9393 VOID CORRECTED

OMB No. 1545-1519

Long-Term Care and

Accelerated Death

Benefits

PAYER’S Federal identification number POLICYHOLDER’S identification number Check one:

Gross long-term care

benefits paid

1

Copy A

POLICYHOLDER’S name

Accelerated death

benefits paid

Street address (including apt. no.) For Paperwork

Reduction Act Notice

and instructions for

completing this

form, see the

1998 Instructions for

Forms 1099, 1098,

5498, and W-2G.

City, state, and ZIP code

Account number (optional)

Form 1099-LTC Department of the Treasury - Internal Revenue Service

Do NOT Cut or Separate Forms on This Page

PAYER’S name, street address, city, state, ZIP code, and telephone no.

2

3

File with Form 1096.

Cat. No. 23021Z

For

Internal Revenue

Service Center

Form 1099-LTC

Per

diem

Reimbursed

amount

INSURED’S social security no.

INSURED’S name

Street address (including apt. no.)

City, state, and ZIP code

Date certified

$

$

Terminally

ill

Chronically

ill

4

(optional)

98
CORRECTED (if checked)

OMB No. 1545-1519

Long-Term Care and

Accelerated Death

Benefits

PAYER’S Federal identification number POLICYHOLDER’S identification number

Gross long-term care

benefits paid

1

Copy B

POLICYHOLDER’S name

Accelerated death

benefits paid

Street address (including apt. no.)

This is important tax

information and is being

furnished to the Internal

Revenue Service. If you

are required to file a

return, a negligence

penalty or other

sanction may be

imposed on you if this

item is required to be

reported and the IRS

determines that it has

not been reported.

City, state, and ZIP code

Account number (optional)

Form 1099-LTC Department of the Treasury - Internal Revenue Service

PAYER’S name, street address, city, state, ZIP code, and telephone no.

2

3

(Keep for your records.)

For Policyholder

Form 1099-LTC

Per

diem

Reimbursed

amount

INSURED’S social security no.

INSURED’S name

Street address (including apt. no.)

City, state, and ZIP code

Date certified

$

$

Terminally

ill

Chronically

ill

4

(optional)

98
Instructions for Policyholder

A payer, such as an insurance company, must give this form

to you for payments made under a long-term care insurance

contract or for accelerated death benefits. Payments include

those made directly to you (or to the insured) and those

made to third parties.

A long-term care insurance contract provides coverage of

expenses for long-term care services for an individual who

has been certified by a licensed health care practitioner as

chronically ill. A life insurance company or viatical settlement

provider may pay accelerated death benefits if the insured

has been certified by either a physician as terminally ill or by

a licensed health care practitioner as chronically ill.

Long-term care insurance contract. Amounts received

under a qualified long-term care insurance contract are

excluded from your income. However, if payments are made

on a per diem basis, the amount you may exclude is limited.

The per diem exclusion limit must be allocated among all

policyholders who own qualified long-term care insurance

contracts for the same insured. See Pub. 502, Medical and

Dental Expenses, and Form 8853, Medical Savings Accounts

and Long-Term Care Insurance Contracts, for more

information.

Per diem basis. This means payments made on a periodic

basis without regard to the actual expenses incurred during

the period to which the payments relate.

Accelerated death benefits. Amounts paid as accelerated

death benefits are fully excludable from your income if the

insured has been certified by a physician as terminally ill.

Accelerated death benefits paid on behalf of individuals who

are certified as chronically ill are excludable from income to

the same extent they would be if paid under a qualified

long-term care insurance contract.

Box 1. Shows the gross benefits paid under a long-term care

insurance contract during the year.

Box 2. Shows the gross accelerated death benefits paid

during the year.

Box 3. Shows whether the amount in box 1 or 2 was paid on

a per diem basis or was reimbursement of actual long-term

care expenses. This box may not be marked if the insured

was terminally ill.

Box 4. May show whether the insured was certified

chronically ill or terminally ill, and the latest date certified.
CORRECTED (if checked)

OMB No. 1545-1519

Long-Term Care and

Accelerated Death

Benefits

PAYER’S Federal identification number POLICYHOLDER’S identification number

Gross long-term care

benefits paid

1

Copy C

POLICYHOLDER’S name

Accelerated death

benefits paid

Street address (including apt. no.)

Copy C is

provided to you

for information

only. Only the

policyholder is

required to

report this

information on

a tax return.

City, state, and ZIP code

Account number (optional)

Form 1099-LTC Department of the Treasury - Internal Revenue Service

PAYER’S name, street address, city, state, ZIP code, and telephone no.

2

3

(Keep for your records.)

For Insured

Form 1099-LTC

Per

diem

Reimbursed

amount

INSURED’S social security no.

INSURED’S name

Street address (including apt. no.)

City, state, and ZIP code

$

$

Date certified Terminally

ill

Chronically

ill

4

(optional)

98
Instructions for Insured

A payer, such as an insurance company or a viatical

settlement provider, must give this form to you and to the

policyholder for payments made under a long-term care

insurance contract or for accelerated death benefits.

Payments include both benefits you received directly and

expenses paid on your behalf to third parties.

If you are the insured but are not the policyholder, Copy

C is provided to you for information only because these

payments are not taxable to you. If you are also the

policyholder, you should receive Copy B.

Box 1. Shows the gross benefits paid under a long-term

care insurance contract during the year.

Box 2. Shows the gross accelerated death benefits paid

during the year.

Box 3. Shows whether the amount in box 1 or 2 was paid

on a per diem basis or was reimbursement of actual

long-term care expenses. This box may not be marked if

you are terminally ill.

Box 4. May show whether you were certified chronically ill

or terminally ill, and the latest date certified.
OMB No. 1545-1519

Long-Term Care and

Accelerated Death

Benefits

PAYER’S Federal identification number POLICYHOLDER’S identification number

Gross long-term care

benefits paid

1

Copy D

POLICYHOLDER’S name

Accelerated death

benefits paid

Street address (including apt. no.)

City, state, and ZIP code

Account number (optional)

Form 1099-LTC Department of the Treasury - Internal Revenue Service

PAYER’S name, street address, city, state, ZIP code, and telephone no.

2

3

For Payer

Form 1099-LTC

Per

diem

Reimbursed

amount

INSURED’S social security no.

INSURED’S name

Street address (including apt. no.)

City, state, and ZIP code

VOID CORRECTED

For Paperwork

Reduction Act

Notice and

instructions for

completing this

form, see the

1998 Instructions

for Forms 1099,

1098, 5498,

and W-2G.

Date certified

$

$

Terminally

ill

Chronically

ill

4

(optional)

98
Payers, Please Note—

Specific information needed to complete this form and

other forms in the 1099 series is given in the 1998

Instructions for Forms 1099, 1098, 5498, and W-2G.

A chart in those instructions gives a quick guide to

which form must be filed to report a particular

payment. You can order those instructions and

additional forms by calling 1-800-TAX-FORM

(1-800-829-3676).

Due dates. Furnish Copy B of this form to the

policyholder by February 1, 1999.

File Copy A of this form with the IRS by March 1,

1999.

Furnish Copy C of this form to the insured by

February 1, 1999.