Qualified Long-Term Care

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Qualified Long-Term Care

Non-taxable benefits one receives from a long-term care insurance policy covering a long-term, non-life-threatening condition. In order for the benefits to be non-taxable, one must require care for at least 90 days and must be unable to perform at least two of the activities of daily living. Qualified long-term care was instituted in the United States in 1997.
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With such riders, the death benefit of the VUL policy can be accelerated, in certain circumstances, to pay for qualified long term care services.
Representative David Hobson (R-Ohio) In March, Hobson introduced the Long Term Care Insurance Act of 1999 (HR 1261), which would provide individuals who purchase a qualified long term care insurance policy a phase-in, full tax deduction for premiums.
New York state approval of the Acceleration of Life Insurance Death Benefit for Qualified Long Term Care Services Rider.
New Life Manager software to illustrate the improved rates for Nationwide ULtimate Universal Life(SM) and the Acceleration of Life Insurance Death Benefit for Qualified Long Term Care Services Rider in New York.
com)-- The majority of individuals who purchased a new life insurance policy that offered a tax qualified long term care insurance rider did so before turning age 55 according to findings reported by the American Association for Long-Term Care Insurance.
The revised Travelers Special T is one of a number of innovative financial products introduced by Travelers Life and Annuity recently, including Travelers Elite Protector survivorship life insurance; Travelers Portfolio Architect individual variable annuity; Travelers Gold Track group variable annuity; and Travelers' new Qualified Long Term Care insurance.
For prospective policyholders in New York, this product is a life insurance policy that accelerates the death benefit for qualified long term care services and is not a health insurance policy providing long term care insurance subject to the minimum requirements of New York Law; and is not a Medicare supplement policy .
today announced its long term care division has launched the newest addition to its portfolio of long term care planning solutions in Nebraska -- Partnership Qualified Long Term Care Insurance (Partnership plans).
today announced its long term care division has launched the newest addition to its portfolio of long term care planning solutions in Ohio -- Partnership Qualified Long Term Care Insurance (Partnership plans).
today announced that its long term care division has launched the newest addition to its portfolio of long term care planning solutions in Kansas -- Partnership Qualified Long Term Care Insurance (Partnership plans).
Dozens of qualified long term care insurance agents are now being considered for partnership or associate levels.
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