[Rick Lee]

Lots of people are in nursing homes without being on Medicaid. However, if they're on Medicaid, they have to file an annual report on life insurance cash value, which would be considered an asset. It takes two years for any cash value to accumulate from the start of a whole life policy. So, if they're already on Medicaid, the way around that is to have the beneficiary also be the owner. Then, once the cash value starts to accumulate, it belongs to someone else right away.