A life insurance policy with a long term care rider may pay for in home care if the insured meets the criteria (requires assistance with ADLs or has a cognitive impairment, has a care plan from a doctor, has paid for care during any deductible period, …).
If no rider was purchased in the contract, then life insurance itself provides no coverage.
Note that receiving LTC benefits from the contract will likely reduce the death benefit.
No. Life insurance is paid AFTER DEATH to the beneficiary listed. Some life insurance policies can be cashed out for cash instead of passed to beneficiaries, and in that instance those funds can be used as you would wish.
I hope I understand your question correctly, but if you have questions about your life insurance your agent would be the one to answer them. Wishing you the best.
A life insurance policy with a long term care rider may pay for in home care if the insured meets the criteria (requires assistance with ADLs or has a cognitive impairment, has a care plan from a doctor, has paid for care during any deductible period, …).
If no rider was purchased in the contract, then life insurance itself provides no coverage.
Note that receiving LTC benefits from the contract will likely reduce the death benefit.
Some life insurance policies can be cashed out for cash instead of passed to beneficiaries, and in that instance those funds can be used as you would wish.
I hope I understand your question correctly, but if you have questions about your life insurance your agent would be the one to answer them. Wishing you the best.