Any life insurance policy can be converted to pay for Senior Care expenses
If a policy owner no longer needs, or can no longer afford their policy, and is considering letting it lapse or surrendering it for the remaining cash value, then converting it into a Life Care Benefit Plan is the answer.
2011-2012 National Average Annual Costs of Long Term Care
- Skilled Nursing Facility (SNF) - $87,235
- Assisted Living Facility (ALF) - $41,724
- Skilled Alzheimer’s Unit - $91,615
- Home Healthcare - $43,065
Met Life Mature Markets Institute 2012