My mother is 73 and will be entering a nursing home in the very near future. She suffers from Dementia .Her doctor has recommended that she apply for medicaid.She does not own a home or car.She does have a whole life insurance policy in the amount of 10,000.Will this prevent her from qualifying for medicaid?her only income is social security.
1 Answer from Attorneys
What you left out is the cash value of the policy. That may matter. The death benefit does not.
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