A recent study by Genworth Financial found that Long Term Care is expensive in more ways than one. In addition to being a huge financial burden on the patient, Long Term Care also damages the retirement savings of caregivers.
The study found that about:
If you are receiving Long Term Care or are providing it, a Reverse Mortgage can help provide a truly viable way to fund these costs in the patient’s own home.
A Reverse Mortgage can also be used to purchase Long Term Care insurance – which depending on your age and other circumstances – can be a good hedge against the costs of Long Term Care. A certified financial planner can help you decided if this approach is right for you.
Talk with a Prescreened Lender About a Reverse Mortgage for You or a Loved One
Discuss Long Term Care Insurance Options with a Prescreened Broker.