Sep 16, 2015 - 01:54 PM
The policy can very likely be kept as long as someone else pays the premium. If it is economicly feasable I would continue to pay it. That is if it is a $100,000 policy and it costs $50 per month. Your father could live many years and you would still get more in insurance proceeds at his death than you pay. Make sure you are the beneficiary. If it goes to his estate then MediCal can recover it from his estate after he is gone.
I hope this helps.