This allows you to provide for a nursing home or in-home care if required, from your death benefits. If you don’t need to use it, it will be paid out to your beneficiaries when you have passed on. We will sit down with you to discuss your situation and offer guidance on what’s suitable for you.
Life insurance policies can be used to fund long term care expenses in a variety of ways:
- Some policies have a cash value
- Others may be sold to pay for long term care expenses
- Some allow you to save for long term care & provide a fixed income with higher payouts