Life Insurance for Seniors
A contract between a private insurance company and an individual that pays a lump-sum death benefit to a beneficiary in exchange for premium payments over the lifetime of the policy holder.
Life Insurance Articles
6 Essential Differences between Permanent and Term Life Insurance
Permanent and term life insurance have many differences and fit very different needs. It's important to understand both types to find the right coverage for you and your family.
0 Comments4 Life Insurance Options for Seniors
There are life insurance options available for seniors, but finding the right policy can be tricky.
7 CommentsHow to Use a Life Insurance Policy to Pay for Long-Term Care
Unsure about how you will be able to cover long-term care costs? Learn how to convert life insurance to long-term care services without jeopardizing your Medicaid eligibility.
23 CommentsDo Life Insurance Policies Affect Medicaid Eligibility?
Under certain circumstances, life insurance policies are considered countable assets and can affect Medicaid eligibility. Some seniors must include their life insurance policies in their spend-down strategy to qualify for Medicaid long-term care services.
25 Comments
Life Insurance Questions
Being denied Medicaid due to a term life insurance policy we cannot track down.
10 AnswersGeaton777 Replied Oct 6, 2024How is whole life insurance (with or without paid up premiums) that has cash value valued for purposes of Medicaid eligibility?
2 AnswersGeaton777 Answered Oct 2, 2024My MIL passed away this year, she was in a MC facility. She passed in July of this year, she had an annuity and an insurance policy, part used for burial.
4 Answersfreqflyer Answered Sep 2, 2024Whole life policy cash value is the only other asset parents have, can they retain policy after qualifying for Medicaid after spend down?
5 Answersuninformed88 Replied Aug 19, 2024
Ask a Question About Life Insurance
Life Insurance Discussions
Home care and LTC advice
2 CommentsMidkid58 Commented Nov 2022I have been in the care taker business
2 CommentsGeaton777 Commented Jul 2021Caring for fiance?
3 Commentsfreqflyer Commented Apr 2019Medicaid and life insurance beneficiary. Is there any way mom can give her grandson his due without being penalized for Medicaid?
5 CommentsEXPERT John L. Roberts Commented Jul 2018
Start a Discussion About Life Insurance