Long Term Care Insurance can protect your assets in retirement and provide funding for a long term chronic care situation.  Sadly, for most of us, needing long term care is not an "if we will need it" but rather a "when we will need it."   In addition to protecting assets for an individual long term care can also be an excellent Executive Carve-Out Benefit for Owners and Key Employees.

​

*Not only can businesses customize the Long Term Care Insurance Benefit (and make them exclusive) to certain employees but the the company can write off some, if not all, of the premiums as a legitimate business expense.  In addition, the benefits are received income tax free to the policy holders.  

Long Term Care Insurance policies are not guaranteed and require underwriting.  However, for the uninsurable, it may be possible to leverage or use an annuity for long term care protection.  

In addition, new trends in Long Term Care Insurance Planning include Life Insurance Plans with a Long Term Care or Living Benefits Rider attached.   These plans have some unique benefits including:  Life Insurance Protection, funds for Long Term Care if needed, and alleviation of the concern of paying money into a Long Term Care Insurance Policy and never using it or not getting much in return.  It addition, it's possible to transfer an existing life insurance policy or annuity into a similar long term asset (called a 1035 Exchange - which could provide some potential tax advantages especially if converting a non-qualified annuity).

​

===================================================

Determining which Long Term Care policy is right for you, your executives, or your company requires an evaluation of many factors including:

​

Current vs Projected Long Term Care Costs

Current and Future Health Care Laws and their impact on Long Term Care

Medicare Eligibility

Needed Coverage and Desired Benefits (Home Care, Nursing Home, International Protection, Home Modification, Spousal Coverage, etc ...)

Premium

Affordability

Current Health and Financial Situation

Desire to Recoup Premium Payments

Ability to acquire Long Term Care via your employer or from your personal business 

​

​

We'd be happy to speak with you about your particular situation.  As a starting point, we can provide you with a few quotes for your review and evaluation (we will need some information to do this).   

​

Please contact us or click here for LTC quotes.

​

​

*Please note, all concepts, strategies, and products mentioned may not be suitable for you or your company. Information provided is not intended to be legal or tax advice. Please consult with your tax and legal advisor for specific tax questions.

Individual Insurance Plans

 Long Term Care