Nikki Kook – Marketing and New Business
You are the sole proprietor or partner of a business. Your spouse is a genuine employee of the business.
A long-term care insurance plan can be set up and paid for by the business for the benefit of this employed spouse. In conjunction, the employed spouse’s spouse (AKA- the sole proprietor or partner of this business) can have long-term care coverage as well.
As an added benefit, a full deduction for the premiums could be available for the policies of both spouses under law. Many cases support this principle as long as it is the employed spouse that is provided the benefit first as the genuine employee of the business.
Contact Executive Benefits Network for more information.