Can Nursing Homes Take Whole Life Insurance? 
That is a great question ! I 'm thinking that the circumstances for asking it are not . It seems as if you are asking if the nursing home can take or somehow be paid by your life insurance policy . Is that correct ? You will get into some legal ground that I am not able to go , but I feel safe saying that I do n't believe there is any way legally that they can take that to pay for services rendered . That said , if this was your ONLY way to pay for the services , and I repeat ONLY , way -LRB- no family , other salable assets , etc. -RRB- you can probably assign the policy to them . That transfers ownership of the policy to them , and allows them to name themselves as the beneficiary , so they get paid , and not you , when your loved one passes . That leaves you with no assets for the loved one 's funeral , so it 's not a real good option . If you 've had the policy for a while , it may have a decent amount of cash value built into it that you could borrow from . That would help for a little while , and is a better option . If I 'm guessing correctly that this was your intent with this question , please contact me so that we can discuss your options in more detail , okay ? Good luck , and thanks for asking ! 