Will Medicaid Take My Life Insurance? 
Absolutely yes , Medicaid will take the cash value of your life insurance policy , if they spent money on long term care for you . The cash value is one of your assets and can be ceased . There are things you can do , however . I urge you to speak either with me or some other capable person , to establish an ILIT . That is an Irrevocable Life Insurance Trust . If done a few years in advance , you can shield all of the cash value of the policy in this special trust , and have your beneficiaries get all of it without being ceased . Love to discuss it . GARY LANE . garylane@cox.net . 714 422 9616 . 