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Last Updated May 1, 2025

Client Review on Veterans Financial, Inc.
Feedback:
I contacted this company from a flyer I received at a nursing home my father is staying at. They told me about their services and asked if my father was a veteran, his discharge status, etc. and that if he served in the military and he met certain conditions, he could get the VA to pay for his nursing home care or at least part of it. They needed a copy of his discharge paperwork as he was in the military back in the 1940s. I did not have this and they instructed me to call the VA to obtain this. They asked how much he had in assets such as in bank accounts, stocks, etc. He has substantial assets and once I told them how much he had, the lady seemed eager to help. I asked them how Veterans Financial makes their money since they said I would not have to pay them and the fact they are not a government agency but the lady was very evasive about it and would not say. Couldn't figure out how they made money in order to stay in business so finally gave up asking her about this.I spent literally hours consisting of being on the phone with VA and completing and mailing necessary forms to them in order to get his discharge paperwork. Veterans Financial also required copies all his financial statements, social security information, pension paperwork, bank statements, stock information, retirement accounts, etc. and I spent so much time getting all this together that I lost track of how many hours it took.Finally I faxed all this to them and then when his discharge information finally came back from the VA, I sent this also. About a month had gone by from the time I initially contacted them until had all the information sent to them. Finally the lady called me and said she had reviewed everything and it looked good and she felt they could get some financial assistance from the VA to pay for my father's nursing home care. Then she dropped the bombshell on me....I had to invest all my fathers money with them in order for them to help us! That was the catch that she refused to tell me about up front. They invested it in an irrevocable trust so that the VA would not see the funds were in my father's name and make it appear he could not afford to pay for the nursing home care. I had no idea who these people were and sometimes when on the phone with this lady, I could actually hear a rooster crowing in the background so I assumed she was operating out of her house probably in the country.I was really upset with her for not disclosing this to me up front since had asked her several times about it. I told her I would never invest all my fathers money with them as they had deceived me by not disclosing this up front and felt I had been tricked. She got rude at this point when she found they were not going to get my father's money and I eventually hung-up on her. She probably works on a commission.What else were they not disclosing? I think about all the hours Ihad wasted in getting everything to them and the time spent in dealing with the VA. Now they have a copy of all my father's financial information so am very concerned about this. Veterans beware of this company as they want all of your money invested with them and it is nothing but a scam. I just found that there is a warning from the AARP about these type of companies. If you Google "Taking Aim at Old Soldiers by AARP" you can read the article.
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