Life Insurance Could Become Long-Term Care Solution - KTEN.com - No One Gets You Closer

Life Insurance Could Become Long-Term Care Solution

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Life Care Funding to Testify Before Texas House for Legislation Supporting Life Insurance Policies to Supplement Medicaid Long Term Care Services

 

Bills HB 2383 and SB 1321 Provide Life Policy Conversion Option

 

Chris Orestis, CEO, Life Care Funding, will provide testimony before the Texas House Committee on Human Services. HB 2383 and SB 1321 are the first bills in Texas to inform life insurance policy owners that they can convert a policy into a Long Term Care Benefit Plan as a Medicaid-qualified spend-down.

 

Life Care Funding is a proponent for seniors with life insurance policies and their families who need to pay for long term care. Too often seniors who have paid life insurance premiums for years abandon those policies as they begin preparing for long-term care. Either they can no longer afford the premium payments or their policy is considered an asset that will count against Medicaid eligibility.

 

WHO:               CEO Chris Orestis, Life Care Funding

                        Texas House Committee on Human Services

 

WHEN:             Tuesday, March 26, 2013

8:30 a.m. CST

 

WHERE:           Texas State Capitol

                        Room E2.030

                        Austin, TX

 

About Life Care Funding

Founded in 2007, Life Care Funding (LCF) assists people in need of funds to cover the costs of long term care. Working with over 4,000 senior-living and long-term care providers in the United States, LCF originated and is the market leader of converting the death benefit of an in-force life insurance policy into a Long Term Care Benefit Plan to help pay for skilled nursing home care, assisted living, home health care, and hospice. Life Care Funding (www.lifecarefunding.com) can be reached at 888-670-7773 or info@lifecarefunding.com.