Benefit payments started in assisted living and then moved to cover a nursing home.

They were living together in assisted living when his wife passed away.  His condition began to deteriorate as these circumstances often do.  It became necessary to move him to a nursing home but he owned a life insurance policy that was counting against his Medicaid eligibility.  The assisted living community referred the family to Life Care Funding so the $65,000 life insurance policy could be traded-in for a Long Term Care Benefit.  He was able to remain in the assisted living community for a little longer with the Benefit Payments covering the costs.  Once he was moved to the nursing home, the monthly payment amount was increased to cover the escalating costs of care.  The remaining benefit was spent down in the nursing home until Medicaid took over.

$32,700 (one time payment of $8000)
Monthly benefit $7385
Benefit period 3 months
Death benefit $2545