This week is about tax deductions and tax savings with LTC insurance. Individuals and business owners often overlook the tax advantages that a long term care insurance plan offers.
Listen and learn who can use what kind of tax planning when funding their LTC plan.
Disclosure: I am not an accountant or tax advisor. I'm simply sharing what tax saving strategiesa are available. Consult your CPA or tax advisor for specifics to your situation.
Note: I mention non-forfeiture benefits on traditional LTC plans. This rider lets a policyholder cancel their plan any time after three years AND RETAIN BENEFITS EQUAL TO PREMIUMS ALREADY PAID. I left this last part out in the recording.
Estimate LTC insurance rates for 6 year plans with 3% inflation growth here
See what Medicad let's us keep in different states currently here
View median costs of care in various settings where you live here
Schedule a phone or Zoom meeting here
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