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4 Reasons to Offer Executive Long-Term Care Insurance

4 Reasons to Offer Executive Long-Term Care Insurance

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4 Reasons to Offer Executive Long-Term Care Insurance

It’s a Symbolic Benefit

Long-term care insurance is not a Golden Handcuff or other similar paid-up executive arrangement. The value of this benefit will be experienced 20-30 years past their employment.

Implementing an Executive LTCI Plan sends a message of importance to the C-Suite and key employees. Recruit. Reward. Retain.

Timing is Right

The demographics aren’t lying.

Most C-Suites are at the ideal

age and are personally

connected to the issue from

experiencing a long-term care

event with family or friends.

The employees are also going

through caregiving situations --

and this demand is beginning to

surface within the workplace.

Healthcare is Front-of-Mind

The Patient Protection and Affordable

Care Act (PPACA) pushed Americans to

think about healthcare now and in

retirement.

The expectation that the cost of healthcare

will be the biggest expense throughout

retirement has increased over the past

year:

- Pre-retirees (51%, 2014 vs. 43%, 2013)

- Don’t own LTCI (45%, 2014 vs. 33%, 2013)

Favorable Tax Treatment

The “Triple Play”

- Premiums are tax deductible

- Plans are not part of the Cadillac Tax and ability to carve-out

- Benefits are usually paid tax-free

Copyright 2015 LTCI Partners, LLC. Products may not be available in all states and product features may vary by

state. If available, invitations for application for LTC Insurance are made through licensed advisors of LTCI

Partners, Lake Forest, IL, the agent in any application; in California and Utah, dba LTCI Partners Insurance

Services. Cal. License # 0D51716. LTCI Partners or its licensed representatives are currently licensed in all 50

states and the District of Columbia. License numbers are available upon request.