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
Can a durable POA add her name to the life insurance policy of her parent?
11 AnswersSavingMom2014 Replied Aug 22, 2023No death certificate found when applied for.
6 AnswersJoAnn29 Answered Aug 15, 2023How can we find out if my mother (in a NH with dementia) has any life/whole etc insurance?
6 AnswersMACinCT Replied Apr 22, 2023Can in-home service payments be made by life insurance?
2 AnswersFrebrowser Replied Apr 18, 2023
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