Life Care Funding, a life settlement company, has something to cheer about. Today, they announced that their product, Life Care Benefit Plan, is in use in five of the top 10 homecare companies in the U.S., including First Light, Griswold, Senior Helpers, Synergy and Visiting Angels.
Each of these companies have taken a proactive approach to inform seniors that they can use their life insurance to pay for care.
"As an alternative to abandoning a life insurance policy, the Life Care Benefit is an irrevocable, FDIC insured Benefit Account that is administered to extend the time a person would remain private pay and delay their need to go onto Medicaid," said Chris Orestis, CEO of Life Care Funding. "We are excited to be working with such an impressive group of homecare industry leaders to help people struggling to meet the costs of senior care."
