Funding Sources
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Deep Dives
As the leader in asset based long term care, OneAmerica does not believe in a “one size fits all” approach to long term care funding. From pay-as- you-go to annuities to qualified money to 1035 exchanges, the Care Solutions portfolio offers premium flexibility. On top of that, Care Solutions products can provide benefits for a… Continue reading
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New Year’s Challenge
Well, it is over. The mess of 2020 has ended and I, for one, am looking forward to getting started in 2021. One thing for certain that 2020 gave us is that it forced us to “get outside of the box”. Think about how many times that you wrote that down as your goal or… Continue reading
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Riverboat or Yacht
Yesterday, I shared a video that I shot from the banks of the Savannah River. While it was somewhat “lame”, the intent is to illustrate an analogy that I have heard a few folks use regarding deferred annuities. Simply – the question that is asked to advisors is “are you talking to your clients about… Continue reading
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More Than One Way To Pay
One thing that we always discuss from a planning perspective is how will you pay. How will you pay for care if it is needed ? How will you pay if you have to provide care yourself? How will you pay the premium for your policy? As Harley Gordon says, every decision has consequences. And,… Continue reading
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Qualified Money
As part of our Leading Tomorrow with One America speaker series, Ed Slott – America’s IRA expert shared his insights into IRA and qualified money. I am not going to dive into the Asset Care solution being funded by qualified money discussion. That is for another time – what I am going to do is… Continue reading
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New Life to Old Annuities
Here is the scenario. You have a client who is 75 years old and has positioned a her emergency healthcare funds in a fleet of non-qualified deferred annuities. In fact, her intention is to liquidate her annuities to pay for her care. As you know, those gains will be taxed at distribution and could potentially… Continue reading
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Use Income to Fund Asset Care
You hear it all the time – the best leverage that you can get is from an insurance policy that you pay on a monthly basis. (Did you know that we can do that with Asset Care?) You’ve also heard that the biggest frustration that people have (or had) with traditional long term care policies… Continue reading
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Drop-in to Get More Benefits
Let me paint a picture for you. You are working with a client who is looking to fund their Asset Care policy. They have worked with you to identify possible funding sources and you identify a couple of small cash value life insurance policies as possible resources. The problem is that the cash value from… Continue reading
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The 1035 and Annuity Care
Remember, the ideal funding source for any Annuity Care solution comes from an existing nonqualified deferred annuity with gain. Also remember, this is simply a repositioning strategy which does not impact your client’s current income or taxes. A problem that occasionally arises is that the amount of money in the existing annuity is large and… Continue reading
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Return of Premium – Asset Care
As we have been navigating through this complicated time, one consumer concern that has been brought up often is the desire to maintain liquidity for an emergency. This has led to inaction where the LTC exposure is not addressed or a funding strategy where recurring premium strategy is used to fund Asset Care. Did you… Continue reading
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Using Qualified Money for LTC
You probably know some people with IRAs, 401(k)s, or 403(b)s – right? Qualified dollars have their issues You can’t avoid eventually paying taxes on pre-tax money that grows tax-deferred. Required Minimum Distributions (RMDs): Money needs to be taken out beginning at 72, whether your client wants it or not. When qualified money passes to heirs… Continue reading
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Consumer Seminar Preview on 6/23
If you have been paying attention to my emails and social media accounts, Michael Florio and I will be presenting to (and for) you “The Great Retirement Income Gap” consumer-approved presentation on June 23 at 3pm. Continue reading
Fridays with Fisher 
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