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Long Term Care Insurance, A Business Asset
A new 10-pay program makes it easier than ever for business owners and executives to afford long term care insurance. You can now completely pay for LTC coverage in just 10 annual installments. With everyone living longer, this is quickly becoming the most important insurance in America.
If you and/or your spouse need long term care, your life savings can quickly and drastically be depleted. Yet most Americans have no LTC insurance. LTC coverage can help you pay the costs of assisted living facilities, adult daycare, nursing home living, and even in-home care. It can help you protect your life savings and your degree of financial independence.
Did you know that you can deduct LTC insurance premiums? Business owners and executives may do so – it can reduce a company's taxable income, and provide an owner and key employees with an insurance benefit as they leave the business. If an executive leaves after 8 years of the program, they can make the remaining 2 payments and have a wholly paid solution.