S1 E13 - Strategies for Leveraging Life Insurance Cash-Outs for Elder Care

Caring for Your Aging Parents Season 01 Episode 13 Strategies for Leveraging Life Insurance Cash-Outs for Elderly Care with Lisa Rehburg Have you ever wondered about ways to ensure long-term care for your elderly loved ones without breaking the bank? Our special guest, Lisa Rehburg, an expert in life insurance policies with Rehburg Life Insurance Settlements, reveals how seniors can unlock the potential of their life insurance policies to fund extended or long-term care. A must-listen for those in their 50s and older, this episode offers invaluable information on the regulated process of cashing out life insurance policies and their significant benefits, especially when health and well-being are a primary concern. Cashing Out Life Insurance Policies to Pay for Senior Care Deciding whether to cash out a life insurance policy can feel overwhelming. Lisa, however, skillfully untangles the complexities for us. From discussing the types of policies you can sell to talking through the potential uses of the cashed-out funds, she also offers guidance on how to approach these discussions with your parents. With a free consultation up her sleeve and a couple of pieces of good news to share, Lisa's advice will enrich your understanding. Accessing Funds for Senior Care Lastly, we delve into the often murky waters of accessing funds for elderly care. Lisa’s practical advice, from understanding different policy types to the art of navigating conversations with loved ones about the process, is guaranteed to guide you every step of the way. We also explore how to cash in a life insurance policy for seniors with Lisa’s expert guidance. Packed with information, this is an episode you won't want to miss. Using a Knowledgeable Life Insurance Broker Lisa has been in the insurance industry for over 30 years. Before she started her own insurance agency, she worked in corporate, running sales teams nationwide. She found that working with seniors and helping them with life insurance settlements for their care was more rewarding, so she moved to build her own insurance brokerage. With a passion for helping advisors and their clients, selling life insurance to fund senior care is a solution that keeps growing in relevance as our senior population grows. (00:23) Elderly Care Life Insurance Cash Out (11:49) Insurance for Older Clients and Health (16:17) Understanding Life Insurance Policy Cash Outs (26:04) Accessing Money for Elderly Care