Consistently paying bills on time and for the right amount can be a struggle at any age, but for seniors facing physical or cognitive decline, the inability to perform bill-paying tasks like the regular payment of property taxes and homeowners insurance can threaten their independence and livelihood.
Such a recognition is the driving force behind a new partnership between SilverBills, a premier concierge service that safely and securely manages bill-paying chores for seniors, and American Advisors Group (AAG), the nation’s No. 1 reverse mortgage lender. The partnership stems from the outreach efforts of AAG National Field Sales Area Manager Peter Klamkin and the company’s desire to expand its affinity relationships.
“Our partnership with AAG is a natural fit and will improve our clients’ financial well-being,” said Marci Lobel-Esrig, founder of SilverBills. “Together, we can provide a holistic solution that will help more seniors age in place securely.”
Currently, about 90 percent of people over age 65 want to stay in their home for as long as possible, and 80 percent believe their current residence is where they will always live.1 A reverse mortgage is one financial tool that older Americans can use to achieve their age-in-place goal, while a bill payment concierge service like SilverBills can help seniors continually meet their financial obligations, from the payment of property taxes to utility bills. SilverBills also guarantees its customers will never incur late fees or penalties. If they do, SilverBills will pay them.
“This partnership increases financial protection for seniors,” said Scott Harkless, Vice President of Field Sales for AAG. “A reverse mortgage gives seniors a safe and effective way to access their home equity, and SilverBills provides them a convenient, secure and worry-free way to manage that cash using automatic bill payment and other cutting-edge technologies. Our services line up perfectly with one another.”
Lobel-Esrig founded SilverBills in 2015 out of a need to help seniors like her elderly aunt, who had been driving to the car dealership to drop off her monthly car payment. She quickly recognized that she was only scratching the surface when it came to those who have a need for a convenient and secure bill-paying service.
AAG and SilverBills also share another bond in their goal to protect seniors from fraud and other financial foul play. SilverBills monitors clients’ accounts for potential fraud and theft. Meanwhile, AAG has partnered with the Better Business Bureau to deliver senior-focused fraud prevention programs throughout its key service areas.
For more information about SilverBills, please visit https://www.silverbills.com