Centerville was first settled by Thomas Grover in the fall of 1847. The community was originally known as Deuel Settlement, but was renamed to Cherry Creek after the Cherry family arrived.
Full Indemnity Policy. With a full indemnity policy (sometimes called a flexible cash benefit or cash model), once you simply require long term care the insurance company pays you a monthly benefit. You receive these payments regardless of your actual expenses. Imagine your policy provides a $6,000 monthly benefit.
If your policy does have high cash value, there is a law that allows you to retain some of the death benefit and use your cash to pay for your nursing home care. Or, you can transfer ownership of your policy to someone else, if it will be at least 5 years before you need to use long term care, and if you do not have the resources to pay for it in other ways. The nursing home will not take your life insurance policy. It will be evaluated along with all your assets, if Medicaid is needed.