ElderLife Financial and ElderCarelink announced a new strategic relationship specifically designed to help more families across the country pay for the costs of assisted living.

The ElderLife Family Payment Plan is available to all of its users who are in search of assisted living and other senior living options. Every month, thousands of families use the ElderCarelink referral service to find the right assisted living facility for their loved ones. Now these families will also have the opportunity to apply for a wonderful financing option for assisted living that is only available through ElderLife.

ElderCarelink has seen the demand for private family financing of senior living rise consistently over the past several years. “Unlike medically necessary services — which are typically covered by health insurance or Medicare — long term care services like assisted living are primarily private-pay,” says Robert Brooks CEO of ElderCarelink. “As such, many families are not well prepared to handle costs.”

ElderLife Financial offers simple financing to families in need of senior housing and care through its Family Payment Plan for Senior Living. This program makes assisted living financing available to qualified candidates within 24 to 48 hours. Through a personal Line of Credit for senior living, families can use what they need to pay for housing and care at the community of their choice — and make monthly payments that fit in their budget giving families time to settle their loved ones’ affairs.

More information can be found at www.elderlifefinancial.

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