Life Insurance for Seniors

  • 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.

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  • 4 Life Insurance Options for Seniors

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

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  • How to Use a Life Insurance Policy to Pay for Long-Term Care

    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.

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  • Do 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.

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  • Can a person with Alzheimer's get life insurance?

    Life insurance coverage is not typically offered for elderly who have been diagnosed with Alzheimer's before they turned age 75. However, there are many factors that can affect the underwriting decision for a life insurance applicant who has Alzheimer's.

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  • Take the Guesswork out of Funeral Arrangements

    Frank discussions about final arrangements are wise to have at any age. Use these strategies to broach the subject and develop comprehensive funeral plans for yourself and your aging loved ones.

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  • How to Pay for In-Home Care

    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.

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  • Understanding Which Assets Must Go Through Probate

    Probate is the court-supervised process of inventorying all a decedent’s assets and distributing them to creditors and inheritors. However, not all property is subject to disposition by a will or the probate process.

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  • Can I spend down mom's life insurance assets to help her qualify for Medicaid?

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

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  • Financial Planning Tips for Caregivers

    Family caregivers face a great deal of emotional, physical and often financial stress. While your focus may be on managing an aging loved one’s health care and money, it’s crucial to make your personal finances a priority as well.

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