Fox News Interview on Medicaid Life Settlement

Stuart Varney interviews Scott Page of Lifeline, Inc regarding medicaid life settlements. Scott and Page discuss the recently passed Texas State Bill which requires Seniors to be informed of their right to sell life insurance and convert the proceeds to a fund to cover the cost of long term care.

Q:What forms of care are eligible?

A: The fund will pay directly to the provider of:

Nursing Home
Assisted Living
Hospice Care
In-Home Care

Q:How long does enrollment take?

A: The typical enrollment time is 30 days. The actual time to complete the process will vary on the applicant’s ability to provide the necessary requirements for review such as: signed application and authorizations, copy of life insurance policy, last two years of medical records, and offer/enrollment packet.

Q: What states are eligible?

A: A life insurance policy owner has the legal property ownership right to convert their policy into a Long Term Care Benefit Plan in every state in America.

Q:What About Funeral Expenses?

A:A portion of the conversion is set aside for funeral expenses.

Q:What if Mom/Dad passes away before the conversion funds are exhausted on his/her care?

A: Any remaining balance is paid to the family or named beneficiary as a final lump sum payment.

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