You might also want to assign the policy to a funeral home, because assets going
toward funeral costs are not counted when determining your Medicaid eligibility.
Not exact matches
Payments
toward the
cost of medical and
funeral expenses resulting from injuries sustained in an accident involving a covered vehicle.
The importance of final expense life insurance becomes even more apparent when you consider that Federal programs like Social Security pay only a couple of hundred dollars
toward the
cost of a
funeral and burial.
With a term life insurance policy, your family would have funds available to help them pay for your
funeral costs, take care of utility and other bills, relieve debt, and put money
toward your children's future education.