Traditional LTCI policy now Offering a Guaranteed Premium
Good news! NGL now offers a traditional LTCI policy with a guaranteed premium that can be paid over 10 years. This ONLY applies to their new 10-pay product. They’re finally addressing one of the complaints with Traditional Stand-Alone LTCI – the premiums always go up. Please note – premiums on lifetime pay products can still increase.
A Simple Way to Explain LTCi’s Impact On Tax Planning
Think about clients who have money in IRAs, annuities or other brokerage accounts that they are using for emergency funds. Instead of leaving the money in a taxable account, consider repositioning those tax-inefficient dollars into a tax-free solution that offers additional leverage.
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Gender and Insurance Costs
Premiums are based on risk and on factors allowed by law. Depending on the type of insurance and where you live, gender may be considered a risk.
Covering Long Term Care Costs
Everyone has options to cover long term care costs. LTCI is one option. There are others. Brian Gordon talked about this with Kevin Price on the online radio show, Price of Business.
To help determine if long-term care (LTC) insurance is right for you, we are offering a FREE informational guide. This is a comprehensive booklet that will answer many of your questions about tax breaks and incentives for LTCI for federal and state taxes.
To help determine if long-term care (LTC) insurance is right for you, we are offering a FREE informational guide. This is a comprehensive booklet that will answer many of your questions about LTC and assist you with your health care planning.