Hello, my recently widowed aging father recently received a life insurance payout. He is the sole beneficiary. He does not need nursing home care just yet, but I speculate that he will in the near future. There is a $2K asset limit for individuals. Is the insurance payout (way over $2K) protected from this? Is there a way to allocate or "spend-down" this payout in order to qualify for Medicaid? I am also aware, correct me if I'm wrong, of a 5 year period where one cannot make large transfers to be under the asset limit.