Irvine, Calif. (March 9, 2022) – American Advisors Group (AAG), the nation’s leader in home equity solutions for seniors, today announced its partnership with Senior Helpers the nation’s premier provider of in-home senior care with over 320 territories nationwide. The partnership allows Senior Helpers franchise partners to connect clients with AAG field agents to help them understand their options for accessing their home equity to fund services ranging from specialized care for those with chronic diseases to companion services for seniors looking for assistance with daily activities.
“The pandemic accelerated seniors’ desire to age in the comfort of their home.” said Ryan Ponsford, AAG Advanced Retirement and Home Equity Strategist. “Last year the median yearly cost of in-home care, with an in-home aide, totaled over $54,000 , causing many clients to explore the option of utilizing their home equity to fund long-term care. Seniors 62 and older now have a collective housing wealth of over $10 trillion, which presents a major opportunity for older Americans to fund their retirement needs.
According to a recent AAG study, over 80% of seniors wish to live in their home for the rest of their lives. AAG’s products allow seniors to responsibly access their home equity to pay for in home care and make home modifications. All AAG reverse mortgage borrowers are required to live in the home as their primary residence and continue to pay their property taxes, home insurance, and comply with the terms of their loan.
“Making the decision to choose in-home care can seem overwhelming at times and one of the most common concerns is affordability,” said Peter Ross, Senior Helpers CEO. “With a partner like AAG, considering a reverse mortgage is a responsible way to tap into home equity to fund long term care. We appreciate that AAG extends the same compassionate care to our clients as we do.”
AAG has Loan Officers nationwide who work in-person with each individual client and their families to discuss the financing options they have available to fund the care needed. As part of the partnership, AAG will also provide Senior Helpers representatives with educational material about home equity usage and will take part in industry related events. AAG’s partnership with Senior Helpers is another step towards ensuring that seniors have access to a variety of helpful resources for their later years.
To find out more about the AAG/Senior Helpers partnership call (844) 395-4374. For more information on Senior Helpers, visit https://www.seniorhelpers.com.
About Senior Helpers®
Senior Helpers® is the nation’s premier provider of in-home senior services ranging from specialized care for those with diseases, such as dementia, Alzheimer’s and Parkinson’s, to personal and companion care to help individuals looking for a little assistance with daily activities. Founded in 2002 with a vision to help seniors age with dignity despite age-related illnesses and mobility challenges, Senior Helpers® has hundreds of franchised and owned businesses that have cared for tens of thousands of seniors. The company is owned by Advocate Aurora Enterprises, a subsidiary of Advocate Aurora Health, one of the nation’s largest health systems. Learn more by visiting www.seniorhelpers.com.
AAG, now a division of Finance of America Reverse (FAR), continues its dedication to helping older Americans find new ways to fund a better retirement through the responsible use of home equity. AAG offers a suite of home equity solutions — including Home Equity Conversion Mortgages and proprietary reverse mortgages, that are designed to give seniors a better financial outcome in retirement. Following the asset acquisition of AAG by FAR in April 2023, FAR and AAG together make up one of the largest reverse mortgage companies in the US. The company is licensed nationally (NMLS #2285) and is a proud member of the National Reverse Mortgage Lenders Association (NRMLA). For more information about AAG, please visit www.aag.com.
AAG/American Advisors Group are divisions of Finance of America Reverse LLC which is licensed nationwide | Equal Housing Opportunity | NMLS ID # 2285 (www.nmlsconsumeraccess.org) | 8023 East 63rd Place, Suite 700 | Tulsa, OK 74133