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 [...]

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. [...]

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. [...]

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? [...]

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 [...]