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Tax Qualified v Non-Tax Qualified

Posted by Ernie Leuenberger on November 04, 2002 at 17:20:49:

Other than the "possibility" that Non-Tax Qualified plan benefits "may be taxed when received" and that Non-Tax plan's premiums may be a bit higher, I have heard and interpret that the qualification for benefits seem less stringent than TQ Plans in some policies outline of coverage. Are there any other good reasons for selecting Non-TQ Plans?
Is the degree of ease in qualifying, when the time arrives for Home care worth the extra premiums?

Follow Ups:

Re: Tax Qualified v Non-Tax Qualified Matt McCann 17:58:17 11/09/02 (0)

Re: Tax Qualified v Non-Tax Qualified : Other than the "possibility" that Non-Tax Qualified plan benefits "may be taxed when received" and that Non-Tax plan's premiums may be a bit higher, I have heard and interpret that the qualification for benefits seem less stringent than TQ Plans in some policies outline of coverage. Are there any other good reasons for selecting Non-TQ Plans? : Is the degree of ease in qualifying, when the time arrives for Home care worth the extra premiums?

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