Found Money! Converting an unneeded life insurance policy to cash to pay for senior care.
I attended an interesting presentation last week by a life insurance professional about leveraging a life insurance policy to help pay for senior care. It turns out that there is a marketplace where a senior can convert (usually an old and no longer needed policy) to cash. This can be a useful strategy to help pay for long-term care or anything else an older resident may need for their care and support. Here is an article that helps explains the process.
