Assisted living communities can be great for couples that are looking to continue to live together while needing some support for daily activities,” says Alyssa M. Lanzi, a research assistant professor in the department of communication sciences and disorders at the University of Delaware in Newark.
There are some ways to use money from your life insurance policy to help pay for an assisted living community, nursing home or other care facility. You may be able to do this without a hefty tax bill or sacrificing Medicaid eligibility.
According to a 2023 Gallup Poll, loneliness affects 44 million American adults, equivalent to 17% of the population. While the trend has been declining since the peak of the COVID-19 pandemic, most likely due to the availability of vaccines and gradual easing of social distancing and isolation protocols, loneliness continues to affect the well-being of millions of people.