Are you sure you want to exit? Your progress will be lost.
Who are you caring for?
Which best describes their mobility?
How well are they maintaining their hygiene?
How are they managing their medications?
Does their living environment pose any safety concerns?
Fall risks, spoiled food, or other threats to wellbeing
Are they experiencing any memory loss?
Which best describes your loved one's social life?
Acknowledgment of Disclosures and Authorization
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
✔
I acknowledge and authorize
✔
I consent to the collection of my consumer health data.*
✔
I consent to the sharing of my consumer health data with qualified home care agencies.*
*If I am consenting on behalf of someone else, I have the proper authorization to do so. By clicking Get My Results, you agree to our Privacy Policy. You also consent to receive calls and texts, which may be autodialed, from us and our customer communities. Your consent is not a condition to using our service. Please visit our Terms of Use. for information about our privacy practices.
Mostly Independent
Your loved one may not require home care or assisted living services at this time. However, continue to monitor their condition for changes and consider occasional in-home care services for help as needed.
Remember, this assessment is not a substitute for professional advice.
Share a few details and we will match you to trusted home care in your area:
Wow 27K a year for life insurance! Is that right??? That’s crazy. omg any idea of what insurance agent commission is? What kind of policy is this? Term, GUL, whole? A hybrid? Why oh why so high? Like M++$ policy? She’s got killer diseases?
$2300 I think kinda could be what you’d pay annually for like a 100k policy if in your 60’s and nothing loco in your medical chart. Why is it so high?? or is it actually not life insurance but a hybrid LTC policy? Or LTC policy that has entered a new premium range due to her age? There’s been a couple of posts on this situation, the story usually was old bought last millennium LTC policy skyrocketed once they hit their 80’s & elders on now modest fixed income basically couldn’t afford so policy cancelled.
Whats the face value? any cash value? Do you know how to read the policy to see what her options truly are? I know I couldn’t on my own figure out insurance stuff, I’d ask & pay for a consultation if need be with an independent insurance agent for a policy review if the answers from the insurance co weren’t clear.
Im guessing (hoping) your mom has a good bit of assets & income to pay her other living costs? Or is this 27k a yr premium due just 1 of many things your discovering that’s all amiss in her life?
I am just shopping around for options since the premium to maintain my mothers life insurance policy is around $ 2,300 per month. It is very expensive and I thought that if I could just sell this policy and save the amount received for her care it would take a burden off of her and give me more peace of mind. Thanks for your input.
Be exceptionally careful of investment vehicles. It is a job.They make money according to what they can sell. Do not invest in anything that could take away a senior's assets. They have no time to rebuild them. I am not familiar with what you speak of so I am likely misunderstanding a whole lot here. Go to very reputable investment firms and discuss recommendations with them.
Life settlement like a “viatical” via a private investment group? or life surrender within/to the insurer?
They are very very different. Are you being required to do this by another entity? Like it’s whole life and you need to cash it in to be Medicaid compliant? You need to clearly speak with your insurance co on this. Their all used to dealing with theses situations due to Medicaid strict rules. Or are you shopping around for a way to get $ now?
I actually know someone who does “viatical” buys as investments and someone who had done one. For the latter, policy 1M+ done initially by employer within GUL but with key man provision so he got to own it as part of his early retirement due to illness (AIDS related). Paid as a lump sum with pretty small documentation charge. The payout was maybe 70%. The private investors imo need it to be $M+ Policy & the insured is pretty end of the hunt with detailed medical chart & screening to even consider buying it. You can google viatical; there just a small group who do these. You better in detail understand the fine print. There could be tax issues if it’s viewed as taxable income for the year paid.
If this is a lower end policy, like under 500k, I just cannot see an investor ever being interested. It would be more the Wentworth / Peachtree type & if I’m not mistaken those are structured as loans against the settlement (horrors!). Again the details are very important.
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
Is that right??? That’s crazy.
omg any idea of what insurance agent commission is?
What kind of policy is this? Term, GUL, whole? A hybrid?
Why oh why so high? Like M++$ policy? She’s got killer diseases?
$2300 I think kinda could be what you’d pay annually for like a 100k policy if in your 60’s and nothing loco in your medical chart.
Why is it so high??
or
is it actually not life insurance but a hybrid LTC policy?
Or LTC policy that has entered a new premium range due to her age? There’s been a couple of posts on this situation, the story usually was old bought last millennium LTC policy skyrocketed once they hit their 80’s & elders on now modest fixed income basically couldn’t afford so policy cancelled.
Whats the face value?
any cash value?
Do you know how to read the policy to see what her options truly are? I know I couldn’t on my own figure out insurance stuff, I’d ask & pay for a consultation if need be with an independent insurance agent for a policy review if the answers from the insurance co weren’t clear.
Im guessing (hoping) your mom has a good bit of assets & income to pay her other living costs? Or is this 27k a yr premium due just 1 of many things your discovering that’s all amiss in her life?
Go to very reputable investment firms and discuss recommendations with them.
They are very very different.
Are you being required to do this by another entity? Like it’s whole life and you need to cash it in to be Medicaid compliant? You need to clearly speak with your insurance co on this. Their all used to dealing with theses situations due to Medicaid strict rules.
Or are you shopping around for a way to get $ now?
I actually know someone who does “viatical” buys as investments and someone who had done one. For the latter, policy 1M+ done initially by employer within GUL but with key man provision so he got to own it as part of his early retirement due to illness (AIDS related). Paid as a lump sum with pretty small documentation charge. The payout was maybe 70%. The private investors imo need it to be $M+ Policy & the insured is pretty end of the hunt with detailed medical chart & screening to even consider buying it. You can google viatical; there just a small group who do these. You better in detail understand the fine print. There could be tax issues if it’s viewed as taxable income for the year paid.
If this is a lower end policy, like under 500k, I just cannot see an investor ever being interested. It would be more the Wentworth / Peachtree type & if I’m not mistaken those are structured as loans against the settlement (horrors!). Again the details are very important.