Question: I am looking for information on the Financials of OneAmerica - do you have it available? Answer: Here are a few pieces that might be helpful for you: Financial Ratings About State Life OneAmerica Fact Sheet You can also go to http://www.oneamerica.com for more information about the company.
Month: March 2019
“Older Client” Annuity Solution
I have said this before and I will say it until I am blue in the face, no other carrier can provide a long term care funding solution for an older client like OneAmerica. Look at the industry. Look at the trends in the industry. Every carrier is pressing to acquire the young and healthy … Continue reading “Older Client” Annuity Solution
Best Way to Leverage
First off - thank you for your ideas, feedback, suggestions and questions. The whole purpose of this weekly distribution is to share ideas with you. One question that I am asked often is "why do you talk about Annuity Care so much when you have the whole Care Solutions portfolio to talk about?" It's a fair … Continue reading Best Way to Leverage
Q&A – Tax Treatment of Benefits
Question: What is the tax treatment of LTC Benefits paid from Asset-Care or Annuity Care? Answer: Our Care Solutions portfolio functions on a reimbursement basis. Since Reimbursement Benefits for qualified LTC services are not taxed, benefits are tax-free. As a side note, Per Diem or Indemnity Benefits are not taxed except those benefits that exceed the greater of Total Qualified … Continue reading Q&A – Tax Treatment of Benefits
Summary of Individual Tax Deductions
Individual taxpayer who does not itemize No deduction IRC Sec 63(b) Individual taxpayer who itemizes deductions Treated as medical insurance premiums.6 Limited to the lesser of the actual premium paid or the amount per person from an age-related table that caps maximum deductible premiums. IRC Sec 7702B(a)(1) Premium deduction is effective to the extent that the deductible premium above … Continue reading Summary of Individual Tax Deductions
Premium Deductibility
It's that time of year where those of us who have less than favorable results from our income tax filing get our backsides in gear and get ready to file. Did you know, that premiums paid to fund the Continuation of Benefit Rider of a Care Solutions product may be deductible? The Health Insurance Portability … Continue reading Premium Deductibility
Q&A – Legacy Care Consumer Pieces
Question: Do you have any consumer pieces for Legacy Care? Answer: We have produced a Legacy Care Client Brochure which shares the basics about the annuity.
Beneficiary Options for Legacy Care
It is important for all of us to be aware of our options and Legacy Care beneficiaries are no different. As with other annuity contracts, Legacy Care beneficiaries have several ways in which they can receive their proceeds. Spousal beneficiary When a Legacy Care policy owner dies before the maturity date and the named beneficiary is a surviving … Continue reading Beneficiary Options for Legacy Care
Solution to a Maturing Annuity
With trillions of dollars of non-qualified deferred annuities on the books and an aging population, an opportunity exists for you to provide a solution to those long time annuity holders who face the prospect of a maturing annuity contract. Let’s say Mrs. Smith is 90 years old, has a deferred annuity with $190,000 of value … Continue reading Solution to a Maturing Annuity
Initiating a Claim
Question: How does a client initiate a claim? Answer: Initiating a claim is pretty simple. Contact OneAmerica Claims at (800) 275-5101, Option 3. This will connect you directly to a OneAmerica Claims Associate who will initiate the claims process. For your reference, this "Steps to Filing a Claim" information sheet details the process and the information … Continue reading Initiating a Claim
Claims Concierge
Our promise is to be there when our policyholders (and their loved ones) need us. There is no more important time during our relationship then when an extended healthcare event occurs. How OneAmerica® Care Solutions Claims Concierge works: When a policyholder needs extended care, call us first. The sooner you call, the sooner we can start … Continue reading Claims Concierge
The LTC Claim
We are in a relationship business providing a promise to provide a financial solution to a family when they most need it. Please, take a moment to view this video. We share our Claims Concierge story. (This is consumer approved.) I dare you to be a "tough guy" and not be touched by the story. In … Continue reading The LTC Claim
Fridays with Fisher 
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