Long-Term Care Insurance. Life Insurance.

If you have long-term care insurance and want to file claims, we may have help. Your Life Insurance is an asset that can be sold. It could be used to pay for housing and care.

Long-Term Care Insurance

Many people do not know what Long-Term Care Insurance is, or that it even exists. If you are caring for a loved one it is especially important you ask them if they signed up for such a policy many years ago. Long-Term Care Insurance usually can cover a maximum daily amount for housing and care of a senior living resident who needs assistance with a certain minimum set of Activities of Daily Living. Be sure to check this box when evaluating what financial resources you may have at your disposal to cover costs that include degrees of care in an Assisted Living, Memory Care, or Nursing Home setting. Through Second Act’s relationship with long-term care insurance experts you can receive helpful guidance on your policies as you prepare to move to our community.

For a Complimentary Long-Term Care Insurance Consultation, you can also send an email.

Life Insurance. Sometimes it can be used for Senior Living.

Second Act Financial Services can connect you to knowledgeable professionals that can help you evaluate whether selling your life insurance policy or as importantly, converting it to a long-term care payment benefit, is the right decision for you. Many life insurance policies can be converted to payment for long-term care or senior living.

A life insurance policy is legally recognized as an asset with personal property ownership rights. Seniors, in particular, are most at risk of lapse or surrender their life insurance policies. If you have long-term care or senior living needs, selling, or exchanging your life insurance benefits for a long-term care benefit may be the answer. This kind of transaction is typically referred to as a “Life Settlement.”

If you have a life insurance policy you know you need longer, before you let it lapse, or if it has been less than 365 days since you stopped paying your premiums, give us a call. We can connect you to licensed professionals that can evaluate if you can put your life insurance to work for you.

For a Complimentary Life Insurance Sale Consultation, you can also send an email.

Please Note: You are welcome to utilize any financial resources available to you! Our providing information about Second Act is not an endorsement. Rather, because we know families are busy we share information about Second Act to help you in your search. We do not receive compensation, kickbacks, or any referral fees from Second Act. Second Act is a Division of Liberty Savings Bank, F.S.B. Member FDIC. Lending and loan services provided by Liberty Savings Bank, F.S.B. NMLS # 408905. Equal Housing Lender. All other services provided by Second Act Financial Services, LLC. This information is current as of 06/01/2021. Subject to credit and loan approval. Conditions and limitations apply. Information, rates and terms are subject to change without notice. © 2021 Second Act Financial Services, LLC. All Rights Reserved.