Frequently Asked Questions

 
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Can I use my life insurance to pay for senior care services?
Moderator SeniorCaring
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1 answer
Moderator SeniorCaring
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Expenses for long-term care may be covered with just a standard life insurance policy in several ways:

  • Combination (Life/long-term care) products
  • Accelerated death benefits (ADBs)
  • Life settlements
  • Viatical settlements

Each of these methods come with their own drawbacks and benefits, so considering the full range of your health needs and financial status will help you make the right decision.