The Impact of Needing Care to Business Owners
and Their Families is Significant.

Planning while you’re young and healthy can:

• Protect you, your family and your business partner against any unforeseen circumstances
• Give you the insurability against health changes that could likely happen during your working years
• Allow you to qualify for more discounts, e.g. preferred health, spousal, group or association, and ensure you pay the least possible premium during your lifetime
• Give you the option of paying for your coverage over a limited period (1, 5, 10, or 20 years) or be
• fully paid up at age 65, or the option of reduced (50%) premiums after 10 years
• Maximize the tax advantages available to the benefit of the owner(s) of the business, while insulating their personal assets from this devastating financial risk

A Unique Opportunity – Using Corporate Dollars to Protect Personal Assets

• 1997 HIPPA legislation allows business owners to use “corporate dollars” to protect “personal assets” by paying the cost of Long Term Care insurance through their business.
• Tax qualified Long Term Care insurance provides significant tax advantages compared to other insurance products often purchased in the workplace.

S-Corporations, Sole Proprietors, Partnerships, and LLCs can deduct premiums up to the annual limits established by IRS each year.

• Tax deductible premiums can apply for the business owner, their spouse and other eligible dependents
• Ability to “carve out” specific key employees such as owners or partners as a specific class
• Tax-free benefits Owners of C-Corporations benefit from unlimited deductibility of their LTCi premium.