Long-Term Care Tax Benefits for Business Owners by LPL Financial

As a business owner, you've worked hard to build your business and protect it with property, liability, and automobile insurance. But have you considered how you would protect the assets you've accumulated if a long-term illness or injury required care at home, in an assisted living community, or in a skilled nursing facility?
Many people are surprised to learn that traditional health insurance does not cover most long-term custodial care expenses. The cost of care can easily exceed $6,000 per month, creating a significant financial burden for you, your family, and your business.
The good news is that business owners may have unique tax advantages that can make long-term care planning far more affordable. Depending on your business structure and individual circumstances, you may be able to purchase long-term care insurance using highly tax-advantaged dollars—potentially creating what is, in effect, a "double tax benefit."

Join Randy Dame with LPL Financial for this educational seminar to learn:

• Why long-term care is one of the biggest financial risks in retirement.
• What Medicare and health insurance do—and do not—cover.
• The tax advantages available to certain business owners.
• How proper planning can help protect your assets, your family, and the legacy you've worked so hard to build.