Paying for Elder Care

Our graduates’ personal care homes are more affordable than many other alternatives. For a line-by-line comparison, download a Value Comparison Worksheet.

Finding Money to Move to a Personal Care Home

Personal savings and investments are a great option to leverage to transition from your own home to a personal care home. Personal loans can also be used to create finance while transitioning to a personal care home.

Consult your financial advisor, as there are likely many other options available to you depending on your financial history, military background, etc.

Long-Term Options for Income and Cash Flow

Stocks and Bonds

Stocks, bonds, mutual funds and other marketable securities can be quickly and easily converted to into income streams to support living in a personal care home.

Home Equity

Equity in a home can be leveraged many ways. A cash-out refinance or home equity loan can provide a lump-sum of cash while using the home as collateral. Selling a home can also provide a lump-sum of cash. Converting a home into a rental property can provide a long-term income stream.

Consult your financial advisor, as there are likely many other options available to you depending on your situation.

Insurance

Some insurance policies may cover living in a personal care home. Whole life and other policies may be able to be converted into cash through a life settlement.

Consult your financial advisor, as there are likely many other options available to you depending on your situation.

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