Life insurance often considered long term care coverage alternative in Maine

Elderly selling their life insurance to get pay out

A new bill in the state could offer consumers a more affordable form of LTC coverage. Seniors living in Maine and who are reliant on the MaineCare program, which is currently strained for cash, may find that a new opportunity is opening up to help them to obtain long term care coverage – which is traditionally quite expensive – through life insurance policies, should lawmakers decide to pass a new bill. This bill does have a notable amount of support already and is currently under debate in the Legislature. The…

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