|
|
 |
Financial Options
| At Brookdale Senior Living, we understand the challenges presented by the current economic environment, especially for those who are otherwise ready for senior or retirement living, but are uncertain how best to afford it.
Brookdale will help you make the move to the retirement lifestyle you want or need with generous programs and third-party financial options that provide the financial flexibility you need to afford a great lifestyle, or to simplify your payment choices. Find a Brookdale community near you today and ask the Sales department for more information about these financial options.
Veterans Aid and Attendance Pension
The Department of Veterans Affairs provides the Aid and Attendance Pension to eligible wartime veterans and their surviving spouses. This benefit can offset a significant portion of the long term care expenses in a Brookdale community. Depending on your situation, the benefit ranges from $1,094 to 2,019 per month and is tax free. Ask your Brookdale sales associate to introduce you to a provider that will discuss the VA's eligibility criteria with you.
Learn more about the Veterans Aid and Attendance Pension
ElderLife Financial Services
ElderLife provides a line of credit to families and seniors interested in financing their senior or retirement lifestyle. The services are designed specifically to help seniors move into the senior living community of their choice, or to supplement their move while waiting for the sale of a home or other benefits to kick-in. ElderLife offers low monthly payments for a quick and easy move.
Availability and terms may vary by state. For exact details please contact Elderlife directly.
Elderlife Financial Brochure (PDF)
Life Care Funding Group
Life Care Funding Group offers two methods of converting a life insurance policy into funds you can use for long term care or senior housing. The Assurance Benefit converts a death benefit into a long term care benefit without premium payments or wait periods. Benefit amounts are larger than a life settlement and the process is quick and uncomplicated. The benefit will cover every form of long term care and senior housing. A Life Settlement is the sale of an in-force life insurance policy to an investor that will set certain minimum requirements for age and policy size.
Assurance Benefit Brochure (PDF)
Automatic Debit Program
Those who qualify can take advantage of Brookdale’s Automatic Debit Payment Plan, which enables you or your family to pay your apartment and service fees each month directly from your bank account. No paper bills to clutter your home; just one easy payment.
Shared Suites
For the budget conscious individual or for those who want companionship, Brookdale communities can help match you with a roommate to share living costs and apartment space in our communities.
Brookdale Home Sale Program
Brookdale offers a home sale program for those interested in using the equity in their home immediately to move to one of our twelve Life Care communities. Ask the Sales Department at any of Brookdale’s Life Care communities for more information on the Brookdale Home Sale Program.
Home Sale Program Brochure (PDF)
| 
Housing Price Recovery Chart
With the decline of the real estate market, it may take many years for your home to return to its full market value of 2006, depending upon the severity of the decline in your area. The Housing Price Recovery Chart below projects the time required for real estate prices to recover based upon an average appreciation of 5% per year.
Housing Price Recovery Chart (PDF)
Median Price of New Homes Chart
According to the trend line in the chart below, the median price of a new home today is about the same as it was in mid-2003. Aside from the artificially inflated prices during the housing bubble of 2004-2006, current values are generally consistent with appreciation rates of the previous 45 years.
The graph also shows that those in their homes more than 10 years have significant equity, which could fund their move now to senior and retirement living.
Median Price of New Homes Chart (PDF)
Find a Brookdale community near you today and ask the Sales department for more information about these financial options.
This site is for general information purposes only and is not intended to be a substitute for financial, legal, tax, accounting or other professional advice. Brookdale is not affiliated with, nor does it endorse, any of the aforementioned programs, organizations or companies. Brookdale can provide no assurance that any information contained on this site or provided by any of the aforementioned programs, organizations or companies is accurate, complete, correct or fit for any particular purpose or person. We urge you to consult your financial, legal, tax, accounting, and/or other professional advisors for advice about what financial options are best for you.
|
To view this page ensure that Adobe Flash Player version
10.0.0 or greater is installed.
|