📋 Using Life Insurance for Long-Term Care Costs (AARP Article)

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📋 Using Life Insurance for Long-Term Care Costs (AARP Article)

FROM THE ARTICLE: Strategies that may help you get cash from a life insurance policy if you have long-term care needs.

By Cameron Huddleston, AARP.

*** There are 2 Comments on the AARP website. Stop by to add yours. ***

Published January 10, 2025.

If you own life insurance, you likely bought it to provide a payout to help support your loved ones at the time of your death. What you might not realize, though, is that your policy might be able to support you if you need long-term care.

“I often will tell clients, ‘You may have bought life insurance when your kids were young … Maybe it served you well at the time, but you could repurpose it,” says Erin Ardleigh, founder and president of Dynama Insurance, an independent insurance brokerage in New York.

USE LINK BELOW TO READ THE ARTICLE: https://www.aarp.org/caregiving/financial-legal/info-2025/insurance-pay-long-term-care.html

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