INSTANT APPROVAL

Last week, I shared some information about the Pre-Underwriting Inquiry opportunity for any client that you may have.  Again, it is simply a tool that we encourage you to use BEFORE submitting a formal application. 

Today, with a mind toward underwriting, I am sharing with you an INSTANT APPROVAL underwriting opportunity.

This is a very specific opportunity that is available only with Annuity Care I and Indexed Annuity Care.

For clients who are 85 and younger that own a nonqualified deferred annuity that is not being utilized for income, the opportunity to secure a long term care funding solution exists.  And, they can get it via instant approval.

The other caveat for instant approval is that the application must be submitted electronically.  If it comes in via paper, the process will be (obviously) a bit slower.

Here are a few important things to remember about this opportunity.

• This opportunity applies only for Annuity Care and Indexed Annuity Care without the continuation of benefits rider.
• The benefit of this transaction is to transform tax-deferred accumulation into tax-free money used to fund long term care support when needed.
• The ideal funding source is a nonqualified deferred annuity or a cash value life insurance policy where a 1035 exchange can be used to fund the new annuity.

When you consider that the average age of an annuity owner is 74 and that 2 out of 3 have earmarked that money to be utilized in the event of a healthcare emergency which includes a nursing home event, the opportunity becomes clear.  (source: https://www.annuity-insurers.org/wp-content/uploads/2023/07/Gallup-Survey-of-Owners-of-Individual-Annuity-Contracts-2022.pdf)

And, remember, the objective of a leveraged long term care funding strategy is to maximize available money.  By reducing the income tax profile, using the Annuity Care strategy does just that.  Simply, distributions from the annuity when used for LTC support & services are tax-free and do not impact any means tested benefits like Medicare premiums.

My ask of you going into the 4^th quarter is simply this … look at your block of annuity business and identify those clients that own a nonqualified deferred annuity and abre between the ages of 70 and 85.  Then – call me or one of my internal sales partners (Nick Angelov & Justin Fox) to talk about what we can do to leverage their annuity.

To learn more, check out this video.

https://p.allego.com/ZfIBtJrW2VAfwIZ

The need is there.  The solution is there. 

Seize the opportunity and make a difference.

Get even more information by contacting Justin Fox at (844) 658-3725 or justinfox.isp@oneamerica.com or Nick Angelov at (844) 623-4251 or nick.angelov.isp@oneamerica.com