Financial Options for You or Your Loved Ones

Long-Term Care Insurance

Long-Term Care insurance is a benefit that you may already have in your financial tool kit. It is often overlooked in the present moment because people think they need to keep that benefit in reserve. However, the time to access that benefit may be now. Contact your insurance company to see if you have coverage and to what amount.

Life Insurance Policy

Life insurance is often an older adult’s most valued asset and one they can use to alleviate retirement costs. Like your home or other personal assets, a life insurance policy is personal property, a living benefit, that has a fair market value. Knowing that value is important. Selling your policy for fair market value is your legal right and is a viable choice to create more options for your retirement income. Speak with your financial advisor or a licensed insurance settlement expert about your options.

​Veterans Aid and Attendance Benefit

The Aid and Attendance Benefit is a wonderful benefit that has helped a number of Briarcliffe families through the years. In a nutshell, Veterans and surviving spouses may be entitled to the V.A. Aid and Attendance Benefit. For benefit information and qualifications, you may visit the Veteran's Administration Website at or call 1.800.827.1000 to speak with a representative at your Veteran's Regional Office. If you would like to gain an understanding of what dates of service constitute “wartime service" you'll find the information by clicking below.

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Home Equity Conversion Mortgages for Seniors

If you are a homeowner age 62 or older and have paid off your mortgage or paid down a considerable amount, and are currently living in the home, you may be able to participate in FHA's Home Equity Conversion Mortgage (HECM) program. This is a program that enables qualified participants to withdraw some of the equity in their home. Participants can choose how to withdraw the funds, whether in a fixed monthly amount or a line of credit or a combination of both. Detailed information can be found on the US Department of Housing and Urban Development website.

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We welcome your call: 401.944.2450

Learn More About Memory Care Assisted Living at Briarcliffe Gardens and the Cottage