Is my life insurance policy considered an "asset"?
Dear Senior Legal Line,
I have a life insurance policy and I am wondering how that life insurance policy would be treated if I were to have to go to a nursing home. I understand that some life insurance policies are considered assets for Medical Assistance, and some are not. What is the difference?
I am in my late 70's, but I'm still in good health. I do not have any long term care or nursing home insurance.