Commentary: Life insurance can help fund long-term care

Seniors who face the possibility of lapsing or surrendering a life insurance policy can exchange the policy on secondary markets to help pay for long-term care, writes Chris Orestis of GWG Life and Life Care Funding. The proceeds from selling a policy can be used to fund a long-term-care benefit plan or an immediate-need income annuity, Orestis writes.

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