Financial Planning for Senior Living
As you explore the possibilities of senior living, here are some options which may assist you in making your decision.
Life Insurance Policies: some policies may convert or be sold to apply to senior living costs.
Savings and Investments: may generate income in the form of interest, capital gains or dividends.
Real Estate: a source of equity either by selling or relying on a home equity loan.
Veteran’s Benefits: Veterans who served during wartime, as well as their surviving spouses, may be eligible to receive a sizable monthly stipend to help defray the cost of personal care or other non-reimbursed medical care through the “Aid and Attendance” Program.
We realize how important it is to carefully consider costs when making the decision to move into a senior living community. You may discover that when comparing the cost of your current living situation to those of senior living, the senior living option will cost less.
Download our Financial Planning Worksheet to help you compare the cost of maintaining a home versus care-free living at The Hickman.
To schedule a tour or for additional information about The Hickman, please call: (484) 760-6300.