LTCi Sales Ideas Using Inflation Protection to Reach a Desired Premium The Need The cost of everything from gas to groceries is certain to be higher down the road. The same is true for long-term care services. That’s an important reason to recommend your clients purchase a long-term care policy and that they include an inflation protection rider for an added measure of security. Today’s Reality At today’s prices, most people simply can’t afford to pay for long-term care services out of their own pockets. With the national average cost of a home health aide approaching $60,000 per year, a
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Lumico Rate Adjustment (Oklahoma)
The following rate adjustments are effective January 1, 2020 for new and in-force business in Oklahoma. Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Oklahoma 3.0% 0.0% 3.0% 0.0% Marketing Materials: For your convenience, below is the new Outline of Coverage. New applications can be ordered through normal channels. Click to download the new Oklahoma Outline of Coverage Lumico — Insurance Made Clear. #goldencareagent #lumico
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Lumico Rate Adjustment (Missouri)
The following rate adjustments are effective January 1, 2020 for new and in-force business in Missouri. Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Missouri 9.0% 9.0% 8.0% 8.0% Marketing Materials: For your convenience, below is the new Outline of Coverage. New applications can be ordered through normal channels. Click to download the new Missouri Outline of Coverage Lumico — Insurance Made Clear. #goldencareagent #lumico
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2020 Tax Deductible Limits For Long-Term Care Insurance Announced
The just announced increased 2020 tax deductible limits can be a significant benefit for those with tax-qualified long-term care insurance policies according to the American Association for Long-Term Care Insurance. “Tax deductibility for your long-term care insurance is a great subsidy especially after retirement, but only a small segment of newly purchased long-term care insurance policies offer the tax deductible opportunity,” explains Jesse Slome, director of the American Association for Long-Term Care Insurance (AALTCI). The Internal Revenue Service just announced the increased limits for tax deductibility of long-term care insurance premiums. According to IRS Revenue Procedure 2019-44, a couple age
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