As Texas life settlement brokers, we possess the required Texas life settlement broker license. So, we are experts in the state laws regarding the sale and transfer of life insurance policies. Recently, Texas’ legislator has made exceptions in the Medicaid law that further solidifies the life settlement industry as a viable investment tool.
Previously, individuals would be excluded from Medicaid if they were holding a life insurance policy. With the changes in the law, life insurance policies can be sold as life settlements with the proceeds going towards eldercare thus enabling these individuals to take full advantage of their new Medicaid coverage.