Silver Planet Partners with Elderlife to Offer Line of Credit

Tuesday, April 20, 2010

Bainbridge Island, WA – Silver Planet®, a Web site empowering boomers and seniors to age with choice, is pleased to announce a new partnership with Elderlife Financial Services, which helps families finance their senior housing needs.

The Elderlife Financial Services Senior Living Line of Credit provides immediate financial assistance for senior housing and allows multiple family members from different parts of the country, as well as friends, to apply together as co-borrowers. More than 2,500 senior living communities across the nation accept this type of payment. Applications for the line of credit can be made through Silver Planet's Resource Directory.

"We are delighted to have Elderlife Financial among the services we can offer our readers," said Karen Klein, Silver Planet CEO. "This resource empowers boomers helping their parents by providing immediate financial help during a crisis period. Elderlife Financial enables qualified borrowers to receive up to a $50,000 line of credit quickly, to use for relocation without having to sell the family home in a rush."

Partnering with Elderlife Financial is part of Silver Planet's business initiative that builds on the comprehensive services it has been providing to seniors since 2008.

About Silver Planet

Silver Planet® empowers boomers and seniors to make informed decisions about aging in place and housing options. Silver Planet's team provides live, professional Silver Advisors and the latest information on scams, housing, financial planning, caregiving, spirituality, elder law, health, and new tech tools for staying at home, thus giving you the knowledge you need to make aging with choice a reality.

For more information about Silver Planet, contact Amy Babcock, ababcock@silverplanet.com, (719) 488-9266.