Funding Sources
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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
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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
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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
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Qualified Money Funding with Annuity Care
So, your advisor tells you that your “$1.5 million is enough to self-insure.” For over a month, I have challenged that premise using a scenario that represents an average duration situation 10 years in the future using today’s dollars as a cost benchmark. Needless to day, after a 3 year duration situation, the account value… Continue reading
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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
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Leverage the annuity asset class
Last week, when we were looking at the million and a half of “self-funding”, I shared an idea to improve their “self-funding” strategy. That strategy calls for dedicating a pool of resources specifically for long-term care funding when it is needed. If you recall, the 70 year old couple had a portfolio comprised of 33.3%… Continue reading
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A million & a half made better
Last week’s post received a ton of feedback. Thank you for your opinions. Remember what I said? The scenario can be ripped apart in a bunch of different ways and it was a small amount of effort that I put in to demonstrate how an AVERAGE long-term care event can totally disrupt a plan. In… Continue reading
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Review Your Clients
Last week, I shared with you 3 of my goals for the first quarter of the year. One of them is to collaborate with agents & advisors to identify opportunities within their existing book of business. Regardless of how you dissect your book of business, there is one thing that you need to do –… Continue reading
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Leverage is more than insurance
For the last couple if weeks, I have been sharing the terminology leverage as it relates to a long term care funding strategy. Of course, this is unique to insurance solutions where pennies are leveraged into dollars. Have you considered that there is another form of leverage that can be applied to the long term… Continue reading
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My Leverage Conversation
I had a conversation a short time ago with an advisor asked him to prove to me his allocation strategy was solid enough to meet my two basic retirement objectives – income in retirement I will not outlive as well as leave some money for my children and grandchildren. It all went really well until… Continue reading
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Leverage or Self-Funding
Here is a little nugget that is often overshadowed with false optimism. It comes in a few different forms but ultimately boils down to people thinking that it will not happen to them. Regardless of the reason – people believe that they are exempt from a long-term care situation. Worse yet is the cluster of… Continue reading
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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
Fridays with Fisher 