Pay for in-home care

There is no place like home
Many of us are comfortable in our own homes. As you or your loved one has an increased need for care, staying at home can be the most comfortable option. But the average cost of in-home care assistance is $4000/month, which doesn't include the modifications needed to make a home senior friendly.

Sometimes health insurers will pay for part for this care but not always. While Medicaid may cover some expenses for low-income individuals, the waiting lists can be long, and what is covered varies from state to state. Another option might be and Home Equity Conversion Mortgage (HECM), also known as a "reverse mortgage," which allows an elder person to access the equity in their home while they're living in it.

Selling a life insurance policy may be able to pay for a significant portion of in-home care, or to pay for the work needed to modify the home to support you or your loved one while they age in place.  If you have a policy that qualifies, it's worth getting it appraised as a way to understand all your options.


The average cost of in-home care in the United States in 2019.

Pay for care in your own home

We’ve pulled together some basics to
help you get started

What is the difference between surrendering and selling my life insurance? 

It's common for people to confuse surrender vs. sell. Surrendering your policy means going to your insurance company and “handing in” the policy. The insurance company will return whatever cash value you've accumulated, less some processing fees.

Selling your policy is different, as it's more like selling your house. This involves working with someone like Worthright to evaluate the policy (which is an asset), and finding an investor to buy the policy asset for more than what the insurance company would give you.  Read more on "What is a Life Settlement" or call us for a short discussion to elaborate.

What does it mean to sell a life insurance policy?

Selling your life insurance is like selling any other asset you own. You ask a third party to look at the policy and value it, then you take your policy to a group of buyers and someone will offer to buy it from you. This is typically facilitated by a broker or specialist. The buyers are typically large banks and other financial institutions like JP Morgan, Deutsche Bank or AIG.

How do I know if Worthright can help me? 

If you are over the age of 65, or are caring for a loved-one who is over the age of 65, it's likely you qualify to work with Worthright. 

In the event we're unable to help you directly, we'll introduce you to a number of pre-vetted resources that could. Feel free to give us a call or email and we can get started in learning about you.

What exactly does Worthright do?

A Specialist Case Manager will spend time learning a little about you and your family, understanding your challenges and goals during your retirement years, and pull a set of recommendations together for you and your family to review.  

We have a number of tools and services that we walk you through in an effort to find you the financial opportunities you didn’t know you had.

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