Are you having a hard time figuring out the best way to pay for assisted living? Planning for assisted living expenses is crucial. It’s a large expense, but studies show that the demand for senior living is expected to grow by an additional one million beds by 2040, with the population over 65 nearly doubling by 2060.
Many families utilize a combination of the following options to pay for assisted living, including:
· Private savings
· Proceeds from selling a home
· Long-term care insurance
· Veteran’s aid
· Life Insurance with cash value
Learn more about the cost of assisted living in Ann Arbor here.
Schedule Your Tour Today!
We understand the challenges of assisted living costs, and our team can guide you through your financial options. It’s also a good idea to consult a financial advisor to create a personalized strategy for assisted living expenses.
If you’re interested in learning more about assisted living in Ann Arbor or scheduling a tour, contact us today! 734-761-4451.
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