Life Care Funding is endorsed by over 5,000 Assisted Living communities, Homecare providers and Nursing Homes across the country that offer the Long Term Care Benefit to families as a way to help the pay for care.  Policy owners can also learn more about how to qualify for a Long Term Care Benefit Plan through their financial, insurance or legal advisor who would be happy to assist in a policy conversion.

A Long Term Care Benefit Plan is a protected account that makes monthly payments automatically to the care provider of choice.  As long as the Benefit Account is in use, the person receiving care is considered “private pay”.  Private pay individuals remain in control of their own decisions and do not have to go onto Medicaid.  Private pay individuals are also preferred by Homecare providers, Assisted Living communities and Nursing Homes– and for the most part Homecare and Assisted Living only accept Private pay.

Seniors want to remain financially independent, and do not want to become a burden on their family or a ward of the state by entering Medicaid.  Unfortunately, the current system to fund long term care has evolved into one that encourages seniors to impoverish themselves and move towards Medicaid as quickly as possible.  For the wealthy, long term care costs are easily covered.  For the poor and disabled, Medicaid is available.  But what about the majority of middle class Americans that need access to long term care today? One solution available to millions of people is to convert a life insurance policy instead of abandoning it so they can remain private pay and access any form of care that they want.