A State Care Planning Council is a single source of community care providers and advisers who help the public deal with eldercare needs. State councils provide a platform for local groups of providers and advisors to offer the following services:
- Educate the public on how to plan for long term care
- Provide a local source of 15 to 20 different eldercare services through one single state contact
- Promote a recognized name offering reliable services
State Council Advisory Boards provide oversight and management of State Care Planning Council members in selected geographic areas. Each Board represents a spectrum of eldercare advisors or providers who are experts in their particular area of service. A Board is composed of companies or individuals representing anywhere from 8 to 20 specific areas of eldercare services. The number of specialties on an Advisory Board is dictated by the needs of the community in the geographic area the Advisory Board serves.
Each Advisory Board is supervised by an Advisory Board Director. Directors are chosen based on their experience and their desire to serve the community. Directors coordinate the activities of Board Members and other members of the State Care Planning Council in their service area.
Seniors and Retirees, Consider Using a Reverse Mortgage to Supplement Income
July 13, 2017
For many seniors and retirees, the hard-earned equity in their home is their single largest asset, yet it is unavailable to use unless they take out a home-equity loan. Conventional loans, like the home-equity, do not truly free up the equity to create a legitimate income because the money has to be paid back to the lender, with interest.
A reverse mortgage is a better way to tap into home equity without creating monthly payments and without requiring the loan to be paid back while the borrower lives in the home. Instead of making payments, the cash flow is reversed and the senior receives payments from the lender
Over the last several years the number of reverse mortgages nationwide has increased dramatically. Many seniors and retirees are finding they can use a reverse mortgage to pay off an existing conventional mortgage or other debt, repair and update their home, or to simply free up cash to pay for long term care, medical expenses, and/or general living. Often, a reverse mortgage allows the aging to remain in their home much longer.
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