Financial Options and Planning

To help seniors and family members navigate through the many options available for financing assisted living, Sunrise is pleased to partner with ElderLife Financial Services.

For more than 20 years, ElderLife has provided seniors and their loved ones with financial information, guidance, and services that simplify the transition to senior living. With a single phone call, your loved one can get a complete solution tailored to their unique needs and resources.

This includes help with real estate options, veterans’ benefits, insurance policies, education on potential tax deductions, and a short-term financing option if they need to move quickly.

Call 866-506-4244 for a complimentary consultation or visit the ElderLife Financial Services  website to learn more.

An ElderLife Financial Concierge will help you design a personalized financial plan so your family can start enjoying the assisted living care, services, and peace of mind you deserve.

The U.S. Department of Veterans Affairs (VA) provides a variety of benefits to senior veterans. For those seeking assistance paying for care, the VA’s Aid and Attendance Pension benefit is available to Veterans and their spouses, with the potential to provide over $2,700 of additional tax-free monthly income for senior living. To receive these funds, the Veteran and/or spouse must meet four eligibility criteria: wartime service, care needs, income, and net worth.

To learn more, visit our Veterans page, contact your Veterans Regional Office, or call 866-506-4244.

When transitioning to a senior living community, one of the best financial resources to pay for increased care expenses is the equity from selling a home. Working with a specialized real estate agent can be helpful in maximizing the home sale price and streamlining efforts for the family. Seniors Real Estate Specialists® are real estate professionals that have received advanced certifications tailored to address the unique needs of older adults. These specialists are experienced in assisting seniors, ensuring that the process is not only seamless, but also maximizes the value of the property.

Before the home is listed for sale, it’s common for families to need additional services such as sorting personal belongings, estate sales, decluttering, packing, moving, staging, repairs, and other steps that are different from selling a typical family home.

If you would like to connect with a local real estate professional, call 866-506-4244.

Long-term care insurance is a specific type of insurance that individuals purchase in anticipation of future expenses associated with senior care. Each individual policy will outline the services and care they cover.

To understand how your long-term care insurance can be utilized to support senior living costs, it's essential to review your policy and consult with your insurance provider or a third-party expert. If you have concerns about whether you're receiving the full benefits for care or if you have questions about your policy, ElderLife can help review your policy, at no cost to you.

To be connected to a long-term care insurance expert, call 866-506-4244.

The Internal Revenue Service (IRS) offers tax deductions on some costs related to senior care for both the resident and their family caregiver. Sunrise does not provide tax advice, but we suggest reaching out to your tax adviser or accountant for guidance on assisted living financing, as the after-tax cost of senior living can represent a significant savings. Tax deductions may apply to suite and care costs.

When making the transition to senior living, it is not unusual to experience a short waiting period before long-term funding solutions are available. Common scenarios during this waiting period include the time it takes to sell a home, the waiting period for VA benefits approval, an elimination period before a long-term care insurance policy begins, or the liquidation of stocks and other assets. However, any delay in receiving funds does not necessitate postponing a move into a senior living community. The ElderLife Bridge Loan serves as a solution to bridge the financial gap between your move-in and the availability of funds.

ElderLife Financial has been assisting thousands of families in similar situations for more than 20 years. With a simple phone call to ElderLife, you can complete your application in just 10 minutes and potentially receive approval within an hour. Many ElderLife Bridge Loans are funded within 24 hours, enabling you a move into your desired Sunrise community immediately. Once your other financial resources are available, you can repay the borrowed amount and utilize the remaining funds for long-term care.

If you find yourself in need of immediate care but have funds tied up in other assets, give ElderLife a call today at 866-506-4244.

A companion living shared suite offers all the features and benefits of senior living homes at a more affordable rate. Companion residents enjoy great meals, engaging activities, transportation, and, most importantly, experienced team members dedicated to compassionate care.

Sunrise companion living residents are matched through a common background or interest that can serve as a foundation for a friendship. Companion living eases the transition to the community through the guidance of a roommate who can help with feelings of isolation and depression and can help build confidence and self-worth through a meaningful relationship.