How Medicaid Treats Life Insurance (Part 2)
               Last week I was talking about life insurance as it affects eligibility for Medicaid. While term insurance has no value while the insured is alive and only provides a payment at the death of the insured, other types of life insurance – namely whole life and universal life –
How Medicaid Treats Life Insurance (Part 1)
               Medicaid requires the applicant to spend down all assets to under $2000 before approving an application for benefits. The question comes up frequently about life insurance. Is it an asset and if so, what is the value?                In order to answer that question, we must examine what kind of