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. |
|
•
|
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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•
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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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•
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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. |
| |
|
| 2) |
Benefits
to Employees |
|
•
|
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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•
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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. |
|
•
|
Peace
of mind! |
