Asset Care Recap of Highlights

Since the roll out of our new Asset Care products over the summer, many of our current producers have been pleased by the new opportunities that have been created. Here are a few reminders: 1.) Our qualified money solution has been enhanced and rebuilt to maximize the long term care benefits while minimizing taxes.  It … Continue reading Asset Care Recap of Highlights

E-Application Advantage

On thing that we’ve found is that submitting business using electronic application (eApp) has provided advisors with a few advantages. Along with the an assurance that an application submitted electronically is "in good order" (aka IGO), there are four additional benefits: Comp is paid faster Business cycle by 5-7 days A smoother client experience Reduction … Continue reading E-Application Advantage

Self-Insure = Risk Retention

According to The Motley Fool in an article from February 24, 2018, the average retirement lasts for 18 years and begins at age 63. While the article is focused on retirement duration and shares a few facts about longevity, it opens the door for a conversation about the biggest financial risk to the retirement plan … … Continue reading Self-Insure = Risk Retention

Funding Sources – The Question

52% of people age 65 will need some form of long term care? This number still indicates that there is a significant risk that an extended healthcare event will occur at some time.  I don’t really care which statistic that you like (70% or 52% or something otherwise). It comes down to this – you … Continue reading Funding Sources – The Question

A Little Pool Anyone?

Here we go again – the discussion of addressing the extended healthcare (aka long term care) funding issue.  For many, self-funding ends up being the answer.  By default or by decision, people elect to bear the full burden of the cost associated with an extended healthcare event and not elect an insurance-based solution. So, here … Continue reading A Little Pool Anyone?

Q&A – Funding Sources

Question:  Do you have anything that outlines all of the ways to pay premiums for Asset Care and/or Annuity Care? Answer:  We certainly do.  The piece is a concise graph that shows the many ways that premiums can be funded. Two things to remember, for recurring premium Asset Care, the premium durations can be 5 … Continue reading Q&A – Funding Sources

Asset Care Return of Premium

Live, Die, Quit – that has been the mantra for asset-based / linked benefit / hybrid Long Term Care solutions since their inception three decades ago.  (Have I mentioned that only OneAmerica and one other carrier have that experience?) We often focus on the Live and Die scenarios.  If you require care while you are … Continue reading Asset Care Return of Premium

Q&A – Qualified Money Funding – 457

Question: Can a 457 plan be used in conjunction with Asset Care funding with qualified money? Answer:  There are two types of 457 arrangements.  One is a governmental 457(b) which can be rolled over to an IRA.  So, we would suggest that the governmental 457(b) be rolled over to an IRA, or merely take the distributions … Continue reading Q&A – Qualified Money Funding – 457