Long-Term Care Insurance for Executives

“Corporate-paid Long Term Care insurance (LTC) executive benefit plans have more potential value than most people can imagine.”

As stated in the National Underwriter (publication dated 8/2/2004 – Vol. 108, No. 29):

In a properly designed LTC insurance benefit plan, premium is fully deductible to the employer while premium value and future benefits are not taxable to the executive.  The executive is owner and beneficiary of the policy.

The LTC insurance plan covering an executive and spouse creates a lifetime potential multimillion-dollar tax-free wealth preservation value.

Windows of opportunity have a way of disappearing. Executives retire, become uninsurable or otherwise lose access to benefits.  Government tax policies also change.

This makes today’s options potentially unavailable in the future.