Funding Solutions

To better help our residents and their families find financial options for funding assisted living services, Parker Ridge 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 assisted living services, giving you and your family peace of mind.

VA Aid & Attendance Benefits

This Veterans Administration benefit may pay $1,057 to $1,950 per month for wartime veterans or their spouses, if eligible. Please ask us for a referral to a local VA representative to explore this option.
(800) 827-1000 or www.veteransaid.org

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 for assisted living (does not apply to independent living). 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 (207) 347-2306.

Parker Ridge
63 Parker Ridge Lane, Unit 290
Blue Hill, ME 04614
Phone: (207) 374-2306
Fax: (207) 374-2907