Long-term care policies are under attack. Or, at least that’s the way I see it. In Vermont we just had one major carrier get out of the business and another has asked for a policy increase of 40%.
A holiday gift for taxpayers? After a 277-148 passage in the House and an 81-19 approval in the Senate, President Obama signed the 2010 Tax Relief Act into law on December 17, extending the Bush-era tax cuts.1 Here is the impact of the new legislation:
I often talk with Clients about their life insurance program. Some people have life insurance for estate planning, others for business continuation and still others for survivorship planning. In all cases I strongly believe that having a life insurance review process in place for all policies that are over five years old is important.