A guide to understanding long-term care insurance |
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Authors: | Gordon M |
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Institution: | MAGA Limited, Deerfield, Illinois, USA. |
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Abstract: | Long-term care insurance is an increasingly popular benefit that has a number of advantages for both employers and employees. This coverage can protect employee assets and retirement savings and can be offered as a tax-free benefit if the plan is qualified. The premiums can be tax-deductible to employees, and the benefit is portable, since the policy is owned by the employee. |
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