Would you like to offer yourself, your partners, and select employees (and spouses) an extremely valuable benefit that they can keep for their lifetime? One that you can decide whether you or they pay for?
Tax qualified Long-term care insurance used as an employee benefit can accomplish a number of goals for a business owner, employees, and in many cases even spouses or other family members.
One of the objectives of this benefit is to allow you or loved ones to receive care at home and quite possibly stay out of a nursing home someday. How valuable might that be?
If you or someone you know has ever had to
- Care for someone who could not perform an activity of daily living, either in their home or yours:
- Using the bathroom
- Transferring (walking)
- Hire aids to do this for someone
- Put someone in a nursing home or assisted living facility
- Deal with the financial effects of paying for these facilities
Then you know how valuable it may be to have a long-term care policy that may very well be able to help with these issues.
For more information, please call us for a discussion as to whether it can work for your business.
Please consult your tax and/or legal advisor before implementing any tax and/or legal related strategies as IFP does not provide tax and/or legal advice.