What’s the cost?

The average cost of assisted living is $4,000 per month across the nation*, and can be as much as $6,000 or more in urban markets**. Costs vary greatly depending on the location, community type and the need for specialized care like memory or dementia care. Often, those in need of care and their families are faced with footing this bill and quickly coordinating many different services during a highly stressful and emotional time.


With ElderLife, this is no longer a problem. ElderLife is the only financial services organization in the country that provides the knowledge, experience, and resources needed to pay for senior living.


ElderLife can help pay for:

  • Assisted Living

  • Independent Living

  • Skilled Nursing Facilities

  • Continuing Care Retirement Communities

  • Home care services

  • and much more

Your personal Financial Concierge wants to understand your unique situation and walk you through all the funding options available. You can create a customized plan to pay for the home services you need or the community of your choice.

*Genworth’s 2018 Annual Cost of Care Survey
**American Senior Housing Association (ASHA) Third Quarter 2018 Special Issue Brief

  • Loans from $5,000 to $500,000
  • Funds in as little as 24 hours
  • No application fees

The ElderLife Bridge Loan allows you to pay for rent and care in the short term while waiting for other funds to come in. Most importantly, it gives you time and peace of mind to make the best decisions for you and your family.

  • Experienced, accredited VA agents
  • Determine if you are likely to qualify in as little as 5 minutes
  • Application filing assistance
  • Secure funds months ahead of filing on your own


Access the maximum VA pension with the Aid and Attendance Benefit available to you or your loved one with the help of ElderLife’s accredited VA agents. And, you can pay for senior living with the ElderLife Bridge Loan while you’re waiting for your benefit to be awarded.

  • Utilize your policy to pay for care
  • Maximize the cash value of your policy
  • Options for term, whole life, or hybrid policy types


Individuals with a life insurance policy with a face value of $50,000 or greater can use the policy to pay for care; the policy type can be a term, whole life, or hybrid. If you meet eligibility criteria, your policy may be able to be sold for up to 70% of its death benefit value.

  • Experienced local real estate agents
  • Help with additional services like cleaning and repairs
  • Access to specialists who tailor their business to helping older adults


Whether you want to sell your home and move to a community or keep it in the family, ElderLife’s real estate team can help you understand your options and learn how to best use the equity in your home. Get help paying for care, funding repairs, and even using the home as a long-term investment. Our real estate team is committed to understanding your needs and helping you find the perfect real estate agent to get you top dollar for you or your loved one’s home.

  • Free policy review and help filing LTCi claims
  • Help determining if your care will be covered
  • Determine eligibility for retroactive payment


Understanding your long-term care policy and filing claims can be overwhelming, and many times mistakes result in loss of coverage. Don’t leave anything to chance; let our experts help you understand your policy for free. Your review will include understanding the care setting(s) that the policy will pay for, the frequency the policy will pay, and if there is a waiting period before the policy will pay.

  • Trusted, licensed reverse mortgage experts
  • Safe, secure option for those staying home
  • Referral to government-approved programs


If at least one homeowner is staying in the home, and this person is at least 62 years old, you may be able to use a reverse mortgage to pay for care. Reverse mortgages can provide funds to pay for care as well as other costs and living expenses. A reverse mortgage can also eliminate mortgage payments or consolidate other debts, allowing you to redirect funds toward needed care and services.

  • Great for medical needs, home accessibility, renovations and more.
  • Apply in minutes for loans of $2,000 or greater.
  • Receive the entire amount directly into your account.


Even with careful retirement planning, senior living sometimes comes with extra or unexpected expenses. A personal loan is a great solution to receive a lump sum of cash to support senior care, medical expenses, transitions or short-term projects like outfitting your home with a walk-in tub, stairlift or ramps.