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Lifetime HealthCare
Planning Center

The LHCP Center empowers professionals to network with solution and service providers to share best practices, directly access subject matter experts, research, training and resources; and provide thought leadership so we may continue to address the changing needs of the market.

7 min read

Your Wealthy Client Can Self-Insure for Long-Term Care. But Should They?

By Tom Riekse Jr. on 6/6/23 12:12 PM

Let me ask you a question. How much will your long-term care cost?

The answer, of course, is you have no idea. You may be one of the lucky ones who are completely independent and dies of "natural" causes in their sleep. Or you may be diagnosed with early-onset Alzheimer's and need expensive care for a number of years. It's not unusual for people to spend up to $20,000 per month on long-term care (I've got family experience). 

It's often said that LTC Insurance is for the middle class - the poor can rely on Medicaid to pay for care and the wealthy can pay for care themselves. But is self-insuring, or to be more precise self-funding, always the best choice?

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Topics: Long-Term Care Extended Care Limited Care Research/Trends Tax Benefits Limited & Extended Care Planning Center
5 min read

Tax Breaks to Help Offset the Cost of Caring for Parents

By Cameron Huddleston on 3/24/23 10:50 AM

Caring for a parent can take a big toll on your finances. Nearly eight in 10 caregivers report having to cover expenses related to caregiving out of their own pockets and spend an average of $7,242 a year on those expenses, according to a study by AARP. 

Fortunately, there are tax breaks that might help offset the cost of elder care. Find out if you are eligible for any of these federal tax credits or deductions for taking care of elderly parents.

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Topics: Long-Term Care Extended Care Limited Care Tax Benefits Limited & Extended Care Planning Center
3 min read

The Private LTC Insurance Option for Washington State Workers

By LTCI Partners on 5/20/21 11:52 AM

Have you heard of the Washington Cares Fund?  If you haven't, it's the first state run and funded  Long-Term Services & Supports program. Originally signed in 2019 by Governor Jay Inslee, as of  January 1st, 2025, Washington State Residents who need long-term care may be able to claim benefits (based on needing help with 3 of 10 ADLs) from the state and receive a benefit of up to $100 per day up to a maximum benefit of $36,500. Undoubtedly  for many families these benefits are going to welcomed and helpful.  But, of course, someone has to pay for the program.

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Topics: Long-Term Care Tax Benefits

Worksite LTCI and Your Employer Clients

By ARM on 9/4/19 12:44 PM

 

LTCI gives employers the opportunity to reinvest recent tax savings in top employees. Learn more by watching the video below.

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Topics: Long-Term Care Financial Planning Extended Care Group & Employee Benefits Tax Savings Advanced Planning Tax Benefits
1 min read

3 Creative Ways Annuities can Fund LTC Insurance

By LTCI Partners on 7/31/19 9:30 AM

According to insurance industry research group LIMRA annuity sales had their best quarter in nearly 10 years with 62.1 billion in 4th quarter 2018 sales, up 22% year over year. LTCI Partners show you 3 creative ways to use Annuities to fund extended care needs.

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Topics: Retirement Planning Life Insurance & Annuities Sales & Marketing Tax Benefits Prospecting

Worksite Long-Term Care Insurance

By ARM on 6/18/19 1:42 PM

 

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Topics: Long-Term Care Extended Care Group & Employee Benefits Tax Benefits Grow Your Business

10 Most Asked Questions About LTC Insurance

By LTCI Partners on 5/8/19 12:04 PM

What are the 10 most asked questions about long-term care insurance?

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Topics: Long-Term Care Financial Planning Extended Care Benefits Accelerated Benefits Tax Savings Tax Benefits Underwriting & Risk Classification

Life Settlements: Understanding the Life Insurance Secondary Market and its Value to Consumers

By GWG Life, LLC on 3/22/19 3:44 PM

Download GWG LIFE's White Paper on Life Settlements. 
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Topics: Long-Term Care Life Insurance & Annuities Funding Tax Savings Tax Benefits
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