Your firm can help its partners and other key employees who are MSBA members protect their lifestyles and retirement portfolios with Executive Carve–Out Long Term Care Insurance. Not only does it offer your firm an innovative tool for rewarding and retaining top attorneys as well as provide tax advantages, it also gives a valuable and meaningful benefit to your top employees.

An LTC Executive Carve-Out brings customized long-term care insurance to your partners or other key employees and provides tax advantages to your firm.

By establishing predetermined criteria for these benefits, you are able to legally segment a class of employees eligible to have long-term care insurance premiums paid by the firm.

Benefits for partners/key employees

• Protection of their 401(k) or retirement plan assets
• Lifestyle protection
• Portable coverage
• Favorable tax treatment—benefits are generally tax-free
• Access to health care advocacy (managing and advising family members about health and welfare)
• Creates expense account for extended health care

Benefits for Firms/Employers

• Flexibility to select key executives without violating anti-discrimination laws
• Plans can include owner-employees, spouses, and dependents
• 100% tax deduction on premiums paid for employees and their spouses (IRC, Section 162)
• LTC insurance can attract, retain and reward key employees

For more information regarding Long Term Care options for your firm, contact:

If you are looking for more information about individual Long Term Care Insurance, please call 1-800-501-5776.