Fridays with Fisher
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Q&A – Legacy Care Consumer Pieces
Question: Do you have any consumer pieces for Legacy Care? Answer: We have produced a Legacy Care Client Brochure which shares the basics about the annuity. Continue reading
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Beneficiary Options for Legacy Care
It is important for all of us to be aware of our options and Legacy Care beneficiaries are no different. As with other annuity contracts, Legacy Care beneficiaries have several ways in which they can receive their proceeds. Spousal beneficiary When a Legacy Care policy owner dies before the maturity date and the named beneficiary is a surviving… Continue reading
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Solution to a Maturing Annuity
With trillions of dollars of non-qualified deferred annuities on the books and an aging population, an opportunity exists for you to provide a solution to those long time annuity holders who face the prospect of a maturing annuity contract. Let’s say Mrs. Smith is 90 years old, has a deferred annuity with $190,000 of value… Continue reading
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Initiating a Claim
Question: How does a client initiate a claim? Answer: Initiating a claim is pretty simple. Contact OneAmerica Claims at (800) 275-5101, Option 3. This will connect you directly to a OneAmerica Claims Associate who will initiate the claims process. For your reference, this “Steps to Filing a Claim” information sheet details the process and the information… Continue reading
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Claims Concierge
Our promise is to be there when our policyholders (and their loved ones) need us. There is no more important time during our relationship then when an extended healthcare event occurs. How OneAmerica® Care Solutions Claims Concierge works: When a policyholder needs extended care, call us first. The sooner you call, the sooner we can start… Continue reading
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The LTC Claim
We are in a relationship business providing a promise to provide a financial solution to a family when they most need it. Please, take a moment to view this video. We share our Claims Concierge story. (This is consumer approved.) I dare you to be a “tough guy” and not be touched by the story. In… Continue reading
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Q&A – COB tax deductibility
Question: I am correct that the Continuation of Benefit Rider premium may be deductible? Answer: That is correct. Depending upon a who the premium payer is and how they file their taxes – premiums may be deductible. Our Tax Guide can address this from an individual plan to one paid for by a C-corp – it is a very useful tool for… Continue reading
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Q&A – broker of record
Question: What does an agent who is currently appointed with OneAmerica need to become a servicing agent on a policy? Answer: All of the following are required: A completed Service Request form, signed by the policyholder must be submitted Agent must be licensed in residence state and all states that policies are in Agent must be have LTC… Continue reading
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1035 Exchange & the Transfer Annuity
Let’s set the stage. The advisor and client agree that Annuity Care is the best way to address their LTC concern. It seems like a slam dunk, the client has a boatload of nonqualified money parked in an index annuity and they want to carve off a small portion to fund their protection. The problem arises. The ceding carrier… Continue reading
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Revenue Neutral Solution
Often times, I am asked for my advice on what product to use and when. My initial response is always going to be “that all depends”. The OneAmerica Care Solutions portfolio is NOT cookie cutter or one size fits all. It is dynamic and capable of providing a LTC funding solution based upon the unique needs, wants,… Continue reading
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Q&A – incentive trips
Question: Does OneAmerica offer a producer trip? Answer: The 2020 Leaders Conference is slated for the Caribbean island of Nevis. The Leaders Conference is scheduled for June 6 – 10. Qualifying runs from January 1, 2019 – to December 31, 2019. To become eligible, producers must generate 1,250,000 production credits. CLICK HERE TO VIEW QUALIFYING CRITERIA. Continue reading
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Public Safety Officers
Clients who are retired public safety officers can purchase long-term care insurance and then use retirement funds to fund Continuation of Benefits coverage income-tax free. Retired public safety officers can request up to $3,000 per year from their eligible government retirement plan to pay for tax-qualified long-term care (LTC) insurance premiums for themselves, their spouse… Continue reading
Fridays with Fisher 