In the long-term care insurance segment, there has been a bunch of noise (might I say criticism) about how one will receive payment for care (either a cash benefit or as a reimbursement benefit). Let’s be serious about this … when you need a source of money for care, does it really matter if it... Continue Reading →
OneAmerica Sponsors PBS’s Caregiving
OneAmerica Financial believes that at the heart of insurance distribution lies a powerful truth: every policy delivered, every financial strategy crafted, and every family protected reflects a deep commitment to caregiving — not only in the traditional sense, but in how you care for your clients’ futures. That commitment is why OneAmerica is proud to... Continue Reading →
Funding Flexibility
One thing that makes Asset Care unique in the Asset Based long term care space is its funding flexibility. One of the more “famous” approaches is utilizing the only turnkey solution for funding using qualified money. That’s not what I am going to discuss today. As you are hopefully aware, Asset Care accommodates both single... Continue Reading →
Asset Care & Inflation
Last week while I was in New Jersey sharing the Asset Care 2024 story, I shared an opinion about inflation versus no inflation for an older age applicant. I said, “typically, I do not recommend adding inflation for someone age 70 or older because at a 3% compound rate, it will take XX years to... Continue Reading →
Thoughts From Vegas
Last weekend, I took a little trip to Las Vegas to see Kenny Chesney perform at The Sphere. If you have the chance to see any show at The Sphere – DO IT!!!!! It is amazing. Anyway, I had some time to reflect between the time I landed and the show. And, since I could... Continue Reading →
Planning for Tomorrow – LTC Outlook
Recently, Jeff Levin from OneAmerica Financial hosted a webinar focused on the LTC market outlook. Joining him were Amy Chinn and Jaime Meuller. The discussion highlighted 3 areas of significance; those were: Flexibility Simplicity Technology Simply – the world of LTC is evolving and we need to as well. Here is the full recording of... Continue Reading →
The Fed says …
Last week, I shared my opinion that we need to stop battling over which product design is best along with which claims payment methodology is superior. You know the stuff that we battle over inside the product ring. I also stated that we need to put our focus on planning. I’ve put some thought into... Continue Reading →
A Planning Problem
Quoting Bill Comfort, “A POLICY IS NOT A PLAN!” A policy is a means for funding a future obligation. That is the purpose for an insurance policy is to help people mitigate financial loss as a result of a certain event occurring. It is a risk management tool. That is all – it is a... Continue Reading →
More About Cash
Last week, I talked about cash and reimbursement policies. A few people took exception to a couple of the points that I made which prompted this week’s FWF. Pertaining to cash benefits, the point that I am attempting to make is that there is an extra level of responsibility that comes with access to the... Continue Reading →
The Burr Under My Saddle
There are fundamentally two ways for clients to receive benefits from a long term care insurance policy – as cash (indemnity) or via reimbursement. Which is better? Well, that depends upon which company you are listening to. Carriers who only offer cash tout it as the ultimate in control and flexibility. “You don’t need to... Continue Reading →
Consider the Cost
Most carriers offer some version of the cost-of-care guide or online tool. I get it. But, why are so many people still sharing the Genworth survey? They haven't sold a policy in years and are rebranding in an effort to re-enter the market that they had to abandon in order to survive. With so many... Continue Reading →
Tale of the Tape 2
Last week, I compared Asset Care 2024 with another carrier for a single female. Today, it's a couple.
Fridays with Fisher 
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