How prepared are you for an unexpected life event?  If you, your spouse or a dependent child is taken ill and requires long term in-home or nursing care, would you have the financial protection?  Preserving a loved ones dignity is as important as preserving your estate's financial viability.    Long term care could be your family's single largest expense and could devastate your family's financial security.  Let us help you prepare for the unexpected.

If you are looking at setting up an Enterprise OneK, please also read through the benefits of adding Long Term Care insurance for the executives of the company.  Below, we have described the benefits to having Long Term Care Insurance in your C-Corporation.

Long term care insurance has become one of the hottest topics today because most people at least know of someone who is facing an almost impossible situation with the need for in home nurses or a nursing home that cost thousands of dollars a month more than anyone is capable of paying.  We know of one couple who paid $800,000, primarily for in home nurses, over the last five years of their lives.  Many run out of money the first few years, and then have to move into a medicaid facility--something to be avoided if possible.  We recommend discounting this potential liability and turning over the payment on your behalf to an insurance company. 

Everyone should attend a workshop regarding long term care insurance.  We will hold one each quarter-----The biggest winner in the long term care market is the C Corporation if the program is set up properly:

1)  With minor exceptions, you can pick the top executives of your choice to participate, along with their spouses

2)  The premiums are deductible to the corporation

3)  It is not income to the employee

4)  The benefits paid, even if millions of dollars, are not taxable, and

5) Not only is a spousal discount available, but also possibly a corporate discount.

For a C Corp, you should have your own separate meeting to discuss these benefits.  We do not give tax advice, so before enacting any of our recommendations, be sure to get the advice of tax counsel.