our lifetimes at some point after we reach age 65. And though it's good news that people are living longer, a long life span increases the chance of developing serious health problems. In fact, according to the Alzheimer’s Association, one in nine people age 65 and older has Alzheimer’s disease, which often leads to the need for nursing home care. And while older people are more likely to need long-term care, younger people may need care too, as a result of a disabling accident or illness such as multiple sclerosis or Parkinson’s disease.
This isn’t meant to scare you, but rather to remind you that the need for long-term care can happen to anyone at any time. The need to be prepared is real, and something that you shouldn’t ignore.
Article 3
Critical illness insurance provides a lump sum payment if the policyholder is diagnosed with a serious illness covered by the policy, such as cancer, kidney failure, or AIDS. This payment can be used to cover bills, medical costs, or equipment to aid recovery. The cost of critical illness insurance depends on factors like the policyholder's age, health, habits, and occupation. It is meant to lessen the financial burden of critical illnesses and allow policyholders to focus on treatment without worrying about paying bills.
Ltc Womens
This document provides an overview of long-term care options for women, including the costs of care, potential ways to pay for care such as insurance or government programs, and the benefits of long-term care insurance. It notes that long-term care insurance can help preserve assets, provide tax advantages, and give more independence and control over care decisions while relieving emotional burdens on loved ones.
Final expense tips to increase your income
This document provides tips for increasing income as a final expense insurance agent. It discusses reducing chargebacks by building relationships with clients and providing additional value beyond just the policy. It suggests keeping lead costs below $1 per $10 return and provides strategies for reducing no-show appointments such as discussing value added services during scheduling. The tips include follow-up plans to save clients money on supplements or provide critical illness plans to increase client retention.
Planning & Paying for Long Term Care
This workshop features three parts:
Secret #1: Converting Life Insurance to a Life Care Benefit Plan. There is $500 billion in life insurance death benefit in the hands of senior citizens 65 years or older in the US today, yet 88% of all policies will either lapse or be surrendered for little of no value. Find out if converting this benefit into a Life Care plan benefit is available to you.
Secret #2: Accessing Veterans Benefits. Veterans and surviving spouses can qualify for over $2,000 per month in long-term care services. Find out how.
Secret #3: Utilizing Long-Term Care Insurance or other Third Party Payors. Navigate your policy and uncover other local community payment relief options.
Long Term Care Planning 20090608
Long-term care planning involves assessing the risks of needing long-term care services and protecting assets from being depleted by high costs. Common strategies include long-term care insurance, Medicaid planning through trusts or transferring assets, and using life insurance proceeds. Medicaid is often the last option and has strict eligibility rules around assets, income, transfers, and recovery against the estate. Comprehensive long-term care planning requires working with specialists to navigate the complex rules and identify the best strategies.
What Is the Medicaid Maintenance Needs Allowance in Connecticut
Medicaid will pay for help with your activities of daily living. In fact, it pays for most of the long-term care that seniors are receiving. Learn more medicaid monthly maintenance needs allowance in Connecticut in this presentation.
Selling final expense in a growing market
There are many decisions loved ones must make immediately following a loss. Putting together a final expense program with a licensed professional so their loved ones won’t have to worry about financial pitfalls that accompany these important decisions will help ease their mind and their potential burden.
How Can I Qualify for Maryland Medicaid
Medicaid is a government health insurance program that can become quite important to people who were never poor, because it pays for long-term care. The Medicare program will not pay for custodial care. Learn more about Maryland medicaid in this presentation.
Affording Home Care - ACC
This document provides information on long-term care options for seniors including staying at home, caregivers, government assistance, long-term care insurance, and reverse mortgages. It notes that family members are often primary caregivers but many women who traditionally served this role are now working. It outlines 5 guidelines for shopping for long-term care insurance including buying at age 65, choosing a strong insurer, getting a flexible policy, ensuring coverage of future costs, and a 4-year benefit plan. The document also describes reverse mortgages as enabling homeowners to access equity in their home to fund additional needs and lists eligibility requirements.
THE NEW- REVERSE MORTGAGE
A reverse mortgage allows homeowners aged 62 or older to convert equity in their home into tax-free cash without having to make monthly payments. Recent changes have made reverse mortgages safer and more effective for retirement planning by limiting how much equity can be borrowed and providing mortgage insurance. People are using reverse mortgages to pay off existing mortgages, supplement retirement income, finance home renovations for aging in place, and have emergency funds. A reverse mortgage may be suitable for homeowners looking for ways to maximize their retirement savings and income as part of a balanced retirement plan.
More Related Content
What's hot
Kfs long term care
This document provides an overview of long-term care planning and insurance. It begins with introductory information and disclaimers. It then discusses the potential costs of long-term care based on average earnings over a career. Several facts about long-term care needs and costs are presented. Common misconceptions about who pays for long-term care are addressed. The benefits of long-term care insurance for protecting assets are described. Tax treatment of long-term care insurance premiums and benefits is summarized. Considerations for evaluating long-term care insurance policies are outlined. The document concludes by emphasizing the importance of financial management for writing one's life story.
Long Term Health Care Presentation
The document discusses the need to plan for extended care as people are living longer lives and may require assistance with daily activities or suffer from cognitive impairments. It notes that over 12 million Americans currently require some form of extended care, with costs averaging tens of thousands per year. The document promotes purchasing long term care insurance now at a younger age to protect assets and have more options for care settings if extended care is needed.
2016 Welcome to Medicare
In this presentation we review Medicare, it's co-pays and deductibles along with eligibility requirements for seniors.
Does Medicare Pay for Long-Term Care in New York
Medicare does not pay for long-term custodial care like that received in nursing homes. Such care can cost over $160,000 per year in New York. While Medicare helps with medical costs, 7 in 10 seniors will require long-term care assistance that Medicare does not cover. Medicaid may pay for long-term care for those with limited assets who qualify through a spend-down process. Planning is needed to qualify for Medicaid assistance with long-term care costs that Medicare does not cover.
LTC Take Charge Of Your Future
- The document discusses long-term care insurance, explaining what long-term care is, the rising costs of care, and options for paying for care such as Medicaid, private pay, and long-term care insurance.
- It provides details on factors to consider when purchasing long-term care insurance like benefits, discounts, inflation protection, and when to buy.
- The earlier you purchase insurance, the lower the premiums tend to be and the more likely you are to pass underwriting given health risks increase with age.
Planning for Long-Term Care - A consumer's guide
Long-term care is expensive and most people are unprepared for these costs. The document discusses how 70% of Americans over 65 will need long-term care services, with costs projected to be over $1.9 million for five years of care 30 years from now. It outlines the types of long-term care services, who pays (mostly out-of-pocket despite misconceptions about Medicare and Medicaid coverage), and encourages planning now through insurance or other means to protect assets from these substantial costs.
Paying for Nursing Home Care
Nursing home care can be expensive, and most of us don't plan ahead to pay for long-term care. Learn your options for paying for nursing home care.
Paul Tarins of Sovereign Retirement Solutions Long-Term Care
The document discusses key questions about long-term care planning. It defines long-term care as ongoing services and support needed by those with chronic health conditions or disabilities, which can be provided in various settings like nursing homes or at home. It notes that the odds of needing long-term care are high but costly, with the average nursing home costing $74,820 per year. While Medicare provides limited coverage, Medicaid assists some after assets are depleted; therefore, purchasing long-term care insurance can help cover costs and allow choice over care. The document advises considering options like long-term care insurance, which provides coverage in exchange for premiums, when planning to pay for potential long-term care needs.
Ltc General
This document discusses long term care insurance options for individuals. It defines long term care as services to help with personal care over an extended period for conditions like aging, illness or disability. Long term care can be received at home, in assisted living or nursing homes, which have average annual costs of $83,585 for a private nursing home room. Long term care insurance can help pay for care and preserve assets, providing benefits, tax advantages and financial protection as part of a plan.
Generic Ltc Cme Credit Va Ltc Presentation Final(2)
Long term care provides assistance for those with chronic conditions and involves services to support daily living for those unable to perform activities of daily living independently. It is most commonly needed for conditions that limit daily functioning or cause cognitive impairments, and can be provided at home, in assisted living/adult day care facilities, or in nursing homes. Long term care insurance helps cover the high costs of long term care and protects retirement savings and assets from being depleted by such expenses.
Top 10 Reasons to Get Long Term Care Insurance
ACSIA asked long term care specialists and agents regarding the reasons why people purchase long term care insurance. This infographic shows the top ten popular reasons why people prepare for the devastating cost of care by buying ltc insurance.
Long Term Care
How many people in this room expect to need long-term care one day? It’s not surprising that few of us do, because it’s hard to face the fact that our health might decline. But statistics suggest that the risk is greater than we think. Approximately 70% of us--that’s 7 out of every 10 people here today--will need some type of long-term care services during our lifetimes at some point after we reach age 65. And though it's good news that people are living longer, a long life span increases the chance of developing serious health problems. In fact, according to the Alzheimer’s Association, one in nine people age 65 and older has Alzheimer’s disease, which often leads to the need for nursing home care. And while older people are more likely to need long-term care, younger people may need care too, as a result of a disabling accident or illness such as multiple sclerosis or Parkinson’s disease.
This isn’t meant to scare you, but rather to remind you that the need for long-term care can happen to anyone at any time. The need to be prepared is real, and something that you shouldn’t ignore.
Article 3
Critical illness insurance provides a lump sum payment if the policyholder is diagnosed with a serious illness covered by the policy, such as cancer, kidney failure, or AIDS. This payment can be used to cover bills, medical costs, or equipment to aid recovery. The cost of critical illness insurance depends on factors like the policyholder's age, health, habits, and occupation. It is meant to lessen the financial burden of critical illnesses and allow policyholders to focus on treatment without worrying about paying bills.
Ltc Womens
This document provides an overview of long-term care options for women, including the costs of care, potential ways to pay for care such as insurance or government programs, and the benefits of long-term care insurance. It notes that long-term care insurance can help preserve assets, provide tax advantages, and give more independence and control over care decisions while relieving emotional burdens on loved ones.
Final expense tips to increase your income
This document provides tips for increasing income as a final expense insurance agent. It discusses reducing chargebacks by building relationships with clients and providing additional value beyond just the policy. It suggests keeping lead costs below $1 per $10 return and provides strategies for reducing no-show appointments such as discussing value added services during scheduling. The tips include follow-up plans to save clients money on supplements or provide critical illness plans to increase client retention.
Planning & Paying for Long Term Care
This workshop features three parts:
Secret #1: Converting Life Insurance to a Life Care Benefit Plan. There is $500 billion in life insurance death benefit in the hands of senior citizens 65 years or older in the US today, yet 88% of all policies will either lapse or be surrendered for little of no value. Find out if converting this benefit into a Life Care plan benefit is available to you.
Secret #2: Accessing Veterans Benefits. Veterans and surviving spouses can qualify for over $2,000 per month in long-term care services. Find out how.
Secret #3: Utilizing Long-Term Care Insurance or other Third Party Payors. Navigate your policy and uncover other local community payment relief options.
Long Term Care Planning 20090608
Long-term care planning involves assessing the risks of needing long-term care services and protecting assets from being depleted by high costs. Common strategies include long-term care insurance, Medicaid planning through trusts or transferring assets, and using life insurance proceeds. Medicaid is often the last option and has strict eligibility rules around assets, income, transfers, and recovery against the estate. Comprehensive long-term care planning requires working with specialists to navigate the complex rules and identify the best strategies.
What Is the Medicaid Maintenance Needs Allowance in Connecticut
Medicaid will pay for help with your activities of daily living. In fact, it pays for most of the long-term care that seniors are receiving. Learn more medicaid monthly maintenance needs allowance in Connecticut in this presentation.
Selling final expense in a growing market
There are many decisions loved ones must make immediately following a loss. Putting together a final expense program with a licensed professional so their loved ones won’t have to worry about financial pitfalls that accompany these important decisions will help ease their mind and their potential burden.
How Can I Qualify for Maryland Medicaid
Medicaid is a government health insurance program that can become quite important to people who were never poor, because it pays for long-term care. The Medicare program will not pay for custodial care. Learn more about Maryland medicaid in this presentation.
What's hot (20)
Paul Tarins of Sovereign Retirement Solutions Long-Term Care
Paul Tarins of Sovereign Retirement Solutions Long-Term Care
Generic Ltc Cme Credit Va Ltc Presentation Final(2)
Generic Ltc Cme Credit Va Ltc Presentation Final(2)
What Is the Medicaid Maintenance Needs Allowance in Connecticut
What Is the Medicaid Maintenance Needs Allowance in Connecticut
Similar to New solution-to-the-senior-care-challenge
Affording Home Care - ACC
This document provides information on long-term care options for seniors including staying at home, caregivers, government assistance, long-term care insurance, and reverse mortgages. It notes that family members are often primary caregivers but many women who traditionally served this role are now working. It outlines 5 guidelines for shopping for long-term care insurance including buying at age 65, choosing a strong insurer, getting a flexible policy, ensuring coverage of future costs, and a 4-year benefit plan. The document also describes reverse mortgages as enabling homeowners to access equity in their home to fund additional needs and lists eligibility requirements.
THE NEW- REVERSE MORTGAGE
A reverse mortgage allows homeowners aged 62 or older to convert equity in their home into tax-free cash without having to make monthly payments. Recent changes have made reverse mortgages safer and more effective for retirement planning by limiting how much equity can be borrowed and providing mortgage insurance. People are using reverse mortgages to pay off existing mortgages, supplement retirement income, finance home renovations for aging in place, and have emergency funds. A reverse mortgage may be suitable for homeowners looking for ways to maximize their retirement savings and income as part of a balanced retirement plan.
AIA LTC Presentation
This document provides information about long-term care (LTC) insurance for producers. It discusses the history and market for LTC insurance, common misconceptions clients have about coverage, benefits of LTC policies, and tips for reducing policy costs. Sample policy comparisons and illustrations are also included to demonstrate how LTC insurance can help clients pay for long-term care needs and protect their assets.
Senior care presentation 2 pptx
This document discusses aging in place options in the Livermore Valley area. It outlines 7 housing options including staying at home with caregiver assistance, moving to a senior community, assisted living, memory care, board and care, skilled nursing facilities, and continuing care retirement communities. It also discusses the importance of researching providers, putting legal and financial plans in place including powers of attorney and long term care insurance, and available health programs like home health care and hospice. Estimated costs are provided for each housing option.
Bank Elpo Presentation March 2009
Nearly 80 percent of the deposits in local savings banks are owned by those over age 55.
By partnering with experienced eldercare professionals, a bank can build closer relationships with these maturing multi-generational families (aging baby boomers and seniors).
Banks who pay attention to these critical customer segments will not only preserve their customer base but will see a substantial increase in attractive new depositors resulting in improved profitability.
Reverse mortgage to financial planners & advisors
The document discusses how reverse mortgages can help financial planners and their clients. It explains that reverse mortgages allow homeowners age 62+ to access equity in their home without making monthly payments. While reverse mortgages have negatives like closing costs and depletion of equity over time, they provide benefits like increased cash flow, repayment only upon moving or death, and never owing more than the home is worth. The document outlines strategies like using reverse mortgage proceeds to pay insurance premiums or fund long-term care.
Reverse Mortgage Product Basics 3 24 2010
A reverse mortgage allows senior homeowners aged 62 or older to convert equity in their home into tax-free cash payments, while continuing to live in their home. They do not require monthly mortgage payments or repayment of the loan until the last borrower permanently moves out or passes away. Common myths about reverse mortgages include that the borrower could lose ownership of their home or owe more than their home is worth, but reverse mortgages are structured to protect borrowers from these outcomes. Eligibility requires the home to be the borrower's primary residence and for them to receive counseling on reverse mortgage options and costs.
Reverse mortgages explained
A decent presentation about Reverse Mortgages and how they work. I honestly do not remember where I got this from and I hope it is not a problem that I ma posting it.
Alabama Health Benefit Retirement Planning
At age 64, it is important to understand the Medicare application process. There is a 7-month initial enrollment period for Medicare Parts A, B and D that begins 3 months before your 65th birthday, includes your 65th birthday month, and extends 3 months after. During this time, you can enroll in Medicare even if you are not receiving Social Security benefits. If you do not enroll in Parts B and D during this initial period, you may face penalties for late enrollment in the form of higher premium costs for life. It is important to understand your options for Original Medicare or Medicare Advantage plans and ensure your doctors accept your chosen coverage.
30 Minute LTC Presentation
This document provides information about long term care planning from Financially Focused, LLC, an insurance brokerage and financial planning firm. It discusses the company's services, common questions about long term care insurance, the history and definitions of long term care, expenses covered by long term care insurance, state partnership plans, statistics on long term care needs, and the tax deductibility of long term care insurance premiums. The overall purpose is to educate clients on long term care planning and insurance options.
Reverse mortgage presentation_7_11
- A reverse mortgage allows homeowners aged 62 or older to convert their home equity into tax-free cash without making monthly payments. The lender pays the homeowner instead through options like lump sums, monthly payments, or a line of credit.
- Borrowers retain ownership of their home and cannot owe more than its value. They must continue living there as their primary residence and pay taxes/insurance. The loan is repaid when the last borrower dies, sells the home, or fails to meet obligations.
- The amount borrowers can access depends on their age, home value, interest rates, and lending limits. They have flexibility to use funds for any purpose like eliminating debt or home improvements.
Reverse Guide 2009
This document provides an overview of reverse mortgages, including what they are, why someone may want one, eligibility requirements, how much can be borrowed, payment options, interest rates, the loan repayment process, and the steps involved in getting a reverse mortgage. Key points include:
- A reverse mortgage allows homeowners aged 62+ to borrow against the equity in their home and receive payments instead of making them.
- Funds can be used for any purpose and are not considered income for programs like Social Security.
- Maximum loan amounts depend on the home value, age of borrowers, and interest rate.
- Borrowers have options to receive funds as a lump sum, monthly payments, line
Reverse for purchase for Realtors ppt 8 8-2019
As we age, the home we lived in for 40 years may no longer work. Transitioning to more suitable housing can be difficult because the value of the home we live in is less then the new home we want to purchase. Here is the solution, if you are 62+.
Financial planning and long term care 2016 june right blend investing
This document discusses financial planning considerations for long-term care. It defines long-term care insurance as a policy that pays daily or monthly benefits if long-term care is needed. While Medicare and health insurance cover some home care and hospitalization, they do not cover activities of daily living. The costs of long-term care and long-term care insurance are rising significantly. The document provides estimates of life expectancies and costs of care and insurance policies to help with financial planning for potential long-term care needs.
Financial planning and long term care 2016 june right blend investing
This document discusses financial planning considerations for long-term care. It defines long-term care insurance as a policy that pays daily or monthly benefits if long-term care is needed. While Medicare and health insurance cover some home care and hospitalization, they do not cover activities of daily living. The costs of long-term care and long-term care insurance are rising significantly. The document provides estimates of life expectancies and costs of care and insurance policies to help with financial planning for potential long-term care needs.
2015 09-22 Advanced Long Term Care Planning
With the cost of Long Term Care Insurance continuing to rise, advisors look for new ways to deliver meaningful solutions to address the needs of the clients at death… and during their lives. We’ll take a closer look at what’s going on in the LTC Marketplace, and what solutions are appropriate to meet the needs of your high net worth clients.
LongTermCareInfo
The document provides information about long term care, its costs, and the benefits of planning for long term care needs through insurance. It defines long term care as services to assist with daily living for an extended period of time. Most people will need some form of long term care as they age. The costs of care can be substantial and deplete savings. Long term care insurance helps cover the costs and provides financial protection and peace of mind.
Medicaid Planning
Medicaid Planning and the Caregiver Crisis
https://www.thehalelawfirm.com/practice-areas/elder-law/medicaid-planning/
If you or someone you love is at risk of spending down their life savings to pay for the ever-growing cost of long-term care, then we invite you to call today for your free initial consultation. We look forward to exploring the opportunities our long-term care and asset protection planning can provide. The risk of needing long-term care and its related expenses is too great to ignore.
Call today to speak with a Dallas Medicaid planning attorney at the Hale Law Firm, P.C.
The Hale Law Firm, P.C.
417 W Main St
Waxahachie, TX 75165
(214) 446-5080
https://www.thehalelawfirm.com/
Understanding aca ambassadors
The document summarizes key provisions of the Affordable Care Act (ACA). It discusses how the ACA aims to reduce health care costs, provide Americans with access to affordable health coverage, strengthen Medicare and Medicaid, and modernize the health care system. It outlines significant changes to private health insurance including prohibiting denial of coverage for pre-existing conditions and requiring coverage of essential health benefits. The ACA also provides tax credits to help individuals and small businesses purchase insurance and strengthens Medicaid.
Funding Solutions Guide
This document provides an overview of various funding options available to pay for home care services. It discusses long-term care insurance, veterans benefits, reverse mortgages, life settlements, and Medicaid waiver programs as potential sources of funding. For each option, it provides basic eligibility requirements and examples of services that may be covered. The document aims to help readers understand their home care financing options and choose funding sources that best fit their individual needs and circumstances.
Similar to New solution-to-the-senior-care-challenge (20)
Financial planning and long term care 2016 june right blend investing
Financial planning and long term care 2016 june right blend investing
Financial planning and long term care 2016 june right blend investing
Financial planning and long term care 2016 june right blend investing
More from Elise A. David, Reverse Mortgages, Home Equity Conversion
Myths vs Facts about Reverse Mortgages page 2
Myths vs Facts about Reverse Mortgages page 2Elise A. David, Reverse Mortgages, Home Equity Conversion
This document provides contact information for a reverse mortgage specialist named Elise David who works for Ameripro Lending, Inc. and can be reached by phone or email to answer questions about reverse mortgages. The document lists Elise David's name, title, company information, license numbers, phone number, email address, and encourages contacting her to get answers to reverse mortgage questions.Reverse Mortgage Myths vs Facts
Elise's phone number is 760 702-2352. The document provides a name and phone number in a brief listing format with no other context or details provided. In just a single line, the document conveys contact information for an individual named Elise.
Reverse Mortgage Purchase
Purchase with a Reverse Mortgage, Increase your buying power
One borrower 62, younger spouse ok! Title stays 100% in borrowers name or trust.
No credit score restrictions
Myths about reverse Part 2
Reverse Mortgage
Senior Only Home Loan
Home Equity Conversion Mortgage
SUPPLEMENT YOUR RETIREMENT
Reverse Mortgage Myths Part 1
Maintain 100% title in your name / Trust
Heirs receive any equity remaining from sale of property
Federally Insured Loan Never owe more then appraised value
Purchasing with a HOME EQUITY CONVERSION MORTGAGE
Purchasing with a HOME EQUITY CONVERSION MORTGAGEElise A. David, Reverse Mortgages, Home Equity Conversion
CAN YOU IMAGINE BUYING WITH NO CREDIT SCORE REQUIREMENTS, NO DEBT TO INCOME REQUIREMENTS
ITS HERE NOW !! Changing perspective on Reverse Mortgage the NEW HOME EQUITY CONVERSION MORTGAGESeniors; Use your Home to stay at home
The National Council on Aging (NCOA) is committed to helping older adults live independently in their own homes for as long as possible. As people age, health or financial challenges can make living at home difficult. This booklet aims to help seniors understand options like reverse mortgages that can provide funds to pay for services needed to age in place. It discusses factors to consider when deciding if aging in place is feasible and sustainable.
Reverse Mortgage Purchase
A Home Equity Conversion Mortgage (HECM) for Purchase allows seniors to buy a new home using equity from the sale of their previous home and other assets. It is an FHA-insured loan that requires no monthly mortgage payments. Borrowers must be 62 years or older and use the home as their primary residence. The loan provides qualifying seniors with funds to purchase a home while eliminating monthly payments. Eligibility requirements include the youngest borrower being 62+, the purchased home being the primary residence, and the HECM for Purchase being the only mortgage loan used for the purchase.
More from Elise A. David, Reverse Mortgages, Home Equity Conversion (9)
Recently uploaded
Professional Secrecy: Forensic Medicine Lecture
Professional Secrecy: Forensic Medicine Lecture , Medical jurisprudence
CCSN_June_06 2024_jones. Cancer Rehabpptx
About this webinar: This talk will introduce what cancer rehabilitation is, where it fits into the cancer trajectory, and who can benefit from it. In addition, the current landscape of cancer rehabilitation in Canada will be discussed and the need for advocacy to increase access to this essential component of cancer care.
Common Challenges in Dermatology Billing and How to Overcome.pptx
Discover the common challenges in dermatology billing and coding. Learn how expert assistance can help improve your practice's productivity.
NEEDLE STICK INJURY - JOURNAL CLUB PRESENTATION - DR SHAMIN EABENSON
NEEDLE STICK INJURY - JOURNAL CLUB PRESENTATION - DR SHAMIN EABENSON
Letter to MREC - application to conduct study
Application to conduct study on research title 'Awareness and knowledge of oral cancer and precancer among dental outpatient in Klinik Pergigian Merlimau, Melaka'
Unlocking the Secrets to Safe Patient Handling.pdf
Furthermore, the time constraints and workload in healthcare settings can make it challenging for caregivers to prioritise safe patient handling Australia practices, leading to shortcuts and increased risks.
LEAD Innovation Launch_WHO Innovation Initiative.pptx
WHO Innovation Initiative. WHO Innovation Initiative. WHO Innovation Initiative. WHO Innovation Initiative.
MBC Support Group for Black Women – Insights in Genetic Testing.pdf
Christina Spears, breast cancer genetic counselor at the Ohio State University Comprehensive Cancer Center, joined us for the MBC Support Group for Black Women to discuss the importance of genetic testing in communities of color and answer pressing questions.
LGBTQ+ Adults: Unique Opportunities and Inclusive Approaches to Care
This webinar helps clinicians understand the unique healthcare needs of the LGBTQ+ community, primarily in relation to end-of-life care. Topics include social and cultural background and challenges, healthcare disparities, advanced care planning, and strategies for reaching the community and improving quality of care.
Gemma Wean- Nutritional solution for Artemia
GEMMA Wean is a high end larval co-feeding and weaning diet aimed at Artemia optimisation and is fortified with a high level of proteins and phospholipids. GEMMA Wean provides the early weaned juveniles with dedicated fish nutrition and is an ideal follow on from GEMMA Micro or Artemia.
GEMMA Wean has an optimised nutritional balance and physical quality so that it flows more freely and spreads readily on the water surface. The balance of phospholipid classes to- gether with the production technology based on a low temperature extrusion process improve the physical aspect of the pellets while still retaining the high phospholipid content.
GEMMA Wean is available in 0.1mm, 0.2mm and 0.3mm. There is also a 0.5mm micro-pellet, GEMMA Wean Diamond, which covers the early nursery stage from post-weaning to pre-growing.
2024 HIPAA Compliance Training Guide to the Compliance Officers
Join us for a comprehensive 90-minute lesson designed specifically for Compliance Officers and Practice/Business Managers. This 2024 HIPAA Training session will guide you through the critical steps needed to ensure your practice is fully prepared for upcoming audits. Key updates and significant changes under the Omnibus Rule will be covered, along with the latest applicable updates for 2024.
Key Areas Covered:
Texting and Email Communication: Understand the compliance requirements for electronic communication.
Encryption Standards: Learn what is necessary and what is overhyped.
Medical Messaging and Voice Data: Ensure secure handling of sensitive information.
IT Risk Factors: Identify and mitigate risks related to your IT infrastructure.
Why Attend:
Expert Instructor: Brian Tuttle, with over 20 years in Health IT and Compliance Consulting, brings invaluable experience and knowledge, including insights from over 1000 risk assessments and direct dealings with Office of Civil Rights HIPAA auditors.
Actionable Insights: Receive practical advice on preparing for audits and avoiding common mistakes.
Clarity on Compliance: Clear up misconceptions and understand the reality of HIPAA regulations.
Ensure your compliance strategy is up-to-date and effective. Enroll now and be prepared for the 2024 HIPAA audits.
Enroll Now to secure your spot in this crucial training session and ensure your HIPAA compliance is robust and audit-ready.
https://conferencepanel.com/conference/hipaa-training-for-the-compliance-officer-2024-updates
Can coffee help me lose weight? Yes, 25,422 users in the USA use it for that ...
The South Beach Coffee Java Diet is a variation of the popular South Beach Diet, which was developed by cardiologist Dr. Arthur Agatston. The original South Beach Diet focuses on consuming lean proteins, healthy fats, and low-glycemic index carbohydrates. The South Beach Coffee Java Diet adds the element of coffee, specifically caffeine, to enhance weight loss and improve energy levels.
DR SHAMIN EABENSON - JOURNAL CLUB - NEEDLE STICK INJURY
JOURNAL CLUB - NEEDLE STICK INJURY - TOPIC PRESENTED BY DR SHAMIN
PrudentRx: A Resource for Patient Education and Engagement
PrudentRx enhances healthcare by educating patients and ensuring effective medication management in a complex, evolving landscape.
一比一原版(EUR毕业证)鹿特丹伊拉斯姆斯大学毕业证如何办理
EUR毕业证offer【微信95270640】《鹿特丹伊拉斯姆斯大学毕业证书原版制作EUR成绩单》【Q微信95270640】《仿制EUR毕业证成绩单鹿特丹伊拉斯姆斯大学学位证书pdf电子图》，A.为什么留学生需要操作留信认证?
留信认证全称全国留学生信息服务网认证,隶属于北京中科院。①留信认证门槛条件更低,费用更美丽,并且包过,完单周期短,效率高②留信认证虽然不能去国企,但是一般的公司都没有问题,因为国内很多公司连基本的留学生学历认证都不了解。这对于留学生来说,这就比自己光拿一个证书更有说服力,因为留学学历可以在留信网站上进行查询!
B.为什么我们提供的毕业证成绩单具有使用价值？
查询留服认证是国内鉴别留学生海外学历的唯一途径，但认证只是个体行为，不是所有留学生都操作，所以没有办理认证的留学生的学历在国内也是查询不到的，他们也仅仅只有一张文凭。所以这时候我们提供的和学校颁发的一模一样的毕业证成绩单，就有了使用价值。
实体公司，专业可靠，办理加拿大毕业证|办美国成绩单|做德国文凭学历认证|办新西兰学位证，办澳洲文凭认证，办留信网认证（网上可查，实体公司，专业可靠）铸就十年品质！信誉！实体公司！
办理国外鹿特丹伊拉斯姆斯大学毕业证书 #成绩单改成绩 #教育部学历学位认证 #毕业证认证 #留服认证 #使馆认证（留学回国人员证明） #（证）等
真实教育部认证教育部存档中国教育部留学服务中心认证（即教育部留服认证）网站100%可查.
真实使馆认证（即留学人员回国证明）使馆存档可通过大使馆查询确认.
留信网认证国家专业人才认证中心颁发入库证书留信网永久存档可查.
鹿特丹伊拉斯姆斯大学鹿特丹伊拉斯姆斯大学毕业证假文凭毕业证 #成绩单等全套材料从防伪到印刷从水印到钢印烫金跟学校原版100%相同.
国际留学归国服务中心：实体公司注册经营行业标杆精益求精！
国外毕业证学位证成绩单办理流程：
1客户提供办理鹿特丹伊拉斯姆斯大学鹿特丹伊拉斯姆斯大学毕业证假文凭信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询）；
2开始安排制作鹿特丹伊拉斯姆斯大学毕业证成绩单电子图；
3鹿特丹伊拉斯姆斯大学毕业证成绩单电子版做好以后发送给您确认；
4鹿特丹伊拉斯姆斯大学毕业证成绩单电子版您确认信息无误之后安排制作成品；
5鹿特丹伊拉斯姆斯大学成品做好拍照或者视频给您确认；
6快递给客户（国内顺丰国外DHLUPS等快递邮寄鹿特丹伊拉斯姆斯大学鹿特丹伊拉斯姆斯大学毕业证假文凭）。地跟着父亲昼夜兼程第二天凌晨就辗转到了父亲的城哇父亲的城真的好大好美哟走出广州火车东站的那一刻山娃感受到了一种从未有过的激动和震撼太美了可爱的广州父亲的城山娃惊喜得几乎叫出声来山娃觉得父亲太伟大了居然能单匹马地跑到这么远这么大这么美的地方赚大钱高楼大厦鳞次栉比大街小巷人潮涌动山娃一路张望一路惊叹他发现城里的桥居然层层叠叠扭来扭去桥下没水却有着水一般的车水马龙山娃惊诧于城里的公交车那么大那么美不的
Champions of Health Spotlight On Leaders Shaping Germany's Healthcare.pdf
This edition features a handful of Champions of Health: Spotlight On Leaders Shaping Germany's Healthcare that are leading us into a better future.
Tips for Pet Care in winters How to take care of pets.
Tips for Pet Care in winters How to take care of pets.
Recently uploaded (20)
Common Challenges in Dermatology Billing and How to Overcome.pptx
Common Challenges in Dermatology Billing and How to Overcome.pptx
NEEDLE STICK INJURY - JOURNAL CLUB PRESENTATION - DR SHAMIN EABENSON
NEEDLE STICK INJURY - JOURNAL CLUB PRESENTATION - DR SHAMIN EABENSON
Unlocking the Secrets to Safe Patient Handling.pdf
Unlocking the Secrets to Safe Patient Handling.pdf
LEAD Innovation Launch_WHO Innovation Initiative.pptx
LEAD Innovation Launch_WHO Innovation Initiative.pptx
MBC Support Group for Black Women – Insights in Genetic Testing.pdf
MBC Support Group for Black Women – Insights in Genetic Testing.pdf
LGBTQ+ Adults: Unique Opportunities and Inclusive Approaches to Care
LGBTQ+ Adults: Unique Opportunities and Inclusive Approaches to Care
2024 HIPAA Compliance Training Guide to the Compliance Officers
2024 HIPAA Compliance Training Guide to the Compliance Officers
Can coffee help me lose weight? Yes, 25,422 users in the USA use it for that ...
Can coffee help me lose weight? Yes, 25,422 users in the USA use it for that ...
DR SHAMIN EABENSON - JOURNAL CLUB - NEEDLE STICK INJURY
DR SHAMIN EABENSON - JOURNAL CLUB - NEEDLE STICK INJURY
PrudentRx: A Resource for Patient Education and Engagement
PrudentRx: A Resource for Patient Education and Engagement
Bringing AI into a Mid-Sized Company: A structured Approach
Bringing AI into a Mid-Sized Company: A structured Approach
Champions of Health Spotlight On Leaders Shaping Germany's Healthcare.pdf
Champions of Health Spotlight On Leaders Shaping Germany's Healthcare.pdf
Tips for Pet Care in winters How to take care of pets.
Tips for Pet Care in winters How to take care of pets.
New solution-to-the-senior-care-challenge
- 1. This smart retirement funding tool leverages the power of an important financial asset—home equity—to help older clients receive the care they need, while they continue to live in their own home. For your clients who are age 62 and older, a Reverse Mortgage Standby Line of Credit can be used to create a Senior Care funding strategy. • In-home care services can reduce the need for expensive nursing homes, and improve quality of care. • Services can gradually be ramped up as needed—from help with household chores, to 24-hour nursing care. • A Reverse Mortgage Standby Line of Credit can be set up in advance—before care is needed—so funding is at-the-ready. • Unlike a traditional home equity line of credit (HELOC), the unused portion of the reverse mortgage line of credit grows over time, allowing access to more funds as the borrower ages. And the line cannot be reduced or revoked by the lender, as long as the terms of the loan are met—ensuring the funds will be there when needed. • There are no monthly mortgage payments for as long as they live in their home.* (The homeowners remain responsible for keeping current with property taxes, required insurance and home maintentance.) • Proceeds are tax-free.** More information on reverse » A New Solution to the Senior Care Challenge How to Shield Your Clients and Their Families * If the borrower does not meet loan obligations such as taxes and insurance, then the loan will need to be repaid. **Not tax advice. Consult a tax professional.
- 2. To learn more about how a Reverse Mortgage Standby Line of Credit can be used safely and effectively to support a Senior Care funding strategy, contact me today. Over 97% of Americans make NO advance financial plans for Senior Care needs.1 Yet 70% WILL NEED some form of Senior Care in their lifetime.2 A New Solution to the Senior Care Challenge The Numbers The Questions Most INCORRECTLY believe their medical insurance will pay for care.3 Annual costs start at approximately $30,000 for In-Home Care4 and range up to $94,000 for Nursing Home Care4 (not including therapy, rehabilitation or medication) Questions that children of Baby Boomers should be asking themselves: Can my parents afford $94,000 per year each for nursing home care? Do they have a Long Term Care insurance policy? Am I planning on my parents and/or in-laws moving into my home, and being their care provider? 1 Source: American Association for Long-Term Care Insurance, www.aaltci.org/long-term-care-insurance/learning-center/fast-facts.php 2 Source: U.S. Department of Health and Human Services, www.longtermcare.gov/the-basics/who-needs-care 3 Source: U.S. Department of Health and Human Services, www. longtermcare.gov/costs-how-to-pay/what-is-covered-by-health-disability-insurance 4 Source: John Hancock’s 2013 Cost of Care Survey For business and professional use only. Not for consumer distribution. This material is not from HUD or FHA and has not been approved by HUD or any government agency. Ameripro Lending, Inc. 1672 Main Street #E313 Ramona, Ca 92065 BRE#01851068 NMLS#246528 760 702-2352 Elise David, Reverse Specialist 760 702-2352 NMLS #236833 Reverseforcash@gmail.com