A Term policy is traded-in to pay for home hospice care.
A young, single woman suffering from cancer could not care for herself any longer but wanted to remain at home. She had a $50,000 term life policy that she no longer needed and was going to allow it to lapse. She was introduced to Life Care Funding and discovered that she could trade-in her policy for a Long Term Care Benefit plan that could help cover her home healthcare needs. Once her policy was converted, she was able to purchase a specialty bed and remain at home to receive hospice care in a private and dignified setting.
$28,100 (one time payment of $7000)
Monthly benefit $3100
Benefit period – 6 months
Death benefit $2500