LTC Insurance for Business Owners
Long term care insurance is one of the newest employer benefits made available by businesses to attract and retain top performers, and it is becoming an even better way for owners of small businesses to reward key people and retain their loyalty. It can be a valuable addition to any benefits portfolio.
Why Long-Term Care may be a serious matter for you and your employees
In a recent study by the MetLife Mature Market Institute, those surveyed siad they made at least one formal adjustment to their work schedule as a result of caring for a partner or other family member:
-- 16% quit their job
-- 20% cut back to part-time
-- 22% took a leave of absence
They also stated that caregiving affected their ability to advance on the job:
-- 29% passed up a promotion, training or assignment
-- 25% passed up an opportunity for job transfer or job relocation
-- 22% were unable to acquire new job skills
What do these numbers mean to you? Chances are, one or more of your employees is facing long-term care issues right now. They are acutely aware of what long-term care costs can do to lifetime savings and are looking for a way to help protect their own future.
Cooper & Associates Makes It Easy!
Including Long-Term Care Insurance as a voluntary or employer-paid offering is easy. We bring you a level of experience and expertise that makes us exceptionally qualified in the employer-sponsored LTC business, making your job easier!
Five Important Reasons to offer your employees LTC Insurance
1. Take advantage of tax benefits. Generally, benefits from employee-paid tax qualified plans are non-taxable. You can purchase your own LTC coverage thru your business and deduct it as a business expense too!
2. Quality coverage as employer-paid or voluntary benefit. Whether you choose to have LTC insurance as a voluntary benefit, which employees pay for, or you select your top employees and pay their premiums, you're giving your employees access to quality coverage that helps them protect their future.
3. Get the best talent. Keep the best talent. A benefit package that offers LTC insurance is likely to give you a competitive advantage in today's tight labor market.
4. Show that you understand and are responsive to your employees' needs. When LTC insurance is offered through an employer, the policies are available to spouses, children 18 and older, parents and grandparents of its employees and retirees.
5. Improve your bottom line. When all is said and done, offering your employees an effective way to manage LTC costs helps them focus on their careers, which can have a positive effect on your company's bottom line.
For complete info on how you and your company can benefit by offering Long -Term Care Insurance as a benefit (voluntary or employer-paid) to your valuable employees, Click Here!