ALLiS Login | phone icon (877) 254-4429

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.

Policy Matters

Fourth Quarter 2021


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?

  • The maximum deductibility remains high
  • Significant benefit for older individuals and couples
  • Tax deductibility is one of the best-kept secrets and potential benefits for seniors
  • Deductibility is especially valuable after retirement (income decreases and health costs typically increase)
  • The tax advantages are available only on tax-qualified long term care insurance policies
  • Some hybrid policies (aka linked benefit, asset based care, combination insurance) also offer an LTCi tax deduction

According to IRS Revenue Procedure 2021-45, deductions for a couple age 70 or older:

2022: $11,280
2021: $11,280
2020: $10,860
2019: $10,540


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".

NAPFA ACP Garrett Planning Network NAPFA XYPN BLatinX Internship Inc. Sponsor