Brother helps sister trade-in a Federal employee policy to cover costs of assisted living.

A brother was trying to figure out how to help his sister pay for the costs of long term care and spend down to be ready to qualify for Medicaid.  She had a $38,000 Federal employee life insurance policy that was part of her retirement.  They had talked with an assisted living community but it was private pay only so they informed the family that they should look at trading-in their policy for a Long Term Care Benefit plan instead of abandoning it.  They contacted Life Care Funding and very quickly completed the application and enrollment process to set up their benefit plan and move her into the community.
Female / 68
Policy Size: $38,000
Policy Conversion: $18,200
Monthly Long Term Care Benefit:  $2200
Funeral Expense Benefit: $5000