Can You Transfer a Whole Life Insurance Policy to a Term Policy Without a Medicaid Penalty?2022-01-272022-01-27https://www.halllawgroup.com/wp-content/uploads/2019/03/new-law-office-of-jeffrey-hall-pc-4.jpgLaw Office of Jeffrey Hall, PChttps://www.halllawgroup.com/wp-content/uploads/2019/03/new-law-office-of-jeffrey-hall-pc-4.jpg200px200px
Most likely, no. It is no different from someone using cash to buy a paid-up life insurance policy. Medicaid would almost certainly treat this as a transfer of assets to the beneficiary of the policy.
For more information about how life insurance can affect your Medicaid eligibility, click here.
