Financial Solutions

ElderLife Financial Services

ElderLife offers flexible loan programs that are ideal for those who need supplemental funding for senior living while they wait for other benefits, such as Veteran’s Aide & Attendance, to begin; or may need a bridge loan until a home sells. These simple, convenient financing options are available to both residents and families. Find out more by visiting www.elderlifefinancial.com or by contacting Mount Royal Tower’s marketing department.

Life Settlement Financial

Life Settlement Financial assists residents in liquidating life insurance policies through a Life Settlement program, which can assist in helping cover the costs of senior living when other assets such as home or stocks are difficult to sell or are under performing. Find out more by visiting www.lifesettlementfinancial.com or by contacting Mount Royal Tower’s marketing department.

Tax Deductibility Benefit

Present law provides that an individual can deduct from taxable income certain medical expenses associated with living in nursing facilities, personal care homes and assisted living communities for the purpose of receiving medical care. This deduction may be applicable for adult children or certain other relatives who are paying a portion or all of a resident’s costs associated with living at Mount Royal Towers. Consultation with a tax professional is strongly advised before making financial decisions.

Veterans Benefit

Benefits are available for U.S. Veterans or the surviving spouses of a veteran. Mount Royal Towers salutes US Veterans with a unique program that can reduce your cost of assisted living. As a Veteran you or your spouse may be eligible for up to $1,644/month toward Assisted Living care at Mount Royal Towers.

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Find out more by contacting Mount Royal Tower’s marketing department.

Semi-Private Accommodations

Semi-Private Accommodations give residents an affordable roommate option without sacrificing any of Mount Royal Tower’s amenities, programs and services. Find out more by contacting Mount Royal Tower’s marketing department.