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DivaTara Asked May 2017

Mom is not currently in a nursing home, but if that ever comes to pass, will they be entitled to her term life insurance policy if she dies after staying in a NH and there are remaining bills?

I took out a term life insurance policy on my mother last year to help cover funeral expenses. I pay the premiums and I am the beneficiary.

JessieBelle May 2017
The money will belong to you as the beneficiary. No, the NH could not take it if money was owed. You may want to look into getting Medicaid for help if her money is to run out. It will help to keep her from owing the NH.

notrydoyoda May 2017
Since you are the beneficiary, I don't think so.

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