Life insurance is legally recognized as an asset and your property ownership rights are guaranteed by the Supreme Court.  The Long Term Care Benefit Plan is a unique financial option for seniors because all health conditions are accepted, and there are no wait periods, no care limitations, no costs to apply, no requirement to be terminally ill, and there are no premium payments or anything to pay back. Policy owners use their legal right to convert an in-force life insurance policy to enroll in the benefit plan, and are able to immediately direct payments to cover their choice of senior housing and long term care costs including homecare, assisted living, memory care and nursing home care.

In recent years, state legislatures and advocacy groups have been working together to introduce laws making sure that policy owners are informed that they can convert their life insurance into a Long Term Care Benefit Plan.  Consumer protection disclosure laws championed by Life Care Funding have been introduced in numerous states to make sure people are informed that instead of abandoning a life insurance policy to go onto Medicaid, they have the legal right to convert the policy into a Long Term Care Benefit Plan and choose any form of care that they want.

We are proud that these consumer protection measures are based on Life Care Funding’s program and we have helped to write the bills and have been invited to provide expert testimony in numerous states.  Advocacy organizations such as the American Health Care Association, the Assisted Living Federation of America and the AARP in Florida have all spoken out in favor of this approach to funding long term care.