Funding Solutions

To better help our residents and their families find financial options for funding care services, Oakwood Terrace is proud to offer our “Funding Solutions” program. Through partnerships with financial services and benefits programs, we can help you find ways to pay for needed services, giving you and your family peace of mind.

VA Aid & Attendance Benefits

Veterans Administration Aid and Attendance benefits may pay between $1,057 and $1,950 per month for wartime veterans or their spouses. Learn more at www.veteransaid.org.

Additional information about these benefits is available by calling the VA at (800) 827-1000 or visiting the VA's website. For our brochure about VA Aid and Attendance benefits, call (570) 451-3171 or email us.

Flexible Line of Credit Program

Elderlife Financial Services offers efs:Access, a loan structured as a line of credit with low monthly payments that you and your family can use to supplement or finance your monthly rent. The efs:Access loan can be used to help:

• Pay for rent while waiting for a home to sell
• Pay for rent while waiting to settle a life insurance policy or the VA Benefit to arrive
• Finance move-in fees or Supplement monthly rent

Elderlife Financial Services specializes in helping families with senior living needs and can be reached at (888) 228-4500 or at www.elderlifefinancial.com.

Life Insurance Settlement Program

Life Care Funding Group will liquidate an existing life insurance policy in as little as 30-90 days for a lump sum payment much higher than the cash surrender value. Eligibility includes:

• Age 55 or older.
• Any type of Life Insurance policy (no minimum policy size).
• A Life Settlement is the sale of an asset, not a loan, and has no restrictions on use of money or requirements to be secured or paid back.
• The policy owner is no longer responsible for paying premiums once a Life Settlement is complete.

To learn more about Life Settlements as a source of funds, visit Life Care Funding Group at www.lifecarefunding.com, call (888) 670-7773, or email info@lifecarefunding.com.

Finding funding solutions that are right for you

We encourage you to explore all of your financial options and to visit the informative websites of these financial service providers and government services who specialize in serving the families of seniors.

Please Note: These are just some of the options available. We encourage your family to review all options at your disposal and let us know what is best for you.

Our staff is ready to work with you, answer your questions, and connect you with our financial service providers. To learn more, call us today at (570) 451-3171.