Medicaid eligibility impact: Selling your policy could affect your eligibility for Medicaid, which is a needs-based program. The lump-sum payout might push you over the income or asset limits, leading to potential disqualification from benefits. Health check-ins: In some cases, the buyer of you...
Medicaid is a type of federal health insurance that pays healthcare costs for low-income citizens of all ages. Long-term care insurance helps clients cover costs for long-term care assistance. 8.2.2.3.2 Business insurance Business insurance is the coverage available to business owners to protect...
That said, Medicaid law exempts small whole life insurance policies from the calculation of assets. If the policy's face value is less than $1,500, then it won't count as an asset for Medicaid eligibility purposes. However, if the policy’s face value is more than $1,500, the cash s...
Whole Life Insurance Whole life insurance is a type of permanent policy that lasts whole life and does not expire as long as premiums are paid. It has greater security, cash value and death benefit that make it more expensive than term life. ...
Learn more around life insurance riders and customize your life insurance policy with riders. Whether it's disability or accidental death riders, find your options today!
What is your Life Insurance Policy Worth? Life Settlement Definition Who is a Good Candidate for a Life Settlement? What Type of Policy Do I Need To Have? Taxes, Medicaid, and Broker Fees Pros and Cons of Life Settlements ...
Hi Paige, I absolutely love this Philadelphia insurance you got for me. Next question, I turn 65 next July. I think in February I will be eligible for signing up to get the Medicare Medicaid I believe it’s B in C or whatever? Do you and Philadelphia do that type of insurance?
Medicaid Compliant Annuities This annuity is a type of immediate annuity that may allow you, under certain conditions, to qualify for Medicaid benefits and help pay for medical care costs of a loved one. Please consult with a Medicaid expert before purchasing this product. ...
No insurance options include Medicaid for those that qualify. What life insurance companies look for? Life insurance underwriters are looking to see if any health conditions you have could become a problem now or in the future. If you have lupus, you can help them establish that your symptoms...
In many cases, a long-term-care insurance plan could be used in partnership with a state Medicaid program. A partnership program allows people to divide the cost of long-term care between the insurance and Medicaid so that they don’t have to “spend down” all their assets. So, if the...