Federal Tax and Long Term Care Insurance

Long Term Care Insurance (LTCi) policies that are federally qualified are subject to various tax treatments depending upon who is paying for the policy, who is receiving the benefit, and the age of the policy benefactor. The tax advantages described in this article are current with 2018 tax regulations, though readers should seek the advice…

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A Primer on Long Term Care Insurance

Long Term Care Insurance-A Primer

The Need for LTCi According to an August 31, 2017 article by Christine Benz for Morningstar (http://news.morningstar.com/articlenet/article.aspx?id=823957), the following statistics identify the need for Long Term Care insurance (LTCi). 46.7% of men turning 65 will have a need for long term care in their lifetimes. 57.5% of women turning 65 will have a need for…

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Long Term Care Q & A

What events will trigger a LTC policy and are the benefit “triggers” clearly spelled out? For a long-term care policy to be triggered, you must be unable to perform at least two activities from a list of Activities of Daily Living, or ADLs. These activities include things such as bathing, eating, dressing, getting in and…

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Long-Term Care Alternatives

Long Term Care

Statistics indicate that seven out of 10 Americans over the age of 65 will need some form of long-term care (LTC) services during their lifetime. In addition, four out of 10 Americans over 65 will enter a nursing home and two out of 10 will remain there for at least five years. Long term care…

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