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January 2018 LTC Newsletter

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LTC in the News

The word is spreading. Major news outlets are letting the American people know the importance of long-term care planning. Are you? Here are a few recent third-party articles.

Top News

Long-Term Care Insurance Tax Deductible Limits Increase

Long Term Care Insurance (LTCI) remains one of the most tax advantaged planning solutions available. Not only are the benefits paid tax-free (IRC 7702b), but policyholders may deduct some or all of their premiums. The Internal Revenue Service has announced it will be increasing the amount long term care insurance policyholders can deduct from their 2018 taxes for owning coverage. Note that the per diem limit for indemnity benefits has not increased for 2018, and remains the same as 2017 at $360 per day. Read more

Failing to Plan: Long Term Care Insurance and The Estate Plan

Benjamin Franklin, the venerable inventor, statesman and intrepid leader, once said, “If you fail to plan, you are planning to fail!” Much the same can be said for the general populace and their attitude toward long term care and estate planning; nobody plans to fail, but they often fail to plan. As producers and advisors, 70 percent of those with whom we will come into contact will require some degree of long term care at some point in their lifetime. Read more

Funding A Tax-Advantaged Long-Term Care Insurance Plan

Long term care is a risk that we all know needs to be funded. In the absence of LTCI coverage, the burden of long term care can shift to family and friends. For high net worth individuals, setting aside sufficient assets dedicated to pay future long-term care expenses is one possible strategy. Unfortunately, self-insuring of future long-term care expenses has its limits: Assets currently grow slowly in today’s low interest rate environment, especially if there are taxes to be paid on the accumulating funds.
Read more

5 Things an Asset-Based LTC Veteran Sees Today

Pat Foley is right in the middle of the action for life insurance policies and annuity contracts that offer long-term care (LTC) benefits. As president of individual and retirement services at OneAmerica, he works for an Indianapolis-based company that has been offering “hybrid LTC” products, or “asset-based LTC” products, before the hybrid products were cool. Here’s a look at five things Foley said he’s seeing in the market for LTC solutions now. Read more

Long-Term Care Marketing Resources

Long-Term Care Planning Solutions – What’s the Best Fit?

The pros and cons of long-term care planning solutions in a simple, easy to use chart. View chart

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Highland Capital Brokerage

Highland Capital Brokerage

Highland Capital Brokerage is committed to developing client-focused relationships with financial advisors using our core competencies of life insurance, annuities, and long-term care. We distinguish ourselves by providing point-of-sale support, advanced marketing, and creative estate and business planning techniques.
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