Life Insurance Conversion to Long Term Care Benefit
People are trying to figure out how to pay for a long term care and long-term care insurance is certainly an option. I’ve come across something else called an assurance (long term care) benefit. What is does is convert a death benefit of an active life insurance policy to health care benefit. Its was brought to my attention when Emeritus Senior Living and Life Care Funding offered this option to people considering an assisted living facility. I will make more information available and ask your insurance provider. This option is perfect for those with life insurance policies they would like to use for long term care expenses.