I’ve been on a tear for the past couple of weeks about other carriers being “just like OneAmerica”.  The only thing worse is when they spin something that OneAmerica has done for decades as something new.

It’s not new … it’s asset-based long-term care.  That has been a planning solution for nearly 4 decades.  And, OneAmerica even shares the claims-paying history. Like I said last week, what’s their claims history?

Other than experience, let’s talk a little bit about what makes the Care Solutions product suite differ from the rest of the asset-based carriers.

One such differentiator is premium funding options for Asset Care.  With Asset Care, you can pay premiums on either a recurring basis, as a single payment (cash or 1035 exchange), or a combination of the two.  In fact, there are over 20 premium strategies that are offered.

One of the most popular (that only OneAmerica offers) is the qualified money funding strategy for Asset Care.  Other people often say “we can do that” but their approach is not designed or executed like that OneAmerica plan which is an integrated turn-key solution. 

Certainly, there are other options including blending Single Premium Immediate Annuities or sweep accounts as funding vehicles.  But those are not a turn-key and integrated approach. Don’t get me wrong, those strategies are viable – I am just saying that they involve a bit more effort on the advisor’s part to execute and implement.

Another point that I want to make about the strategy is the Asset Care policy can be designed to be a pool of resources (like everyone else offers) or an unlimited stream of resources (that only OneAmerica offers).

On top of that, the Asset Care policy can be for either an individual or a couple.  Her IRA can fund their LTC!

And, here’s another cool application for the strategy.  When a non-spouse is the beneficiary of an IRA (an inherited IRA), this strategy fits neatly within the SECURE Act guidelines.  Simply, from the grave, a parent can fund their child’s LTC.

To learn more about using the ONLY turn-key funding strategy for funding long-term care insurance, give my internal Kelley Hilliard at call at (844) 623-2451.