Long-Term Care Insurance has many tax benefits that help American families plan for the financial costs and burdens of aging. The IRS has released the 2020 deduction limits for individuals and business owners.
www.ltcnews.com has been redesigned to provide more tools and resources to help American families plan for the financial costs and burdens of aging. Planning for long-term care is an essential part of retirement planning.
The number of American families benefiting from Long-Term Care Insurance continues to rise. A new claims study indicates the major companies paid over $28.22 million a day in long-term care benefits in 2018 alone … over $10.3 billion annually.
Longevity has become a key part of retirement planning. The costs and burdens of aging impact high net-worth families as well as those with minimal savings. Long-Term Care planning is prudent for both.
The Long-Term Care Insurance Industry paid $9.2 Billion in benefits in 2017 alone, an increase from $8.65 paid in 2016. Policies are paying huge benefits reducing financial and physical burdens placed on the American family.