[LTPC-discussions] Tax Qualified vs. Non TQ
Bob Hadidian
ltpc-disc@ltpcalums.com
Tue, 15 Jul 2003 08:11:42 -0700
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Kevin
Personally, I see no reason to write a NTQ policy. In fact, in =
California it is no longer necessary for a company to offer both TQ and =
NTQ. Cal. Partnership policies are required to be TQ.
I do not even stock NTQ paperwork. Some of the reasons:
a.. More certain of the tax status (line item deduction may soon be =
allowed)
b.. NTQ premiums are higher
c.. NTQ Has a 'medically necessary" requirement
d.. LTC is confusing enough for the client, eliminating NTQ is just =
one less thing to cloud the issues.
Hope this helps.
Bob
----- Original Message -----=20
From: Kevin Hanner=20
To: ltpc-disc@ltpcalums.com=20
Sent: Tuesday, July 15, 2003 5:52 AM
Subject: [LTPC-discussions] Tax Qualified vs. Non TQ
At LTPC, all agents wrote tax-qualified policies. Since leaving, is =
anybody writing Non TQ plans? Most agents look at the pros and cons of =
each type of plan and that is all they write. I would like to see some =
discussion regarding thoughts and opinions on this topic (i.e., if all =
you write is Tax Qualified, what is your basis for doing so?) Thanks.
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<DIV><FONT face=3DArial size=3D2>Kevin</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Personally, I see no reason to write a =
NTQ policy.=20
In fact, in California it is no longer necessary for a company to offer =
both TQ=20
and NTQ. Cal. Partnership policies are required to be TQ.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I do not even stock NTQ paperwork. Some =
of the=20
reasons:</FONT></DIV>
<UL>
<LI><FONT face=3DArial size=3D2>More certain of the tax status (line =
item=20
deduction may soon be allowed)</FONT></LI>
<LI><FONT face=3DArial size=3D2>NTQ premiums are higher</FONT></LI>
<LI><FONT face=3DArial size=3D2>NTQ Has a 'medically necessary"=20
requirement</FONT></LI>
<LI><FONT face=3DArial size=3D2>LTC is confusing enough for the =
client,=20
eliminating NTQ is just one less thing to cloud the =
issues.</FONT></LI></UL>
<DIV><FONT face=3DArial size=3D2>Hope this helps.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Bob</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
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<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkhanner@triad.rr.com =
href=3D"mailto:khanner@triad.rr.com">Kevin=20
Hanner</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dltpc-disc@ltpcalums.com=20
href=3D"mailto:ltpc-disc@ltpcalums.com">ltpc-disc@ltpcalums.com</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 15, 2003 =
5:52=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [LTPC-discussions] Tax =
Qualified=20
vs. Non TQ</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>At LTPC, all agents wrote =
tax-qualified=20
policies. Since leaving, is anybody writing Non TQ plans? =
Most=20
agents look at the pros and cons of each type of plan and that is all =
they=20
write. I would like to see some discussion regarding thoughts =
and=20
opinions on this topic (i.e., if all you write is Tax Qualified, what =
is your=20
basis for doing so?) =
Thanks.</FONT></DIV></BLOCKQUOTE></BODY></HTML>
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