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As long as premiums are paid and policy is in force?

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See, here is the thing. Term life is only in force for a certain number of years, typically 10 or 20. It does not accumulate value, the way a whole life policy does.there is no guarantee that the holder will during the term, so where is there any benefit to the nursing home?

Either I'm confused or there is more to this question than you are telling us.
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Are you sure that you don't mean Whole Life, rather than a term policy?
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Term life policies are sometimes referred to as temporary life. There is a fixed period of time when the premium is level, but after that time, either the premium increases yearly to the point where it becomes unaffordable or the policy terminates. The premium can eventually get so high that people have to terminate it, so the product may not be around at the very time it is needed — death.

Only beneficiaries can benefit at time of death. I wouldn't think a facility would accept promise of payment on death by a term policy. They need assurance. While payments on it are being made now I don't know how they would accept the promise that payments would be made in the future.
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Check with the facility. I have a term policy and the older I get the less its value is, thus lower premiums.
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N0 This has nothing to do with medicaid. and the policy does not decline.
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I wouldn't think so as face value of the policy decreases over time. Is this related to Medicaid qualification and application? If so, consider an elder law attorney that specializes in Medicaid planning.
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