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  • How to Pay for Senior Care

    This Video explains the long term care benefit plan and how Life Care Funding can help. We convert your life insurance into an immediate long term care benefit account to pay for senior care.

    Any type of life insurance could qualify for a
    long term care benefit plan.

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  • How to Pay for Senior Care

    This Video explains the long term care benefit plan and how Life Care Funding can help. We convert your life insurance into an immediate long term care benefit account to pay for senior care.

    Any type of life insurance could qualify for a
    long term care benefit plan.

See if You Qualify for Long Term Care

The Long Term Care Benefit Plan

Convert Life Insurance into a Long Term Care Benefit Plan paid monthly to the care provider of your choice.

Life Care Funding converts your existing life insurance into an immediate Long Term Care Benefit Account to pay for the cost of care directly every month. Qualifying is quick and uncomplicated, and there are no fees or obligations to apply. Once approved, you choose the type of long term care that is best for you: Home Healthcare, Assisted Living, Alzheimer’s Care, or Skilled Nursing Home Care.

Take control of the Quality of Care you or your loved one receives. Before you sell valuable assets and drop any life insurance policy to qualify for Medicaid, see if you qualify for the Long Term Care Benefit Plan. Converting a life insurance policy is a Medicaid qualified spend-down of the policy and preserves a portion of the death benefit for the family. After years of premium payments, many policy owners will allow a policy to lapse or surrender it for any remaining cash value. Don’t make the same mistake when your policy could be converted to pay for the costs of long term care and funeral expenses.

Long Term Care Benefit Plan

Find out if you qualify for LIfe Care Funding. Speak with a Benefits Coordinator Today.

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Long Term Care Conversion

Key Benefits of The Long Term Care Benefit Plan

  • Simple, no-cost application and review process
  • Quick approval and funding (no wait periods)
  • No age minimum
  • No premium payments
  • All types of in-force life insurance qualify
  • Monthly payments made directly to care provider/facility
  • Provides funeral expense benefit
  • And more...
See if You Qualify

Read Our Families' Stories

The family contacted Life Care Funding to find out if they could trade-in a $150,000 term life policy to enroll in the Long Term Care Benefit plan. The cost was more than they could afford but they had been told they could trade-in his $150,000 term life policy for a Long Term Care Benefit plan instead of abandoning it. The policy premiums were going to escalate in the future but instead they were able to quickly convert it into a Long Term Care Benefit plan and move their father to the community where they really wanted him to reside so he could get the 24 hours a day care he required.

  • Male / 65
  • Policy Size: $150,000
  • Policy Conversion: $41,300
  • Monthly Long Term Care Benefit - $3,300
  • Funeral Expense Benefit – $5,000
More Case Studies

Paying for Senior Care Blog

  • Searching for Private Pay Solutions as the Long Term Care Funding Crisis Worsens

    Unprepared for the Future Americans are doing little to prepare for long term care and are not very concerned.  And maybe they don’t need to be concerned— because they need to be terrified!  A recent poll released by AP-NORC Center for Public Affairs Research, and reported in the national media,...

  • Life Care Funding CEO to Testify Before Maine Senate on Long Term Care

    Chris Orestis, CEO, Life Care Funding, will testify before the Maine Senate Committee on Insurance and Financial Services. LD 1092 is the first bill in Maine to inform life insurance policy owners that they can convert a policy into a Long Term Care Benefit Plan as part of a Medicaid...

  • How to Pay for the Cost of Senior Care

    This video explains the process of converting your life insurance plan into an immediate long term care benefit account to pay for the cost of senior care. Any type of life insurance could qualify for a long term care benefit plan, to help with the ever rising cost of senior...

  • Recent Testimony before the Texas House Committee on Long Term Care

    HB 2383 and SB 1321 Testimony before the Texas House Committee on Long Term Care Tuesday, March 26, 2013 Presented by Chris Orestis, CEO of Life Care Funding   My name is Chris Orestis and I am the CEO of Life Care Funding.  Our company was founded five years ago...

  • What is a Long Term Care Benefit Plan?

    A life insurance conversion into a Long Term Care Benefit Plan is not a long term care insurance policy, annuity, any form of hybrid life/LTCi policies, or an accelerated death benefit– it is actually converting the life insurance policy for a pre-paid, Long Term Care Benefit Plan that covers the...

  • Policy Conversion Report Released by Florida Medicaid Department

    The report and accompanying legislation includes the “Private Option” to convert a policy into a Long Term Care Benefit Plan modeled after Life Care Funding (see page 6 of the Medicaid Department Report). A powerful coalition of interests have come together to support the use of life insurance as a...

  • Life Insurance Policies Abandoned by Seniors

    The Long Term Care Benefit conversion option is designed to serve a large but ignored population. This large population of middle market life insurance policy owners with polices under $500,000 of death benefit value end up either lapsing or surrendering their in-force life insurance because they can no longer afford...


Read Our Blog

For Long Term Care Providers

If you would like to learn more about how the Long Term Care Benefit Plan can impact the lives of your residents and assist you in funding their stay...

For LTC Providers

Life Care Funding in the News

  • Maine Bangor Daily - Long-term Care

    Maine Lawmaker’s Bill Highlights Novel Option for Affording Long-Term Care

    April 29, 2013
  • Maine Public Broadcasting Network

    Bill Aims to Give Maine Seniors Another Option to Pay for End-of-Life Care

    April 25, 2013
LCF in the News

quick resources

  • The Long Term Care Benefit Plan
  • Frequently Asked Questions
  • Family Success Stories
  • Life Care Funding in the Media
  • Life Care Funding Press Releases
  • Life Care Funding Publications
  • Long Term Care Benefit Plan Eligibility

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Contact Life Care Funding

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  • info@lifecarefunding.com
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Portland, ME 04101
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