Asset Care
-
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
-
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
-
Enhance your default plan
Last week, I shared with you a little bit about the gap that self-funding poses based upon information presented on the Federal Long Term Care Insurance Program website which made the case against self-funding LTC. I’d like to present an alternative to the risk-retention approach that most people accept. Using a similar set of numbers… Continue reading
-
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
-
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
-
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
-
Use Qualified Money
Last week, I spoke about using qualified money as a funding vehicle for an Asset Care policy. I even called out other carriers who offer something like the strategy using a Single Premium Deferred Annuity (which is not a turn-key solution). PLEASE NOTE: This is not an endorsement for any particular strategy. It is simple… Continue reading
-
Just like OneAmerica but …
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,… Continue reading
-
Just Like OneAmerica except …
Last week, I shared a little bit of what I hear from many people who are unaware of the OneAmerica Financial Care Solutions product suite. In many cases, it starts with an idea of leveraging annuity money into tax-free long-term care benefits (something that OneAmerica has done for 2 decades). And, expands when I hear… Continue reading
-
Underwriting – Get off to a good start
This week, I want to pull your attention from the annuity product solution and talk about underwriting. At OneAmerica Financial, all of the asset-based LTC solutions are underwritten. And, the level of underwriting is dictated by the product, plan design, funding strategy, and client dynamics such as age and health. Here is an important reminder… Continue reading
-
Ask “what if” to that other annuity solution
Over the past few weeks, I’ve shared, thus the use of Annuity Care & Indexed Annuity Care for both a nonqualified and qualified annuity funding opportunity for LTC funding. Along with that, I shared the only turn-key strategy in the industry with Asset Care. They all garnered push-back from people telling me, “I can do… Continue reading
-
A million five and the qualified money idea
For the past few weeks, we have been focusing on the statement from an advisor that $1.5 million is enough to “self-insure” (his words not mine). Last week, I shared the leverage story of using annuity dollars and Annuity Care II as a way to improve the situation. As I have come to expect, the… Continue reading
Fridays with Fisher 