Chattanooga Assisted Living Financial Assistance
Making cents of money matters
We’re unlocking financial solutions for assisted living to provide confidence and security for seniors and families. In today’s world, that says a lot.
The uncertainties of life can get in the way of even the best laid plans. Today’s volatile economy has affected us all and brings unprecedented challenges to seniors and families who are preparing to move to a retirement community. Rosewood Retirement Community recognizes these challenges and is presenting financial solutions to help our residents move forward with confidence.
Life Care Funding Group
The liquidation of a life insurance policy through a Life Settlement can act as a “funding bridge” to help cover the costs of retirement and senior living when other assets, such as a home or stocks, are under performing or difficult to sell. Find out more at www.lifecarefunding.com or by calling 706.866.4443.
If you are a US veteran or the surviving spouse of a veteran, you may be eligible to receive a federal monthly pension – up to $1,800 per month – to help with personal care such as assisted living. For more information, please contact a Community Consultant at 706.866.4443.
Gift Tax Exemption
Family members can aid in covering the cost of assisted living and take advantage of the IRS gift tax exemption. Individuals can provide gifts of up to $13,000 per person per year without paying a federal gift tax. Consultation with a tax professional is advised before making financial decisions.
ElderLife Financial Services
Simple, convenient financing options are available from a recognized leader in financial services. Flexible line of credit options are ideal for those who are in need of rent support while waiting for other benefits to begin, or are in the process of selling a home. Find out more by calling 706.866.4443 for details.
For more information about these programs, please contact a Community Consultant at 706.866.4443.