Page 72 - Growing Old Without a Plan for Long Term Care is not for Sissies_Neat

54 Growing Old Without a Plan for Long Term Care is not for Sissies you would like for your accountant or CPA to receive a compli- mentary copy of this guide, please contact us. If you are a small business owner, ask for your copy of “Facts for Business Owners and Self-employed”. Disclaimer: This information is basic in nature and subject to change. Check with your tax advisor for up to date limits and deduct- ibility of Long Term Care Insurance. Summary: There may be signifcant tax reduction benefts derived from the payment of Long Term Care Insurance premiums. If you purchase a Long Term Care policy, make sure your tax advisor is aware of the premiums you pay each year. Also, it is important to make sure your plan is a Federally Tax Qualifed plan so you can be sure the benefts you receive will not be taxable.