Business owners actually have the opportunity in many cases to purchase long-term care insurance in a tax advantage way to their companies. In many cases, all or a portion of the premium paid by the business on behalf of the executive is tax-deductible at the business level, and not considered taxable income to the employee receiving the coverage.
Are you currently a qualified retirement plan fiduciary? If so, you may have some responsibility and perhaps liability that you were not previously aware of. Retirement plan sponsors on a national basis are coming under increased scrutiny with respect to how they administer pension plans in their care.