The cost of Long Term care and how to pay for it

Someone turning age 65 today has an
almost 70% chance of needing some type
of long-term care services and support in
their remaining years. For many, the cost
will place a burden on their finances, with
already high costs are expected to rise on
average over 30% in the next decade.

Senior Living Realty Navigators can help.
The funds for long-term care can come from financial
instruments such as immediate annuities, from
government programs such as Medicaid and Veterans
benefits, from long-term care insurance, to personal
savings and investments and even from a reverse
mortgage if the senior is choosing to age in place.
For many seniors, because their home is one of their most
valuable assets, the proceeds of the sale of a home can be
a primary source of funds for long-term care. This may be
especially appropriate if they are considering moving to a
long-term care facility or other location that better suits
their changing needs. You’ll be comforted in knowing
that your SRES® Real Estate Professional has the focus
and experience in helping seniors with these types of real
estate needs.