There are many types of policies available – whole life, term, universal life, etc. There are also many ways to own the policies – individually, through an insurance trust, by relatives, and by business partners. Each of these options will have different tax ramifications. LBO can guide you to choose the best option.
Long Term Care Insurance
You have worked hard to accumulate savings for your retirement. You should use that money the way you intended not on unforeseen long-term care costs. There are many misconceptions about long-term care. The most common one is Medicare pays for it. The truth is neither Medicare nor private health insurance covers long-term care expenses. We can provide guidance on various alternatives such as individual or group plans.