How To Use A Life Insurance Policy To Pay For Long Term Care

This informative article by Anne-Marie Botec explains how a person with an existing in-force life insurance policy can convert it into a Long Term Care Benefit Plan to help extend the time they remain private pay for Long Term Care, until they need to go on Medicaid later on the road. 

While this method isn't meant to replace planning in advance and purchasing Long Term Care Insurance nor give them the necessary amount of coverage for Long Term Care, it may help a little bit for folks that neglected to purchase Long Term Care Insurance earlier in their lives when they should have.

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