Whole Life Insurance Policy
Investing in a small whole life insurance policy can help an individual accelerate Medicaid eligibility. We can help your client obtain this product. The premium amount for the desired face value is dependent on the age and gender of the insured. If the face value is below the state-specific limitation, the cash value of the policy is considered an exempt resource of Medicaid purposes.
Most states have a face value limitation of $1,500 – exceptions are listed below.