The family is placing the 94 year old woman into a nursing home. Medicaid says she has $20,000 too much cash on hand. Being told she may purchase life insurance with that money to create an insured value – instead of spending it down. Also, she had a stroke in September 2015.
Can't buy an annuity. Is there an "annuity like" Guaranteed issue SPWL product out there for this specific purpose? We'll take a 20k benefit for 20k premium.
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Can't buy an annuity. Is there an "annuity like" Guaranteed issue SPWL product out there for this specific purpose? We'll take a 20k benefit for 20k premium.
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