Or visit our office: 10 Child Street, Warren, RI 02885
Based upon the increase in life expectancy, the need to plan for long-term care expenses is very real. Traditionally, preparing to meet long-term costs involved the purchase of a “Long-Term Care Insurance Policy.” There may be reluctance to purchase these types of contracts because they are too expensive, or having questions arise, such as: “What if I die before I need to use the policy?” This created the need for a new form of long-term care coverage, a hybrid program known as Asset Based Long Term Care.
This planning strategy became available after Congress passed the Pension Protection Act of 2006. This unique retirement plan provides a program to pay for long-term costs tax free, with the funds being held in the contract to be passed on to your heirs. In other words, these tax-free funds are never lost upon death.
Address
10 Child Street, Warren, RI 02885
Phone
(401) 247-9882
Email
sjplanner@aol.com
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