Creative Strategies for Financing Senior Care Suzette Graham Founder and CEO
Did you know? ▶
2010 Census: there are 40.3 million Seniors over the age of 65
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Jan 1, 2011: Every day 10,000 baby boomers will turn 65 and this will take place for 19 years*
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Today there are about 56,150,000 Seniors and over the next 15 years another 54,750,000 will be added
73% of Americans do not know how they are going to pay for Senior Care Today 41,000,000 Seniors have no idea how they are going to afford your community! *Pew Research Center
Veterans Benefits Today there are 30.5 Million Veterans and Surviving Spouses There is a liSle known Pension that is available to them that helps pay for their cost of care and less than 5% are receiving it The Veteran needed to serve just 90 days acUve duty and 1 day during a designated war Ume The possible benefit ranges from $1149 to $2120 monthly tax free It ma-ers who you use to assist your Veterans and their widows
Life Insurance Seniors in the U.S. currently own $500 Billion Dollars in life insurance* History shows that 88% of all policies issued will never pay out a death benefit That is a total of $440,000,000,000.00 in dead assets Life Insurance can be converted to a Long Term Care Benefit to supplement resident payments into your communiUes Lets put these dollars to work for your resident! *Conning and Company research
Long Term Care 8.1 Million Americans are protected with long-‐term care insurance. Not all policies are the same. Some are more complex than others and restrict certain types of care AcUvaUng long term care policies has become very difficult to say the least Many Umes it is a fight on the difference between Nursing care and Assisted It pays to have a professional company that knows how to navigate the Long Term Care Industry to acUve the policy and manage its ongoing monthly payments
Housing Industry 30% of Seniors own a home outright that needs to be sold prior to moving into Senior care The value of the home Is a potenUal resource for your client Unlocking that potenUal depends on a free and clear Utle, realtor experUse, tax planning and impact on other benefits…such as VA or Medicaid Its all about the plan!!!!!
Angels Consulting Group If there was only one company that could do all of these services for you! Angels Consul:ng Group is a full service resource for your clients Our Ethics are transparent We have OpUons We have Resources We have RelaUonships We do Follow up We maximize the assets that the client has to provide for Senior Care Booth #320