Planning Tips and Carrier News for Advisors 

Can Clients Deduct Hybrid Life/QLTC Insurance Premiums?

Posted by LTCI Partners | Feb 25, 2019 4:24:33 PM

As an advisor, there’s no doubt that you’re working with business owners. Part of HIPAA legislation (1996) allows for business owners to deduct Qualified LTC Insurance premiums. That means the riders that are attached to Hybrid Life/QLTCI plans are deductible and the policy benefits are income tax-free. Securian has created some great material to guide advisors to working with business owners and highlights this favorable tax treatment. Please see below-

 

Securian SecureCare Individual Worksheet

Securian SecureCare Pass Thru Business Owner Worksheet

Securian SecureCare Tax Presentation

 

Topics: Linked Benefits, Securian, Long-term care planning, long term care, hybrid life/Long-Term Care

Written by LTCI Partners

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