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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Tag Archives for: "life insurance policy"
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 How are Whole Life Insurance Policies Treated When Applying for Medicaid?
2
By Harry Margolis
In Long-Term Care Planning
Posted December 13, 2019

How are Whole Life Insurance Policies Treated When Applying for Medicaid?

Question: Can a whole life insurance policy owned by a current recipient of Medicaid benefits be transferred or borrowed against in order to avoid becoming ineligible for benefits? Response: It [...]

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 Can Medicaid Applicant Transfer Life Insurance Policy to Spouse?
0
By Harry Margolis
In Long-Term Care Planning
Posted January 26, 2018

Can Medicaid Applicant Transfer Life Insurance Policy to Spouse?

Question: Can someone applying for Medicaid transfer a $50,000 fave value universal life policy with a cash value of $1,906 to a spouse under the spousal impoverishment rules? Response: Yes. [...]

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 Can I Use a Life Insurance Policy to Pay CCRC Deposit?
0
By Harry Margolis
In Long-Term Care Planning
Posted December 15, 2017

Can I Use a Life Insurance Policy to Pay CCRC Deposit?

Question: I would like to enter a continuing care retirement village, currently for independent living but with access to assisted living and skilled care as needed. The down payment is $55,000. [...]

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 What Happens when my Mom on Medicaid and in Subsidized Housing Receives Life Insurance Proceeds?
0
By Harry Margolis
In Long-Term Care Planning
Posted November 10, 2017

What Happens when my Mom on Medicaid and in Subsidized Housing Receives Life Insurance Proceeds?

Question: My mom is on Medicaid in Pennsylvania. Her daughter died and mom has become the beneficiary of a life insurance policy for a substantial amount of money. Will Medicaid take her money? [...]

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0
By Harry Margolis
In Practical Matters
Posted July 21, 2017

Have You Considered Selling Your Life Insurance Policy?

If you are considering dropping your life insurance policy because you can no longer afford the premiums or no longer need to provide the money for your heirs, first check out whether you would [...]

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This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

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(An Amazon Prime Reading selection)

Read Sample Chapters

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