Long-term care (LTC) insurance can be an attractive investment alternative for high-net-worth individuals for two reasons: (1) It has a multi-million dollar upside if extended health care is needed, and (2) there's little or no cost if care isn't needed. In addition, many experts believe it can be used to reduce estate taxes and transfer wealth on a tax-advantaged basis. Tax planners and investment managers should give serious thought to using LTC insurance — either on an ...

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