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TRC Financial Solves the Challenges of Long-Term Care for Corporate America

Irvine, CA, March 10, 2020 — TRC Financial, an independent insurance brokerage firm, announced today how it plans to solve the financial impact of long-term care (LTC) which touches nearly every American. The need to plan for long-term care is often overlooked. It is typically uninsured or not factored into a retirement cash flow plan, making it a substantial unknown financial risk.

Long-term care impacts the vast majority of Americans. Studies indicate that 70% of people turning age 65 will need some type of long-term care services in their lifetimes. Other studies show that 24% of people turning age 65 will require long-term care services for more than two years. This reality creates a significant financial cost for nearly all retirees. It is estimated that the average annual cost of long-term care will exceed $125,000 by 2031.

TRC Financial has developed a Key Person Long-Term Care Plan for businesses to fund long-term care financial risks for its team. This is done with a state-of-the-art insured benefit giving key employees the peace of mind they deserve. The premiums are non-taxable to the plan participant and the benefits are received income tax-free.

"Our firm is focused on helping corporate executives insure gaps that are often created by employer-paid insurance and qualified retirement plans. A common financial gap found in virtually all companies is the lack of insurance coverage to help protect the financial risks of a long-term care event," said TRC Financial Principal Jim Roberson. "We have developed a plan helping companies retain and reward its team by providing a tax-free long-term care benefit in retirement with minimal to no earnings impact."

An insured key person long-term care plan is a highly valued executive benefit. The Plan allows a company to pay for the premiums and deliver post-retirement tax-free long-term care benefits for plan participants. The plan is flexible and can be designed to allow the company to recover 100% or more of the premiums paid.

You can learn more and download our Key Person Long-Term Care guide by visiting our website at

About TRC Financial

TRC Financial is an independent firm that delivers a reliable and unbiased approach to acquiring and managing life insurance and supplemental benefit plans for affluent and institutional clients. Our focus centers around proprietary plan design, product placement, and administration for life insurance, disability insurance, long- term care (LTC) insurance, executive benefit plans, and private placement insurance investment accounts. We are the oldest and most established firm of its type in Southern California.


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