Does Life Insurance Cover Long-Term Care?

Does Life Insurance Cover Long-Term Care?

New York residents will now be able to use some of their life insurance policy to cover long-term care expenses, according to a press release.

“By passing this law, we no longer burden taxpayers with the long-term care expenses needed by the growing senior population and we’ve given thousands of seniors a creative and costsaving way to cover their care,” said state senator Jeff Klein.

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