DETROIT, July 21, 2011 /PRNewswire/ -- 3in4 Need More and elder care expert Dr. Marion today announced One Reverse Mortgage, the nation's largest reverse-only mortgage provider, has become the exclusive sponsor for the "Get Your Life Back" Contest – offering an "extreme makeover" to someone caring for an aging parent or loved one. Entrants of all ages can submit their stories or videos at http://www.3in4Contest.com through August 31. One winner will receive a comprehensive prize package to help alleviate the stress of caregiving, including a week's worth of pampering, an in-home safety assessment, one-on-one caregiving coaching, and technology to support a range of caregiving needs.
The contest is part of a national campaign to raise awareness about planning ahead for the costs of long-term care, which are not covered by Medicare or traditional insurance. Dr. Marion is taking the 3in4 Need More bus across the country to help Americans better determine their risk, assess potential costs, and understand the options available to mitigate those costs, which can include reverse mortgages, private savings, long-term care insurance, government programs, and more.
"Millions of Americans are handling their loved ones' long-term needs, but are literally falling apart in the process. By sharing their stories, they can inspire and provide support for millions of others. That's what this contest is all about," said Dr. Marion. "We're so grateful to have such a generous partner in One Reverse Mortgage to sponsor this contest, and give one caregiver the chance to truly get his or her life back."
One Reverse Mortgage, the largest reverse-only mortgage lender, provides homeowners 62 and older the ability to eliminate their monthly mortgage payments and access their home equity as a tax-free disbursement. These funds are often used to supplement the client's retirement, address long-term care expenses, and more.
All entrants will receive a free download of Dr. Marion's best-selling book, Elder Care Made Easier ($16.95 value).
About 3in4 Need More and Dr. Marion
3in4 Need More (http://www.3in4NeedMore.com) is a national campaign launched by non-profit 3in4 Association to raise awareness about long-term care planning. More than 70 percent of Americans over 65 will need long-term care services such as nursing homes, assisted living, and in-home aides, costing them thousands of dollars each month out-of-pocket. 3in4 Need More's national spokesperson is elder care expert & author Dr. Marion Somers (http://www.DrMarion.com), recognized as a visionary and thought leader in her field. Dr. Marion has over 40 years of experience working directly with seniors and their caregivers, and helping millions of Americans through her books, web site, newspaper columns, media appearances, speaking tours, and more.
About One Reverse Mortgage
One Reverse Mortgage LLC is the nation's second largest retail provider of reverse mortgage home loans. The company's specialized products focus on allowing homeowners, 62 years and older, the opportunity to convert some of the equity in their homes into tax-free cash flow without having to make any monthly payments on the "cash out loan" proceeds until the homeowner either moves from the home, sells the home or becomes deceased, in which case the property is then sold and the principal and interest owed on the loan is repaid from the sale proceeds. One Reverse Mortgage was founded in 2001, operates in 46 states across the U.S. and is a Quicken Loans company. For more information about One Reverse Mortgage, please visit: http://www.onereversemortgage.com.
SOURCE 3in4 Association