Entering a Nursing Home Assisted Living Facility?
Windsor Life Settlements is a licensed Life Settlement Broker in the business of assisting people with converting their unneeded or unwanted life insurance policies into cash. Cash that can be used to pay of Long Term Care, Assisted Living, Medicals Bills and Final Expenses.
Medicare & Medicaid
For people entering Nursing Homes or Assisted Living Facilities selling their insurance policy can be an attractive option when it comes time to “Spend Down” their assets to meet Medicaid Guidelines. The alternative for most people is to simply lapse their policy for no value or surrender it to the Insurance Company for any cash value the policy may contain.
In the appropriate situation life insurance is an asset that can be used while the insured is still alive.
No one wants to think about their loved ones dying or their own death for that matter but the sale of a life insurance policy can reduce the anxiety caused by the thought of paying for Long Term Care. At Windsor Life Settlements, we work with people every day facing this challenge.
If you are interested in learning more about the sale of life insurance policies please feel free to contact us. There is no obligation whatsoever. We will work to find the highest and best offer for your policy. We will be there every step of the way.
Policies Most Likely To Be Purchased For Cash
Policy buyers are most interested in purchasing life insurance policies from people entering nursing homes assisted living facilities.
Other policies most likely to receive offers will have at least one of the following characteristics:
- Entering a Nursing Home or Assisted Living Facility
- Moderate to significant health impairments
- Male or Female: 70+ years of age
- Face Amount of Policy: $500,000+
- Carrier: A- rated or higher
- Policy Type: Convertible Term, Universal Life, Whole Life
- At least 2 years has passed since issue date