What's your plan for living a long life?
Most people believe they are likely to live a long life past their 80s.
When you live a long life, you are more likely to need long-term care. Maybe you've seen this with an aging parent, a friend or a neighbor.
The real question then is "how will it impact your finances?".
Special tax incentives for people who plan.
Tax incentives are ow available to those who plan ahead.
Business Owners who plan now can take advantage of special tax incentives for tax-qualified long-term care insurance protection. Living a long life is likely. Planning for it is a real necessity and a smart financial move. Long-term care insurnce protection can be 100% tax deductible as a business expense. Plus, owners can choose who is covered, even spouses. Realize that it costs no more to work with an experienced professional. Your long-term care insurance agent can help you get the coverage that's best suited for you and your business.
In a nutshell, business owners can deduct the cost of long-term care insurance protection for themselves, for their spouses and sonetimes even teir parents on a favorable basis. You may use pre-tax corporate dollars to pay for your post-retirement asset protection.
A word of caution. Waiting can be a big mistake because you must "health qualify" for long-term care insurance coverage.