Long Term Care is one of the fastest growing benefits for executives and professionals. These high-income earners often fail to include health care and long term care in their retirement planning. Specially designed plans can offer a wide spectrum of benefits to meet varied individual objectives.
From a tax standpoint, LTC is an efficient form of compensation. Most of the premiums are tax deductible for the sponsoring organization, while generally not included in the taxable income of the participant. The benefits are tax free. In addition, multi-life plans can produce substantial premium discounts compared to individual LTC policy purchases.
