About half of us will require long-term care. For many of us, much of that care will be provided by family, initially by a spouse, and then by children, most often a daughter. Several newer LTC insurance solutions exist to cover informal care expenses, without reimbursement requirements.
Several states are likely to require LTC coverage for residents.
Tax-efficient long-term care coverage can now be built into life insurance policies. Policy buyers know their premium dollars will result in a benefit payout, either in the form of LTC, death benefit, or a little bit of both. No more use it or lose it.
Long-term care insurance is one new way by which consumers can leverage the tax code to their strategic advantage. Teach them how.
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Health Care / LTC Cost FF & Report
