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Please note our response time may not be as quick as we would like due to Hurricane Ian approaching our Tampa Bay offices. Thank you for your patience while our LLIS team makes arrangements for their health and safety.
Fourth Quarter 2021
NEWS YOU CAN USE FROM THE EXPERTS AT LLIS
For the first time since The American Association for Long-Term Care Insurance began reporting this information, the IRS did not raise the tax deductible LTCi limits for 2022.
What does that mean for your clients?
According to IRS Revenue Procedure 2021-45, deductions for a couple age 70 or older:
SOLUTIONS AVAILABLE THROUGH LLIS
Term Life Insurance | Low-Load Universal Life (Individual & Survivorship) | No Lapse Guaranteed Univeral Life (Individual & Survivorship) | Long Term Care Insurance | Disability Insurance | Critical Care Insurance | Low-Load Variable Annuity | Immediate and Fixed Annuities | Low-Load Variable Universal Life | Hybrid Life/LTCi | Hybrid Annuity/LTCi
(We recommend low-load permanent life insurance and annuities when possible)
(Not all policy types available in all states)For a list of current providers, visit the Advisor Tools section of our website and click on "Insurance Companies We Work With".