4 reasons to offer executive long-term care insurance
TRANSCRIPT
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.