Life Insurance Policy Can Be Sold For Long Term Care Benefits

Life insurance is legally recognized as personal property and the owner of the policy has rights to sell or trade just like any property owner. For instance, a life insurance policy can be sold for money in the form of a life settlement. It can also be used to convert into a long term care policy. The biggest challenge in this case is educating boomers and seniors about their rights in regards to their life insurance. In the instance of converting life insurance into long term care, the conversion will be done on a private, secondary market exchange for the LTC benefit when the care is needed. For families that are faced with paying for Long Term Care, make sure to you look into life insurance to LTC conversion. And for those who are ever thinking about abandoning your life insurance policy, make sure to educate yourself on your rights as true property owner. You most likely have a very powerful asset that you weren't even aware of.

Featured Posts
Recent Posts
Search By Tags
Follow Us
  • Facebook Basic Square
  • Google+ Basic Square
  • Facebook Social Icon
  • Google+ Social Icon


Glisson-LeBlanc Insurance

Tel:   (941) 232-9690  

         (941) 755-8899

Fax:  (941) 753-2190


Browse our website

Mon-Fri 9:00 AM - 5:00 PM

Sat-Sun - Closed

Available Evenings & Weekends by Appointment

Hours of Operation

Glisson-LeBlanc Insurance is authorized to conduct life insurance business in Florida and may be licensed in other states.  

Glisson-LeBlanc Insurance cannot conduct business instates in which they are not licensed.  

This website is in no way to be construed as an offer for the sale of insurance products in unauthorized states or countries.
Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary, or investment advice.  Neither Glisson-LeBlanc Insurance, nor their representatives provide tax or legal advice.  For answers to specific questions and before making any decision, please consult a qualified attorney or tax advisor.
Guarantees are subject to the claims paying ability of the issuing insurance company.
Glisson-LeBlanc Insurance is not affiliated with or endorsed by the Social Security Administration, the Centers for Medicare & Medicaid Services or any other governmental agency.

© 2017 by Glisson LeBlanc Insurance, Inc.                 WebDesign: