With a Line of Credit or home loan, we can make affordable assisted living possible. Whether selling a home, applying for VA benefits, or waiting for other funds, our financing options give you financial flexibility. We can provide funding in less than 24 hours.
Affordable Assisted Living Options for Seniors and Families
Planning for elder care can be challenging and emotional—with lots of decisions to make and multiple options to consider. We want to make it affordable and easy to plan assisted living for seniors. At Merryvale Assisted Living we strive to provide affordable assisted living services that exceed the expectations of our residents and their families.
Our financial options include:
Our assisted living communities have a network of senior real estate specialists ready to assist you with every step of selling your home—from listing through closing. And our financing solutions provide you with the time to achieve the best sales price.
Many qualified Veterans and spouses are eligible for VA benefits to pay for senior living. Our network of VA experts is ready to assist you with your application today. The Department of Veterans Affairs provides an Aid and Attendance financial benefit to eligible wartime veterans, couples, and surviving spouses of veterans. Depending on your situation, you may be eligible for up to $2,120 per month. We can introduce you to a resource group that will review the VA’s eligibility criteria with you and assist with the paperwork in applying for the benefit. Contact us to find out how to take advantage of our network of VA experts to apply for this wonderful opportunity.
Your life insurance policies may be a financial solution for funding your move to your assisted living community. A life settlement provides seniors with cash for their life insurance policy. Available for term, universal, or whole life policies, life settlements, on average, provide three-to-four times the cash surrender value of your insurance policy. We can introduce you to a provider that will help you determine how much cash you can receive for your life insurance policy to determine whether this is a good option for you.
Long term care insurance can protect personal assets and inheritance for the family while providing greater choice in the selection of long term care and assisted living communities. Depending on the policy you choose, long term care insurance can cover the costs of elder care services such as assisted living, memory care assisted living, home health care and nursing care. Contact us today to review your current policy and help with planning for assisted living costs.
Elderlife provides lines of credit to help seniors and their families pay for senior living. The Elderlife Line of Credit is an easy way to finance senior living, eliminating for many, a significant obstacle to moving into a senior living community. With low monthly payments, the Elderlife Line of Credit can be utilized to:
- Pay for rent while waiting for a home to sell
- Pay for rent while waiting for VA or other benefits
- Finance move-in fees
- Supplement monthly rent