improve the self-funding play with one simple move
Another Spin on the Split Annuity
Let’s say we have a nonqualified deferred annuity that is out of surrender and not intended for income. In fact, it was set aside as an emergency fund for a healthcare need.
Annuity funding – split annuity
Do me this favor - contact me with your net annuity case for a client who is 70 or older and has that money earmarked as either "leave on" or "emergency" money. We might be able to create a better solution.
Use the deferred annuity to fund LTC
Please contact either Justin Fox or me for mor information about using nonqualified deferred annuities as a solution for long term care funding.
The Problem with LTC
Last week, I vented about what I believe is a major disservice that is taking place by carriers. I believe that carriers are sharing the full story of how their products work when they are utilized by their insured’s family. And we wonder why there is a credibility problem with the industry …. (Here is … Continue reading The Problem with LTC
Claims – How About Some Honesty
I am going to risk creating a bunch of unfriendly comments this week by venturing in the discussion of which benefit solution is better – reimbursement or indemnity. I deserve to be heard on this because our peers have been doing an outstanding job marketing the value of cash indemnity product offers while demonizing reimbursement … Continue reading Claims – How About Some Honesty
Tax Information & More
No matter what the economy does, taxes are always a key component of planning for every individual and business. Inflation is still high, but certainly lower than last year, resulting in a more modest increase in the numbers for 2024. For example, Social Security’s COLA increase is 3.2% (down from a substantial 8.7% increase last … Continue reading Tax Information & More
More about qualified money & LTC
Last week, I started the FWF conversation talking about qualified money and IRA maximization. The thing about IRA max is that it is a leverage play – a planning tool while living and insurable. (remember, this conversation is for non-Roth accounts.) But, what happens if the planning windows is slammed shut because the IRA owner … Continue reading More about qualified money & LTC
ASC & IRA Max – something new
IRA maximization is one of the first funding strategies that I was introduced to more than 3 decades ago when I was first entered the insurance industry as a career agent in southern New Hampshire. According to the Congressional Research Service, the Federal Reserve’s Financial Accounts of the United States report said that as of … Continue reading ASC & IRA Max – something new
Changes to PUI
Another day goes by and OneAmerica Financial has another enhancement to the Care Solutions asset-base long term care line of business. No, there is no product change to announce. The most recent change is to the Pre Underwriting Inquiry process. A Pre-Underwriting Inquiry (PUI) is the informal inquiry program for the Care Solutions products where you can … Continue reading Changes to PUI
Asset-Based LTC Page Tips
In the February episode of Coffee Break, we shared with you the NEW OneAmerica Financial as well as a navigational overview of the updated OneAmerica.com website. If you have not viewed it, please take a minute to see this week's episode. If you have taken some time to browse the updated oneamerica.com website, you will notice … Continue reading Asset-Based LTC Page Tips
Make It a Better Experience
We are a month into 2024 and I’ve just returned from the annual OneAmerica Financial National Sales Meeting. There are a few important pieces of information that I need to share with you. First, OneAmerica has rebranded to OneAmerica Financial. Keep your eyes and ears open for more information including a new OneAmerica Financial television … Continue reading Make It a Better Experience
Fridays with Fisher 
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