Long-Term Care benefits are now even offered to Federal
Government employees! This is the next boom in benefits planning. Here
are some powerful points for agents approaching employers:
| 1) |
Benefits
to Employers Paying Premiums |
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Can
Discriminate per IRS Section 105
Company can pay for coverage for any employees they choose.
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Premiums
Now Deductible Up to 100% (C-corps)
Actual Cost of Insurance Discounted by Tax Rate .
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All
Claim Benefits Received are 100% Tax Free |
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No
Annual Administration Costs |
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No
Capital expenditure required - Employees pay all premiums
Employers may elect to pany none, some or all of employee premium
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Productivity
losses will be reduced by encouraging the parents of employees to
participate in the plan. |
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Provides
a competitive advantage in attracting and retaining key employees. |
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Helps
identify employer or association as a progressive organization. |
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Offering
a plan on a voluntary basis to employees and their families promotes
peace of mind, higher morale and increased productivity. |
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| 2) |
Benefits
to Employees |
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Protection
against the single greatest threat to retirement savings, assets
and standard of living of the well spouse. |
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Preserves
independence and choice in receiving benefits. |
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Coverage
available at lower group rates. |
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Simplified
and/or reduced underwriting may be available. |
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Family
memebers and parents are eligible group members. |
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Flexible
Coverage Options - Plans can be tailored to meet individual needs
and budgets. |
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Peace
of mind! |
