Plan with Purpose

When you need care for a qualifying accident or illness, you can use your plan’s tax-free benefits for care instead of using your hard-earned retirement funds (taxable) or savings. Your partner/spouse won’t have to cut their hours or quit their job entirely to help with your care. Turn your plan ”on and off”, use it for your accident/illness, and the balance is there for later use.

Your monthly premium is fixed and guaranteed—easy to budget—no surprises. You protect your portfolios for uses other than care. Your plan benefits are tax-free and not considered income, so no impact for Medicare premiums and other income-based related benefits. Use your qualified funds or inherited IRA to pay for premiums. Pay in full or over a number of years for easier monthly payments.

There are options available for people up to age 85. 1035 exchange is perfect for cash value in life policies or annuities with growth. When you transfer those into an LTC annuity, the growth becomes tax-free when used for long-term care. Without the 1035 exchange, growth from the annuity is subject to capital gains, which can increase your income for Medicare premiums and other income-based benefits.

Women typically live longer and need care longer. Wage gaps and career interruptions cause women to have less in retirement funds. Others may not have divorced “well”. Women are the main caregivers, but when their time comes, they may not have the funds (most used on spouse/partner) or someone to help care for them (spouse/partner has passed). LTC plans provide guaranteed security with care in your apartment, condo, or home. When the time comes, use it to help pay for assisted living.

Men typically need care and go on claim first. Relying on their spouse/partner who is typically around the same age and could be much smaller or frailer is a recipe for disaster. Use your plan to pay for care while your significant other supervises and remains your loving companion. Without a plan, money could possibly be depleted using it for your care, leaving your loved one with close to nothing for their own care when the time comes.

Individual or joint LTC plans provide funds, security and dignity when you need it most.

When you enter into a new relationship be prepared and respectful. Have your LTC plan in place—your significant other should do the same. If you both are new to LTC planning, do it together, protecting your assets and new lifestyle.

Most adult children are concerned about their “inheritance.” With your LTC plan in place, there are tax-free funds for care, leaving other monies and assets intact.

Protecting our families is the most important action we can take. We create a warm, loving, secure environment for our family to prosper. When a LTC event happens—accident or illness—the family dynamics are altered dramatically. Having a LTC plan in place can ease the angst. Education, career and recreational activities will be altered less when a professional care provider is there to help. The burden shifts and stress lessens when your family can supervise rather than provide care. Tax free benefits will help keep your other assets invested and on track. Your LTC plan protects your assets, family and  their lifestyle. It really is a gift to them.

At any place, at any time, a long term care event can happen. Most LTC plans include international benefits. Some partial, other 100%, and still a few none. If you see yourself living abroad, be sure to know what international benefits will go with you.

Of note: Benefits can be used throughout the USA—get your plan in one state and use it in another. Plans are portable.

There has been a lifetime of discrimination for this segment of society, resulting in adverse effects on professional careers and, most notably, the institution of marriage. Individuals were not able to historically enter into and form the types of stable and long-lasting family units that most people rely on as they age. Todays’s LGBTQ seniors are 2 to 3 times more likely to be single, no children, living alone than non LGBTQ+ seniors, forcing them to rely solely on paid caregivers. LTC plans provide guaranteed security, control and choice—you manage how your tax-free benefits are used for care.

LTC planning provides leverage. Wealthy people understand leverage and the use of “other people’s money.” A relatively small premium creates a significant and immediate much larger benefit. 

LTC plans can be an essential asset to help maximize and protect existing financial resources. It provides Risk Mitigation, Cash flow management, Opportunity cost, and Income tax-free benefits.

We work closely with your attorneys, CPAs, wealth managers and other professionals, one -on-one to provide Long Term Care security. Weather a shorter plan to provide time to liquidate and structure tax consequences, or a longer more robust plan.

The federal government encourages LTC planning by providing generous Tax deductions. Whether C corp, with premiums paid by employee or paid by employer, or S Corp deductions ‘taken above the line’, valuable deductions are available. Your business benefits financially, and LTC benefits encourage longevity and security for your staff and C Suite. LTC offerings are a value added for attracting talent. HSAs for highly paid employees can be triple tax free when used to pay LTC premiums. 

Sole proprietor or gig worker? Retired and consulting? If you file a schedule C your premiums are usually deductible. Contact us for the new 2026 tax guide.

LTC planning is an intricate part of people’s financial plans. It is part of, but separate from, providing guarantees and security while their other money continues to work for them. When the time comes for their charitable giving, desire to buy a second home, etc., you/they won’t be hindered by the “what if I need to use that money for my care” syndrome. Having a fixed, guaranteed amount for care frees up a similar amount for other pursuits. The tax deductions for premiums matter—for individuals as well as business owners, including sole proprietors and gig workers. We work closely with Estate Attorneys, CPAs, Wealth Managers and other Financial Professionals helping their clients get the security they deserve.