[LTPC-discussions] Tax Qualified vs. Non TQ

Tue, 15 Jul 2003 11:47:51 -0400

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NTQ plans vary as far as how many adl's but the BIG advantage is that
the medically necessary clause will kick in the benefits WITHOUT loss of
adl's. In other words there are 3 triggers for the NTQ.  Loss of adl's,
cognitive impairment OR a condition that the Dr says it is medically
necessary for the person to need ltc.  I would like to see more NTQ
plans.  I do not have any right now but would like to have a couple.

-----Original Message-----
From: ltpc-disc-admin@ltpcalums.com
[mailto:ltpc-disc-admin@ltpcalums.com] On Behalf Of Bob Hadidian
Sent: Tuesday, July 15, 2003 11:39 AM
To: ltpc-disc@ltpcalums.com
Subject: Re: [LTPC-discussions] Tax Qualified vs. Non TQ

NTQ plans require the loss of 2of 7 ADL's as opposed to 2 of 6 ADL's.
But the ambulating ADL of the NTQ  is rolled into the transferring ADL
of the TQ. So it is slightly easier to qualify, yet still about 10-15%
more expensive.

----- Original Message ----- 

From: Jerry <mailto:jerbauer@adelphia.net>  

To: ltpc-disc@ltpcalums.com 

Sent: Tuesday, July 15, 2003 8:31 AM

Subject: RE: [LTPC-discussions] Tax Qualified vs. Non TQ

NTQ plans are supposedly much easier to qualify for benefits.  You do
not have the 90day and loss of 2 ADL's requirement as  the medically
necessary requirement allows a person NOT to loose ANY ADL's just
medically necessary.  As far as the tax deductibility issue, I am told
that it is not a problem because it is considered health insurance which
is deductible.

-----Original Message-----
From: ltpc-disc-admin@ltpcalums.com
[mailto:ltpc-disc-admin@ltpcalums.com] On Behalf Of Bob Hadidian
Sent: Tuesday, July 15, 2003 11:12 AM
To: ltpc-disc@ltpcalums.com
Subject: Re: [LTPC-discussions] Tax Qualified vs. Non TQ

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:

*         More certain of the tax status (line item deduction may soon
be allowed)

*         NTQ premiums are higher

*         NTQ Has a 'medically necessary" requirement

*         LTC is confusing enough for the client, eliminating NTQ is
just one less thing to cloud the issues.

Hope this helps.

Bob

----- Original Message ----- 

From: Kevin Hanner <mailto:khanner@triad.rr.com>  

To: ltpc-disc@ltpcalums.com 

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 class=3DSection1>

NTQ
plans vary as far as how many adl&#8217;s but the BIG advantage is that =
the
medically necessary clause will kick in the benefits WITHOUT loss of =
adl&#8217;s.
In other words there are 3 triggers for the NTQ.&nbsp; Loss of =
adl&#8217;s,
cognitive impairment OR a condition that the Dr says it is medically =
necessary
for the person to need ltc.&nbsp; I would like to see more NTQ =
plans.&nbsp; I
do not have any right now but would like to have a =
couple.

<p class=3DMsoNormal><i><font size=3D2 color=3Dnavy face=3D"Book =
Antiqua"><span
style=3D'font-size:11.0pt;font-family:"Book =
Antiqua";color:navy;font-style:italic'>&nbsp;</span></font></i></p>

-----Original =
Message----- 
From:
ltpc-disc-admin@ltpcalums.com [mailto:ltpc-disc-admin@ltpcalums.com] =
On Behalf Of Bob Hadidian 
Sent: Tuesday, July 15, =
2003 11:39
AM 
To: =
ltpc-disc@ltpcalums.com 
Subject: Re: =
[LTPC-discussions]
Tax Qualified vs. Non TQ

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>&nbsp;</span></font></p>

<div>

NTQ plans require the loss =
of 2of 7
ADL's as opposed to 2 of 6 ADL's. But the ambulating ADL of the NTQ =
&nbsp;is
rolled into the transferring ADL of the TQ. So it is slightly easier to
qualify, yet still about 10-15% more expensive.

</div>

<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>

<div>

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
----- </span></font></p>

</div>

<div style=3D'font-color:black'>

<p class=3DMsoNormal =
style=3D'margin-left:.5in;background:#E4E4E4'><b><font size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>From:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:jerbauer@adelphia.net" =
title=3D"jerbauer@adelphia.net">Jerry</a> </span></font></p>

</div>

<div>

<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:ltpc-disc@ltpcalums.com" =
title=3D"ltpc-disc@ltpcalums.com">ltpc-disc@ltpcalums.com</a>
</span></font></p>

</div>

<div>

<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Tuesday,
July 15, 2003 8:31 AM</span></font></p>

</div>

<div>

Subject:</s=
pan> RE:
[LTPC-discussions] Tax Qualified vs. Non TQ

</div>

<div>

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>&nbsp;</span></font></p>

</div>

<p class=3DMsoNormal style=3D'margin-left:.5in'><i><font size=3D2 =
color=3Dnavy
face=3D"Book Antiqua"><span style=3D'font-size:11.0pt;font-family:"Book =
Antiqua";
color:navy;font-style:italic'>NTQ plans are supposedly much easier to =
qualify
for benefits.&nbsp; You do not have the 90day and loss of 2 ADL&#8217;s
requirement as &nbsp;the medically necessary requirement allows a person =
NOT to
loose ANY ADL&#8217;s just <u>medically necessary.&nbsp; </u>As far as =
the tax
deductibility issue, I am told that it is not a problem because it is
considered health insurance which is deductible.</span></font></i></p>

<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>&nbsp;</span></font></p>

-----Original =
Message----- 
From:
ltpc-disc-admin@ltpcalums.com [mailto:ltpc-disc-admin@ltpcalums.com] =
On Behalf Of Bob Hadidian 
Sent: Tuesday, July 15, =
2003 11:12
AM 
To: =
ltpc-disc@ltpcalums.com 
Subject: Re: =
[LTPC-discussions]
Tax Qualified vs. Non TQ

<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>&nbsp;</span></font></p>

<div>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Kevin</span></font></p>

</div>

<div>

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.

</div>

<div>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>&nbsp;</span></font></p>

</div>

<div>

I do not even stock NTQ =
paperwork.
Some of the reasons:

</div>

<p class=3DMsoNormal =
style=3D'margin-left:1.5in;text-indent:-.25in'><font size=3D2
face=3DSymbol><span =
style=3D'font-size:10.0pt;font-family:Symbol'>&middot;</span></font><font=

size=3D1><span =
style=3D'font-size:7.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;
</span></font><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:
Arial'>More certain of the tax status (line item deduction may soon be =
allowed)</span></font></p>

<p class=3DMsoNormal =
style=3D'margin-left:1.5in;text-indent:-.25in'><font size=3D2
face=3DSymbol><span =
style=3D'font-size:10.0pt;font-family:Symbol'>&middot;</span></font><font=

size=3D1><span =
style=3D'font-size:7.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;
</span></font><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:
Arial'>NTQ premiums are higher</span></font></p>

<p class=3DMsoNormal =
style=3D'margin-left:1.5in;text-indent:-.25in'><font size=3D2
face=3DSymbol><span =
style=3D'font-size:10.0pt;font-family:Symbol'>&middot;</span></font><font=

size=3D1><span =
style=3D'font-size:7.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;
</span></font><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:
Arial'>NTQ Has a 'medically necessary&quot; =
requirement</span></font></p>

<p class=3DMsoNormal =
style=3D'margin-left:1.5in;text-indent:-.25in'><font size=3D2
face=3DSymbol><span =
style=3D'font-size:10.0pt;font-family:Symbol'>&middot;</span></font><font=

size=3D1><span =
style=3D'font-size:7.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp=
;
</span></font><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:
Arial'>LTC is confusing enough for the client, eliminating NTQ is just =
one less
thing to cloud the issues.</span></font></p>

<div>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Hope this =
helps.</span></font></p>

</div>

<div>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>&nbsp;</span></font></p>

</div>

<div>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Bob</span></font></p>

</div>

<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>

<div>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
----- </span></font></p>

</div>

<div style=3D'font-color:black'>

<p class=3DMsoNormal =
style=3D'margin-left:1.0in;background:#E4E4E4'><b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:
bold'>From:</span></font></b><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'> <a href=3D"mailto:khanner@triad.rr.com"
title=3D"khanner@triad.rr.com">Kevin Hanner</a> </span></font></p>

</div>

<div>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:ltpc-disc@ltpcalums.com" =
title=3D"ltpc-disc@ltpcalums.com">ltpc-disc@ltpcalums.com</a>
</span></font></p>

</div>

<div>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Tuesday,
July 15, 2003 5:52 AM</span></font></p>

</div>

<div>

Subject:</s=
pan>
[LTPC-discussions] Tax Qualified vs. Non TQ

</div>

<div>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>&nbsp;</span></font></p>

</div>

<div>

<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>At LTPC, all agents wrote
tax-qualified policies.&nbsp; Since leaving, is anybody writing Non TQ
plans?&nbsp; Most agents look at the pros and cons of each type of plan =
and
that is all they write.&nbsp; 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?)&nbsp; Thanks.</span></font></p>

</div>

</blockquote>

</blockquote>

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