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The Basics Of Long Term Care (LTC)

The Basics Of Long Term Care (LTC)
The Basics of Long Term Care (LTC) Levine Insurance Advisors What is Long Term Care? • Long Term Care, or LTC, is the kind of help you require for taking care of your personal needs, such as bathing, dressing, eating, continence, toileting and transferring. • You might need this kind of help because of chronic…
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Why Is Long-Term Care Coverage So Important?

Why Is Long-Term Care Coverage So Important?
DID YOU KNOW? -At least 70% of people over 65 will need LTC services or support at some point. -67% of all LTC insurance benefits are paid for care received by women. HOW MUCH WILL LTC COST? -According to the Genworth 2014 cost of care study, nationally the annual cost for LTC is approximately $97,600.…
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What Are Executive Bonus Plans?

What Are Executive Bonus Plans?
Executive Bonus Plans, often referred to as section 162 Bonus Arrangements, are a simple and cost effective way for the employer to provide an employee with supplemental retirement income. In this situation the employer provides a bonus to the employee in the form of a premium payment on a life insurance policy. HOW IT WORKS:…
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What Is A (SERP) Supplemental Executive Retirement Plan?

What Is A (SERP) Supplemental Executive Retirement Plan?
An employer uses a SERP to provide additional retirement income to a key employee. A SERP is the opposite of a salary deferral plan. Its a non-contributory plan, meaning the employee does not contribute to a SERP, rather the employer is responsible for funding the benefit. Its an excellent way for an employer to compensate…
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Why Long Term-Care Coverage?

Why Long Term-Care Coverage?
Can I Use My Life Insurance To Pay For Long-Term Care? Life Insurance Policies with Long-Term Care Benefits Sometimes long-term care benefits are included in a life insurance policy or are sold as a rider to a life insurance policy. With one version called "Accelerated Death Benefit", your insurance company pays you a reduced amount…
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