What does 1500.00 face value life insurance mean when dealing with Medicaid? - AgingCare.com

What does 1500.00 face value life insurance mean when dealing with Medicaid?

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It was written for $1500 BUT it can be worth more many years later if the dividends are reinvested towards more insurance. They want to know if a policy has "cash value" which is listed on the annual statement from the insurance company.
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