Tom Riekse, CLU, ChFC, is the managing director of LTCI Partners, an NFP company. Tom may be contacted at [email protected].
One key benefit of 10-pay plans is that premiums are guaranteed never to increase during the payment period.
In the next few years, looming demographic challenges for both caregivers and the aging American population will pose additional complications for the cost of long-term care.
A “once and done” approach to paying for LTCi has many advantages for clients, but advisors also must make them aware of potential tax disadvantages.
