X-Message-Number: 31005
From: 
Date: Fri, 29 Aug 2008 14:01:19 EDT
Subject: re insurance cash out

Content-Language: en


In a message dated 8/29/08 2:06:05 AM,  writes:


> . Marce's and Walt's cryonics insurance policies had been cashed-out and 
> used for her nursing home care.aC 
> 
> Recently I was faced with the same situation of having to apply for 

> MaineCare, the same thing as Medicare. The paperwork asks you about insurance,
and 
> it's something you have to liquidate before you qualify. So even if I had a 
> policy it would be gone today.
> 
Mr. O'Rights brings up a strong point here... I hadn't even thought about it. 
  I know that an insurance policy when paid cannot be used to settle debts on 
the estate as I understand it,   so the beneficiaries would be able to get 

the payout under any circumstance,   but to have the insurance cashed out prior
to your death would be distressing to say the least.   So... no long term 

care in a nursing home?   How best to avoid that should it arise?   Refuse care?
 What if I am incapable?   I guess a living will with refusal of long term 
care is possible?

Love to hear thoughts on this ASAP.

thanks,

Mike D Los Angeles 


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