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Long Term Care
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A Long Term Care policy may be beneficial in protecting your
assets from being diminished by the need for expensive health and age related
care.
In 15 years, 75% of Americans aged 65 and older will require
long-term care. Of those who enter a nursing home, approximately one in ten
will be there at least three years according to the latest statistics.
If you or your spouse ever need long term nursing care, there's
no way to know how long you'll need it ...
A tax-qualified LTC policy under the federal tax laws means the
premium for your LTC policy may be Tax Deductible. And one policy can now cover
two people and if you never need long-term nursing or home health care the
money can pass to your heirs or charity.
The Pension Professionals has
available a variety of Long Term Care tools to meet the needs of each
individuals unique situation.
These tools include:
Who should consider Long Term Care insurance?
Many planners refer to Long Term Care insurance as "asset
protection." Individuals need to have assets worth protecting in order to
justify the purchase of a policy. (Medicaid eventually pays for Long Term Care
services once an individual becomes impoverished).
In other words, if you are able to pay Long Term Care insurance
premiums without having to change your lifestyle - you should transfer that
risk to the insurance company.
Health is another important consideration. The state of one's
health is a determining factor in one's ability to secure Long Term Care
protection. This sometimes poses a problem as people don't often consider Long
Term Care insurance until an unfortunate event has affected their health or the
health of a loved one.
The Pension Professionals can assist you and your financial
& legal advisors in providing cost effective and tax advantaged Long Term
Care protection.
The Pension Professionals can also provide you with
Asset Protection,
Estate Planning,
Retirement Planning, and
Income Tax Savings in a manner that will not be
attacked by the IRS as tax evasion at some later date.
Contact the Pension Professionals of Florida today
to determine the best Long Term Care policy for your situation.
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