Senior Care Funding Help

Funding your retirement or senior care for a loved one can seem like a daunting task. SeniorLivingSource.org has established partnerships with lenders that specialize in helping individuals and families meet their funding needs. If you would like to receive a free consultation from one of these companies, simply fill out the short questionnaire below, and they will be in contact with you shortly. All of you information is kept private, and it will only be shared with our trusted funding partner.

	For whom are you seeking funding for a Senior Housing or Retirement Community?
	Is the person you're searching for at least 72 years of age?
	Does the person needing care intend to pay for senior housing with the proceeds of a house sale over the next 12 months?
	Has the person needing care already arranged to move into an assisted living or retirement home within the next 30 days?
	Does the person needing care have a Universal or Term Life (convertible only) insurance policy that has been in effect for 2 years or more and has a death benefit of at least $10,000?

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Street Address:		City:

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About Senior Care Funding

As reported in the New York Times, US News and World Report, and elsewhere, many seniors facing the prospect of long term care are unable to pay for their care today owing to the depressed real estate market. These aren't the classically poor seniors who've traditionally turned to Medicaid under these circumstances. Rather, these are elderly whose primary homes are their largest store of wealth, and they've planned on selling that primary home when the time was right and exchange the proceeds from that sale to secure a place in a senior living center or retirement home.

Vacancy rates at retirement homes and assisted living facilities are rising as this funding gridlock prolongs, causing these businesses to become creative and risk-taking in order to keep occupancy rates high. Some retirement homes, for example, are foregoing their customary entry deposits until the incoming residents can sell their homes.

Certain lesser-known funding strategies are gaining in prominence and popularity as seniors seek new solutions to pay for their elder care. Among these strategies are bridge loan products that lend up to $50,000 per year to a "consortium" of up to six family members who need to finance a loved one's care temporarily until the future sale of an asset such as the senior's home. Or life settlement products, which purchase in-force life insurance policies from seniors for a lump sum that's greater than the cash surrender value of the policy. Whereas the bridge loan products may generally be used solely for community-based care, the life settlement products can be used for about any purpose.