Long Term Care insurance benefits
grow in value after retirement
Business owners in search of a year-end tax deduction are increasingly opting for
a little-known but highly valuable benefit that can be offered on a selective basis
within a business.
Offered selectively means that the business can provide the benefit exclusively
for certain groups or classes within the organization such as the business owners
and spouses or for key employees and their spouses. The benefit also can be provided
for the entire work force if desired. Funding this benefit can help small and large
business owners move money out of the company tax-free while providing a very important
and valuable benefit.
http://www.emaxhealth.com/cms/?m=show&id=3959
Basic retirement planning with Long Term Care
As the number of Americans entering retirement increases sharply over the next 20
years, many are buying
Long-term care (LTC) insurance
An insurance policy that pays benefits for skilled care and personal care assistance
to the insuree that is necessary to cope with normal living activities such as eating,
toileting and dressing.
Long Term Care
insurance. Long Term Care insurance provides financial support if you become unable
to perform basic activities of daily living
Activities of Daily Living (ADLs)
Basic and essential activities of daily living that are generally reimbursable from
long-term insurance. The six activity categories include bathing, eating, dressing,
continence, toileting and transferring. Transferring is moving between two places,
as simple as moving from a bed to a bathroom or kitchen.
ADLs
.
http://money.aol.com/basics/3canvas/_a/retirement-planning-long-term-care/20050225134209990015