Life Care Funding does not charge any fees and there are no obligations to apply for the Long Term Care Benefit Plan.  The application is a very short from that takes about 5 minutes to complete. If a person has an in-force life insurance policy with a death benefit range of $50,000-$1,000,000 they could qualify to enroll in the Long Term Care Benefit.  Term life, Universal life, Whole life and Group life all qualify to be converted into a Long Term Care Benefit.

The entire enrollment process takes about 30 days from start to finish with monthly benefit payments being made to the person’s senior care provider of choice.  A person can select any form of senior care they want such as Homecare, Assisted Living, Memory Care, Skilled Nursing or Hospice and the Benefit account is flexible so it can be adjusted to move from one care provider to another, or the monthly Benefit amount can adjusted as care needs change.  The Benefit Plan will also provide a final expense payment to help with funeral costs and if a person should pass away with any money still in their Benefit account, the entire balance will be paid to their family or designated account beneficiary.

The Long Term Care Benefit Plan is a Medicaid qualified financial option to address an immediate need for long term care services.  Instead of lapsing or surrendering a life insurance policy, the owner will get a much higher value that will help them pay for the expensive out-of-pocket costs of long term care.