Building Loyalty and Retaining Top Talent
Known as the “Golden Handcuff Insurance,” Long Term Care insurance added to your
Executive Benefit plan can make a good package even better.
- Boosts employee morale and job satisfaction; which in turn enhances productivity
and loyalty.
- When employer-paid, 100% of the premiums can be deducted as a business expense.
- Plan can be discriminatory, offering benefits only to key managers, executives or
any specific personnel deemed by the company.
Provides Favorable Tax Advantages for Businesses
Businesses that operate as Self-Employed, Subchapter C, Partnership, S Corporation
or LLC have favorable tax advantages.
More and more Americans, including many healthy, working-age adults, are likely
to need long term care at some point in their lives; and that need comes at a cost.
Why Extend Long Term Care Insurance Coverage to Your Key Executives and Their Spouses?
- 56% said they were less productive at work when involved in caregiving situations2
- 51% had to take time off during the work day2
- 30% reported being absent for at least a full day2
- 10% had to give up work entirely2
- Companies lose billions in productivity annually2