My grandmother passed away about a month ago. It’s okay though, it was a long time coming. She had Alzheimer’s for about a decade and it was so tough on my mother and grandfather that honestly the best thing for both my grandmother and them is that she moved on to a better place.
I have to be honest one of the toughest things on the family was dealing with all of the insurance companies and the government in regards to her healthcare. I mean as you can imagine my grandfather wanted to get her the best care but the best care is expensive. Excuse me the best care is astronomical. And the reason the best care in a great facility is astronomical is that these jerks know that usually insurance is paying for it so they can just charge whatever the heck they want. Just bill it to insurance right? It’s such a scam and such a shame what has become of the health care industry. But to be honest it is what it is.
My grandfather didn’t have to get into it but one of the things that he considered a life settlement. I did tons of research on this to keep him from doing a reverse mortgage. My mother did all of the research on my grandmother’s policy and myself being a finance major in college, actually helped her. My grandfather considered a reverse mortgage, but I told him that he needs to seriously consider this option and there’s a lot of things to know about reverse mortgage before going down that road. He never had to exercise either one of these options as my grandmother passed away, but with care costing what it did he just about had to make some difficult decisions.