24-hour care is expensive—here’s how to find the financial breathing room you deserve without wasting time or energy.
Twenty-four-hour care can cost anywhere from $15,000 to $30,000 per month, depending on whether care is provided in a nursing home, assisted living facility, or through in-home skilled nursing services. For individuals facing a terminal illness, the need for continuous support with bathing, feeding, mobility, medication management, and pain control can escalate quickly—often before accounting for medical equipment, prescriptions, or respite care.
Unless private insurance or a federal health insurance program covers every hour of assistance, families are often forced to find additional financial solutions. While hospice care provides invaluable medical and emotional support, it typically covers intermittent care, not round-the-clock assistance. Many hospice patients still require supplemental caregivers to ensure safety, comfort, and dignity at all hours.
Not everyone has substantial savings or family members who can step in as full-time caregivers. Even with hospice involvement, families are frequently left managing housing or facility costs, coordinating care schedules, and paying out of pocket for supplies, personal care aides, and homemaker services.
There is no easy shortcut—but there are options. Options that can help cover the cost of 24-hour care, reduce financial strain, and allow patients and families to conserve their energy for what truly matters: comfort, connection, and time together.
A viatical settlement through American Life Fund provides a faster, more complete solution—without adding stress to an already difficult moment.
Options for How to Afford 24-Hour Care
Paying for hospice care and extended, round-the-clock support depends largely on your current financial situation and available resources. Some options require difficult trade-offs, while others take time to arrange. All require clear decision-making—especially when illness limits energy, mobility, or the ability to manage complex financial details.
Sell Your Assets and Move to a Smaller, More Affordable Place
For many individuals, their home represents their largest financial asset. Selling it and moving to a smaller residence, assisted living facility, or in with family caregivers can significantly reduce monthly expenses. Even a modest home sale can unlock substantial funds that may be redirected toward 24-hour care, medications, and medically necessary support services.
For example, a mortgage-free home valued at $300,000 becomes immediate liquidity once sold. This not only provides cash to fund care, but also eliminates ongoing costs such as utilities, property taxes, maintenance, and insurance—freeing up resources for health-related needs.
Take Out a Loan on Your Life Insurance Policy
If you own a permanent life insurance policy with cash value, borrowing against it may provide access to funds without selling the policy outright. Policy loans typically do not require credit checks or bank approval, making them faster and more accessible than traditional financing.
However, loans taken against a life insurance policy reduce the death benefit paid to beneficiaries and accrue interest over time. While this option can provide immediate relief, it’s important to weigh current care needs against the long-term financial impact on loved ones or your estate. Reviewing loan terms and repayment expectations with your insurer can help clarify what’s available now—and what it may cost later.
Read more about taking out a loan against your life insurance policy.
Spend Your Time Chasing Financial Assistance
Medicaid services, veterans benefits, social security benefits, and community organizations do offer assistance, but access requires paperwork, proof of hospice eligibility, and sometimes weeks of follow-up. For Medicaid recipients, coverage might include medical care, hospice care, and homemaker services—but not necessarily 24-hour support.
You may need to apply to multiple sources: local nonprofits, religious groups, or national agencies. Each may offer small stipends or covered services, but the tradeoff is time and mental effort. And while the Medicare hospice benefit helps with some hospice programs, it usually limits services to a few hours a day or intermittent inpatient respite care, not continuous support.
We have a huge list of financial assistance options waiting for you.
Viatical Settlements and Why Choose American Life Fund
When someone has a life-threatening illness, time matters—so does financial stability. A viatical settlement allows you to convert an existing life insurance policy into a large lump-sum cash payment, giving you the freedom to afford end of life care, hospice services, and everything in between, without draining savings or asking family for help.
Where other financial options delay, complicate, or fall short, American Life Fund delivers simplicity, speed, and dignity.
Why Choose a Viatical Settlement Through American Life Fund
✔ Immediate funds, no delays.
Once approved, we deliver the cash quickly—often within days—not weeks or months. That money can be used however you need: 24-hour nursing care, medical supplies, relocation to a more comfortable hospice center, or even experiences with your loved ones. There are no restrictions on use.
✔ You keep your privacy.
The process is completely confidential. You’re not applying for charity or asking for approval from an insurance company or community organization. It’s a direct exchange that respects your decisions and time.
✔ No out-of-pocket costs.
There are zero fees to apply. You don’t pay anything to begin the process or complete it. There’s no risk or obligation in getting your free offer estimate.
✔ You stop paying premiums.
Once you accept the settlement and sell your policy, you are no longer responsible for premium payments. That’s one less bill and one less worry.
✔ We are fast, personal, and experienced.
We specialize in working with people facing serious illnesses. Our team is trained to keep paperwork to a minimum and treat your time like it matters.
Eligibility Criteria: Simple and Transparent
American Life Fund makes eligibility straightforward. To qualify for a viatical settlement:
- You must have a life-threatening illness such as cancer, ALS, Alzheimer’s, or another advanced diagnosis.
- You own a life insurance policy valued at $100,000 or more. The policy must be at least two years old.
- We accept most policy types, including term, whole, universal, and group life insurance.
- You must be the legal policyholder, or have permission to act on behalf of the policyholder.
If you meet these criteria, you’re eligible to receive between 50% and 70% of the policy’s face value, depending on the specifics of your diagnosis and policy details See if you qualify!
Why American Life Fund Is Different
Plenty of companies offer viatical settlements, but we exist to serve people who need real answers, real fast—especially when you’re facing the full-time costs of hospice care, palliative care, or in-home care support. This isn’t a marketplace. We aren’t brokers shopping your policy around. We work directly with you, start to finish.
That matters when you’re trying to afford something as urgent and personal as 24-hour skilled nursing care, help with medical equipment, or a consistent team of professionals to manage pain and symptom relief in your home or assisted living facility.
Our average client receives a large cash payment—between 50% and 70% of the face value of their life insurance policy—within days of approval. That kind of money covers hospice services, gives you access to the hospice care team you actually want, pays for private aides, and helps with things that other insurance coverage often overlooks—like homemaker services, transportation, and medical supplies.
You’re no longer paying insurance premiums. Instead, you’re investing that value back into your life—into covered services that matter now.
Most people complete our process very quickly. There’s no pressure and no invasive questions about your diagnosis. Just a team that respects your privacy, your urgency, and your decisions.
The Importance of Time in These Situations
Every hour spent coordinating with hospice providers, disputing bills with your insurance company, or applying for financial assistance is time lost doing something better. At this stage, emotional support, comfort, and control matter more than squeezing a few more dollars from government programs or insurance red tape.
Many hospice care teams can only offer limited visits or rotate between patients. Meanwhile, family caregivers often struggle to fill the gaps in coverage. Even when hospice programs are active, round-the-clock symptom relief, meal prep, bathing, and monitoring usually aren’t covered without hiring private nursing care—and that adds thousands to your monthly medical costs.
You’ve earned the right to use your own resources for your own comfort. A viatical settlement through American Life Fund gives you that access now—not later. When you’re managing a serious illness. You deserve the option to spend the money on yourself and your quality of life.
Final Insight
A single lump sum puts real options on the table. You can bring in private help for inpatient respite care, upgrade to a better hospice center, or hire a consistent hospice team to stay with you overnight. Some people use it to get the same hospice doctor and hospice staff everyday—familiar faces, no rotation.
If you’re a medicare beneficiary, you’ve already seen what’s limited in the medicare hospice benefit. You get basic hospice care focuses like check-ins, but not always someone there at 2 AM when your pain management fails or you need help moving.
You’re not waiting on a palliative care organization to call you back or applying for another layer of approval through veterans affairs or a national hospice database.
Use it for 24-hour help, for better meds, or to move out of a facility that doesn’t feel right. Whether it’s outpatient prescription drugs, extra support for a primary caregiver, or help staying home instead of transferring to a hospice agency, this payout gives you control.
That’s what American Life Fund makes possible. Contact us today!
Does private health insurance cover 24-hour care?
Most private health insurance plans do not fully cover 24-hour care, especially when it’s needed at home. While some plans may contribute to hospice care costs or intermittent nursing visits, they rarely pay for round-the-clock support. A viatical settlement can bridge that gap by providing immediate cash to fund continuous care services.
Why are hospice care costs so high if services are covered?
Even with hospice coverage, patients often pay out-of-pocket for uncovered items like full-time aides, medication not listed on formularies, or overnight supervision. Hospice care costs vary depending on location, whether you’re receiving care in a free standing hospice, at home, or in a facility with higher board costs.
Can terminally ill patients use a viatical settlement at any stage?
Yes. Terminally ill patients are eligible to sell their life insurance policies through a viatical settlement. Whether newly diagnosed or well into treatment, the payout can be used immediately for personal care, medical expenses, or daily needs.
What’s the difference between pain and symptom management and standard care?
Pain and symptom management includes specialized approaches to reduce discomfort, nausea, anxiety, and other side effects that occur during a terminal illness. It goes beyond standard treatment and is often part of palliative care or end of life services, but may not be fully covered by insurance—especially when delivered outside of a hospital.
Are essential services for a patient’s terminal illness always included in hospice?
Not always. Essential services like bathing, toileting, and meal prep may be included if you qualify for full hospice eligibility, but the scope varies by provider. For many, the gap between what’s offered and what’s needed—especially during a patient’s terminal illness—requires additional funding, which is where a viatical settlement provides critical support.
We’re available 24/7. Give us a call on (877) 261-0632 or send us an email at info@americanlifefund.com to find out how we can help you today.
