Why it Works

People are diverse. There are many reasons why Long Term Care planning works.

What is your why?

Some of the most common are:

1. Many don’t want to be a burden on their family—they understand their adult children have families of their own, careers, and may not live close by.

2. Most want to protect their assets and portfolios, using their tax-free benefits for care or as a bridge to using their own funds. Allows time to liquidate assets for cash and manage tax ramifications.

3. Freedom of choice for where, when and who provides care. Stay at home? Move to assisted Living? The choices are yours.

4. Independence matters— LTC plans give you options. It is portable so it can be used in a state other than where it was purchased. Use it for home health care, assisted living, or nursing home care.

5. Tax-free benefits—benefits are not included in your income, helpful for any income-based benefits later in life, like Medicare premiums.

6. Tax deductions on an age-based chart. Special deductions for sole proprietors and business owners.