Presentation to discuss new funding option for seniors

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PITTSFIELD — EPOCH Assisted Living at Melbourne will welcome Chris Orestis, principal of Life Care Funding Group, a firm that specializes in insurance matters, to discuss a new funding option for seniors called a Life Settlement.

This option allows seniors who want or need to move into an assisted living, independent living or long-term care community to preserve many of their primary assets as part of the family estate instead of selling their home in the current economy that is not seller-friendly. The presentation, free and open to the public, will be held at EPOCH, located at 140 Melbourne Road, on Wednesday, Sept. 10, at 1:30 p.m. Refreshments will be served

A Life Settlement is the sale of a life insurance policy by the policy holder while still living to an institutional investor that will pay a lot more for the policy than the cash “surrender” value. The seller receives a lump sum payment which requires no repayment because it is not a loan. The goal of a Life Settlement is to help seniors raise funds so that they can afford to cover today’s expenses and plan with confidence for a comfortable retirement.

EPOCH Assisted Living at Melbourne will offer the Life Settlement option to prospective residents. “Our goal is to support our residents and make it easy for new residents to move in,” said Diane Weinstein, EPOCH’s executive director. “A Life Settlement may make a lot of sense for people reviewing their options.”

Chris Orestis is an acknowledged expert on insurance and long term care issues. He represented the health and life insurance industry as vice president and senior vice president, respectively, for the Health Insurance Association of America and the American Council of Life Insurers. He is a featured columnist and contributing editor to a number of industry publications.

For more information, please call Diane Martin at 413-499-1992.
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Prospect Meadow Farm Opens New Vocational Barn

By Breanna SteeleiBerkshires Staff

A charcuterie board at the event displays fare from some of the regional producers.

PITTSFIELD, Mass. — Prospect Meadow Farm last week officially opened a new barn to sell plants and other goods it produces.

Prospect Meadow Farm Berkshires is an expansion of ServiceNet's first farm in Hatfield that has provided meaningful agricultural work, fair wages, and personal and professional growth to hundreds of individuals with intellectual and developmental disabilities since opening in 2011. 

The Berkshires farm opened on Crane Avenue two years ago and has now introduced a new vocational and unwinding space for the more than 25 farmhands who get paid a minimum wage.

"This is a facility for our folks who work on the farm to learn additional skills and do additional work," said Vice President of Vocational Services Shawn Robinson at the Friday event. "So we have a food packaging space, we've got a walk-in cooler space, we've got a floral design space, we've got a farm store room for staff, lunch room, and then a meditation room that we're standing in now, which is when you're having those hard moments and you need to get away from everything.

"This is going to be a peaceful place you can find and sort of find some comfort, and then hopefully get back to work."

The barn was built by funds from the state Executive Office of Economic Development and the state Department of Agricultural Resources that equated to around $600,000, with ServiceNet contributing around the same amount. The structure took over a year to build.

The state's Department of Developmental Services Commissioner Sarah Peterson spoke on how meaningful this farm and ServiceNet is to her and that this place is important to those who need it.

"Places like this are so crucial because they create opportunities for people living with disabilities that aren't plentiful," she said. "People living with developmental and intellectual disabilities have an unemployment rate over 25 percent five times the rate for people without disabilities, even more jarring is under appointment, which is at 80 percent. That means that four out of every five people with disabilities earn below market rate wages and have limited upward mobility.

"The building itself is really impressive, but what you're really seeing here is the result of vision. It's about opportunity, it's about community, and it's founded in the belief that every person deserves the chance to learn and work and contribute to thrive under the leadership of ServiceNet."

One aspect of the barn will be the market where produce from the farm and other local growers will be sold as well as keeping the tradition of Jodi's Seasonal, which previously occupied the location, alive with plant sales. The market will be open Monday through Saturday from 10 a.m. to 3 p.m.

"Everything you see in terms of the tomatoes, the fresh produce, that's all done with the hands of our farm hands here, individuals with disabilities who get out every single morning, get in those greenhouses, put their hands in the dirt, and make all of this happen, and this is just the start," said Robinson. "This farm is a little over a year old at this point, but give it another two years, and we hope to be growing enough food to share throughout the Berkshires."

Robinson said the farm is focused on local food security, recently partnering with the Hatfield Council on Aging and planning to work toward making enough food to partner with places in the Berkshires.

He said the barn serves the Hatfield farm and what the employees here needed.

"We've been able to learn the needs of the farm hands who work there and so we have learned that they need a comfortable break space for those times where it's hard to be out in the fields, we've learned that a quiet space for when you're going through something you need to be away from people are key, and then also we have a small farm store in Hatfield, but we've seen increasing interest in retail work from our participants, so we thought it was time for a larger-scale farm store," he said.

Robinson noted that Prospect Meadow Farm has helped the individuals working there feel valued and head.

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