Frequently Asked Questions

Frequently Asked Questions

WHAT IS LONG-TERM CARE?
SHOULD I BUY LONG-TERM CARE INSURANCE?
HOW CAN I SAVE ON LTC?
ARE LTC BENEFITS RECEIVED SUBJECT TO TAXATION?
CAN A FEDERAL INCOME TAX DEDUCTION BE TAKEN FOR LTC INSURANCE PREMIUMS?
ARE THERE STATE INCOME TAX INCENTIVES WHEN PAYING LTC INSURANCE PREMIUMS?
HOW ARE LTC INSURANCE PREMIUMS TAXED WHEN PAID THROUGH A BUSINESS?
WHAT ARE THE GIFT TAX IMPLICATIONS OF PAYING LTC INSURANCE PREMIUMS?
CAN A LTC INSURANCE POLICY BE OWNED BY A TRUST?