Many of us are comfortable in our own homes. As you or your loved one has an increased need for care, staying at home can be the most comfortable option. But the average cost of in-home care assistance is $4000/month, which doesn't include the modifications needed to make a home senior friendly.
Sometimes health insurers will pay for part for this care but not always. While Medicaid may cover some expenses for low-income individuals, the waiting lists can be long, and what is covered varies from state to state. Another option might be and Home Equity Conversion Mortgage (HECM), also known as a "reverse mortgage," which allows an elder person to access the equity in their home while they're living in it.
Selling a life insurance policy may be able to pay for a significant portion of in-home care, or to pay for the work needed to modify the home to support you or your loved one while they age in place. If you have a policy that qualifies, it's worth getting it appraised as a way to understand all your options.