Finance Options

Hearth Senior Living is proud to offer our "Funding Solutions" program for seniors and their families seeking a variety of financial options. Please take some time to consider these financial options and learn more about how they can help you access our community, giving you time and peace of mind.

1. Veterans Aid & Attendance Benefit

The Aid and Attendance (A&A) Pension provides benefits for veterans and surviving spouses who require the regular attendance of another person to assist in eating, bathing, dressing and undressing or taking care of the needs of nature. It also includes individuals who are blind or a patient in a nursing home because of mental or physical incapacity. Assisted care in an assisting living facility also qualifies.

  • Contact your local state veteran counselor for additional information.

2. Elderlife Financial Services

Elderlife Financial provides loans for seniors and their family and friends. Elderlife's Access loan is an easy, fast way to finance senior living, eliminating for many, a significant obstacle to moving into a senior living community. With same day decision and funding within 72 hours in most cases, as well as low monthly payments, this loan can be utilized to:

  • Pay for rent while waiting for a home to sell
  • Pay for rent while waiting to settle a life insurance policy or the VA Benefit to arrive
  • Finance move-in fees or supplement monthly rent
  • Elderlife Financial Services specializes in helping families with senior living needs and can be reached at 1.888.228.4500 or on the web at www.elderlifefinancial.com.

3. Life Care Funding Group

Life Care Funding Group helps seniors raise funds to pay for their senior housing and long-term care through the Life Settlement Market. A Life Settlement is the sale of an in-force life insurance policy, while the policy owner is still alive, for an amount much greater than the cash surrender value in a straightforward process that takes 30 to 90 days. If a policy owner has outlived the purpose of a life insurance policy, has decided that it has become an under-performing asset, or has had a life event that requires liquidity— then selling a life insurance policy through a Life Settlement transaction should be considered.

Eligibility:

  • Age 65 or older (ages as young as 55 can be considered).
  • Any type of Life Insurance policy with a combined death benefit value of $50,000 or greater.
  • A Life Settlement is the sale of an asset, not a loan, and has no restrictions on use of money or requirements to be secured or paid back. The policy owner is no longer responsible for paying premiums once a Life Settlement is complete.

To learn more about Life Settlements as a source of funds for seniors visit Life Care Funding Group at www.lifecarefunding.com or call 1-888-670-7773.

Please note Hearth Management neither endorses nor requires the exclusive use of the above mentioned partners. The details within this page are for informational purposes only and are not to be construed as an endorsement of these services by Hearth Management or any of their communities. Families are encouraged to research all options available to them and to discuss such options with their financial and legal advisors prior to making any decisions.