Life Insurance Articles -

Life Insurance Articles

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.

There are life insurance options available for seniors, but finding the right policy can be tricky.

Unsure about how you will be able to pay for elder care? Learn how to convert your life insurance policy into a Medicaid-qualified asset.

Use this guide to explore all your options, such as insurance coverage, benefits and out-of-pocket sources, that can be used to pay for home care.

Some life insurance policies can affect Medicaid eligibility. In order for a nursing home stay to qualify for Medicaid coverage, an elder's assets cannot exceed $2,000 for a single person, or $109,560 for married couples.

Life insurance coverage is not typically offered for elderly who have been diagnosed before they turned age 75.

You can buy your mom's insurance policy from her, and pay her cash, which she can spend down to quality for Medicaid.