Annuity Care
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Back to the Basics
“Why do you think I’m the best player in the world? Because I never get bored with the basics. I never get bored with the basics.” Kobe Bryant This week, I want to get back to the basics – the fundamentals of asset-based LTC using Care Solutions products. Asset-based (aka linked-benefit) LTC has been in… Continue reading
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A Note to Advisors
Last week, I shared with you a link to a report that I found online from the from the Leonard Davis Institute for Health Economics. Since I’m on an AI kick, I asked Copilot to summarize the information presented in the report and present it in a blog format with the intended audience being financial… Continue reading
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LTC according to Copilot
Over the past couple weeks, I have asked various AI tools to share what a consumer might find if they enter the prompt “what is the best strategy to fund a long-term care event”. Each one has provided a different response. Today, I asked Copilot the same question and here is what it says. “The… Continue reading
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ChatGPT says this about paying for LTC
Last week, I defaulted to Google Gemini to start our discussion about self-funding. I simply shared the results of the query – “what is the best strategy to fund a long-term care event”. The results were focused on asset depletion (self-funding) and only mentioned the leverage of insurance at the end under the premise that… Continue reading
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According to Gemini – funding LTC
It’s August and hot and humid and energy sucking. Which means that I got lazy and used AI to prime the creative pump. I asked AI the following question: “what is the best strategy to fund a long-term care event” Before I go any further and share the response, you need to pay attention to… Continue reading
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Annuity Exchange
If you are not familiar with what a Pension Protection Act compliant deferred annuity does … this 1 minute video will give you a highlight of what it does. Remember this …. not all deferred annuities meet the requirements to be PPA compliant. This means that income doublers & confinement waivers DO NOT meet that… Continue reading
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Consider the Consequences
I’ve done this before – asked AI for their summary of a topic. Today, I asked it to explain the consequences of not having a long term care plan. Here is what it said. “Neglecting long-term care (LTC) planning can lead to the rapid depletion of life savings, loss of control over your care preferences,… Continue reading
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Honestly – talk about the fine print
While I am on the topic of claims, let’s talk about a little reality here and a statement that I think will get us (as an industry) in trouble. It’s not something that I have ever made but it is one that I hear all the time in meetings with other carriers. “As a cash… Continue reading
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Care Benefits
Last week, I said this – “OneAmerica offers more than just money to pay for a long-term care claim. OneAmerica offers resources.” I mentioned this in passing last week, OneAmerica Financial’s Care Benefits (Claims) administers their own claims. Said another way, when your client is working with OneAmerica Financial – they are working with a… Continue reading
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Claims – it’s more than just money
I’ve said this before and it is something that I believe is worth reiterating. OneAmerica Financial offers more than just money to pay for a long-term care claim. OneAmerica offers resources. Many of our peers do an exceptional job of selling their solutions on the vision of having money to use as you like and… Continue reading
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Qualified Money in Annuity Care Example
Last week, I shared information about using qualified money with the Annuity Care products. This week, I am sharing a quick example. Remember, this strategy employs both the base annuity and the continuation of benefits rider which means that the client needs to be insurable by Annuity Care standards. Remember, we can write up to… Continue reading
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Qualified Money with Annuity Care
A question that occasionally comes up is can I use qualified money with a product like Annuity Care? The answer is that we will accept qualified money in the base portion of Annuity Care 1 or Indexed Annuity Care. We cannot accommodate qualified money with Annuity Care 2. All of this comes with a giant… Continue reading
