This past week I’ve heard a lot of people say, “just like XYZ’s product” when referring to Annuity Care.  This really pisses me off.

First – that other carrier’s product is a clone of Annuity Care.  In this case, the most often cited product clone is a clone of Annuity Care II. 

Next – that product has weaker guarantees than Annuity Care II.  I challenge you to take a minute and look at the guaranteed ledgers and compare.

And – the benefits that are illustrated (while shown as monthly) are daily benefits.  Read the footnotes on their illustration.

Another carrier offers a product that some people compare to Indexed Annuity Care – there is no comparison.  Granted, they will insure literally anyone but … it is NOT Indexed Annuity Care.

First – the other product requires a vesting period before benefits are fully available.  This is not the case with Indexed Annuity Care.

Next – the other product talks about leverage up to 3 times.  So, with Indexed Annuity Care, you can leverage up by a pure annuity exchange using the PPA, or 2 times or 4 times or for an unlimited amount.  I’ll give them the underwriting advantage, but there’s more to it.

Finally – ratings and experience … do the research.    What is their Comdex and how many claims have been paid? OneAmerica Financial sports a 95 Comdex and has a claims paying history of 38+ years.

So, what does the Annuity Care product line offer that the others do not?

• Can offer solutions up to age 87
• Plan design flexibility
  • Can be limited in duration
  • Can be unlimited in duration
• Premium funding flexibility
  • Can combine a lump sum and recurring premiums
• Claims Concierge
  • A dedicated resource for claims assistance that is at no cost to consumer
• Experience & commitment to the asset-based LTC market for 38+ years

So, when someone wants to compare another carrier to OneAmerica Financial and the Annuity Care portfolio, I want to ask them. 

Do you compare to OneAmerica?