Fridays with Fisher
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Q&A -Need Tax Info
Question: All of this stuff that you mentioned in the last article has got me wondering if you have resources available that can help answer design strategies and/or tax questions. What do you have? Answer: Depending upon the nature of your question, we have many resources for you. Here is a list of some. Asset-based LTC… Continue reading
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Individual Policy 1035 Funds Joint Policy
YOU NEED TO READ THIS ARTICLE AS IT EXPLAINS HOW THIS CAN BE ACCOMPLISHED. Earlier this week, I was asked if there is a way to fund a joint policy using a 1035 exchange from an individual policy. Before I go any further, the basic rules for a 1035 exchange are: the exchange must be… Continue reading
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Q & A – PPA & Annuities
Question: What does the Pension Protection Act do for deferred annuities? Answer: Starting on January 1, 2010, cash value withdrawals from specific annuity contracts used to pay for qualifying long-term care expenses or to pay qualifying long term care insurance premiums, are no longer taxable income but considered as a reduction of cost basis. And, benefit payments… Continue reading
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Look at Your Annuity Clients
Do you remember the Eveready Battery ad with Robert Conrad? Where he pitches the product and the says “I dare ya”. Well, this is my Robert Conrad – Eveready Battery moment … Take a look at any your book of business, take a good honest look at all of your clients. I dare you to… Continue reading
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Annuity Care II Efficiently Funding LTC
Let’s dive into your client base an dissect it a bit. Find those client’s who elect to “self-fund” their LTC protection and have monies set aside for liquidation in deferred annuities, or a money market account, or certificates or deposit, or simply cash. Let’s dig a little deeper – in this case, we are looking… Continue reading
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Q&A – Guaranteed Benefits
Question: Premiums are guaranteed for both the base policy and continuation of benefit rider (Asset-Care & Annuity Care). Are there other elements of the policy that are guaranteed? Answer: There are guaranteed elements of every policy that extends beyond the premium. With Asset-Care I & IV, for example, the minimum guaranteed benefit that will be… Continue reading
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Guarantees Matter
If you’ve been around anyone from OneAmerica, one important element of all of our Care Solutions products is the guarantees that the products provide. Let’s focus specifically on Asset-Care. For those of you who have either not heard this or are new to Asset-Care, not only do we provide a guaranteed minimum benefit that will… Continue reading
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Indexed Annuity Care Guaranteed Growth for LTC
Indexed Annuity Care is not intended to replace another annuity product that is intended to generate income. It is designed to provide a protection buffer for other income producing assets. Like many indexed annuities, Indexed Annuity Care offers upside growth with downside protection while in the accumulation phase BUT it is the ONLY indexed annuity… Continue reading
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Q & A – Annuity Care II
Question: How does Annuity Care II differ from Annuity Care? Answer: I will be brief, Annuity Care II is the only product in the Care Solutions portfolio where the Continuation of Benefit rider is not optional, does not offer a lifetime benefit, and is funded from the underlying annuity cash value. Continue reading
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Annuity Care – tax free LTC for life
When most people think about annuities, they do not think of long term care. Think think of either what Ken Fisher (no relation) is shouting about how bad annuities are or the income feature that they have been sold as part of a VA or indexed product. This is shallow thinking on both parts if… Continue reading
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Duration of Protection
It frustrates me to no end when “an expert” declares that anything more than a few years is overkill and a waste of money. Really? Are those folks able to look in a crystal ball and read the future for their client and with 100% certainty say that an extended healthcare event will not exceed… Continue reading
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Q&A -New Business Process Guide
Question: Is there a resource to help navigate the new business process? Answer: We have produced an excellent resource for you called the New Business Process Guide that can help you navigate the process. Continue reading
Fridays with Fisher 
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