Karam is planned so that a home you have fully paid for can become a lasting, interest-free fund in your own name — and you receive full, respectful care for the rest of your life. You never pay anything, and the cost of care is never set by what your home is worth.
Full, respectful care for the rest of your life — company, help at home, and keeping your home safe and in good repair. This is what Karam is meant to give once its care work starts. You never pay anything. The cost of care is never set by what your home is worth.
The full value of your home becomes a lasting fund in your own name that lends with no interest. It keeps helping families, one after another, and the money itself is never spent.
Karam is meant to be the opposite of the schemes that take elders' homes from them. No reverse mortgage. No signing your house over to a lender. No annuity deal that traps you. Before anything can be signed, Karam will require: your own independent lawyer, a waiting time so you can change your mind, and a check that you fully understand what you are signing. These protections are written down but not built yet — that is one reason Karam is not open.
Millions of elders own their home fully, but lack what they need most: care every day. Too often the answer offered to them is to take the home — reverse mortgages, signing the house over, care homes that take the house as an entry fee, and care priced at whatever the house is worth.
Karam is the opposite. Your home is not taken from you. On your terms, it is turned into care for life and a lasting fund that carries your name — and the plan is made so that you keep living in it.
Keep the home, sell it with no interest, or rent it out. In every choice the elder pays nothing, and the cost of care is never set by what the home is worth. None of the three is open yet.
The first choice, and the gentlest. The home is not sold and not rented.
A family buys the home and pays its full value over time, with no interest, into an account in your own name.
If you would rather not sell, you don't have to. The home stays yours, and it is rented out.
The fund in your name keeps being lent again and again, and the money itself is never spent. Before anything can be signed, Karam will require your own independent lawyer, a waiting time so you can change your mind, and a check that you fully understand what you are signing. These rules are written into the plan, but they are not built yet. The length of the waiting time is not decided, and no lawyer has been named — so Karam cannot take anyone today.
You own your home, and you want care for life and a lasting fund in your own name. Your family is always part of it, never left out.
You buy an elder's home and pay its full value over time, with no interest — ever. Buying and caring are separate jobs — you may take one or both.
You live with an elder or look after one. Karam plans to find, train, check the background of, schedule and pay carers — caring for a soul, as an honoured job. No carer has joined yet, and there is no way to join today.
People who give care, home services, activities or legal help, and want to serve elders. Karam plans to sign them up, check them, schedule and pay them. That is not built, and there is no way to join today.
No. The fund is your own protected investment account, in your name — qardon.org never holds your money. We keep a record of the plan and send the investment instructions. The money stays yours.
No — it is the opposite. A reverse mortgage piles interest onto your home and can cost your family the house. Here there is no interest, your home stays in your name if you wish, and its value becomes a lasting fund that carries your name.
Nothing. Karam is planned so that the elder never pays, and the cost of care is never set by what the home is worth. No fee of any kind ever reaches the elder.
Your family is always part of it, never left out. Where there are heirs, their written agreement is part of completing the plan, and nothing is done behind anyone's back. Karam promises no inheritance and no gift after death to anyone — not to a child, not to a carer, not to a buyer. If anyone ever tells you otherwise, that is not Karam.
No. Karam is not open. No elder has joined, the legal papers are still with the lawyers and not approved, and the team of carers and professionals does not exist yet. There is nothing to sign, nothing to send, and no waiting list.
Before anything can be signed, Karam will require your own independent lawyer, a waiting time so you can change your mind, and a check that you fully understand what you are signing. If a check is not passed, the plan stops — it is not skipped. None of the three exists yet: no lawyer is named, the length of the waiting time is not set, and the way to check understanding has not been chosen. Until they exist, Karam cannot take anyone.
Karam is not open, so there is nothing to send and no one to be matched with. If you want to know what it will ask of an elder, a buyer, a carer or a professional, read it here — and write to us if you have a question.