For the past few weeks, I have shared ideas and information about using qualified money as a funding source for Asset Care. What I have not done is share with you what it offers your clients. Aside from using a resource that will be required to be tapped for income by the age of 72... Continue Reading →
Use IRA to Fund LTC with Asset Care
Funding Asset Care with qualified money (traditional IRA, 401k, 403b, etc) is a simple concept. Here is what you need to know at a high level. You will certainly have questions - please contact Justin Fox at (844) 658-3725 or via email at justinfox.isp@oneamerica.com . Register for my upcoming webinar taking place March 5 at... Continue Reading →
Qualified Money Funds 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 →
SECURE Act Creates Opportunity
The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, was signed into law on December 20, 2019. The SECURE Act is aimed at increasing access to tax-advantaged accounts and ensuring that older Americans do not outlive their assets. But, it also contains some changes that create an... Continue Reading →
Asset Care & Executive Bonus
A Controlled Executive Bonus Plan — also known as a Restrictive Bonus or Section 162 plan — is an agreement that typically allows employers to use tax deductible money as a “bonus” to fund a life insurance policy for high-value employees. With Asset-Care, that policy also includes benefits for qualifying long-term care (LTC). This agreement... Continue Reading →
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 →
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 →
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 →
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 →
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 →
Focus on the Boom
Expanding on last week’s thoughts where I shared my frustration with our industry’s thirst for younger policy holders, I want to turn the focus from my cohort of “Generation X” to that of the “Baby Boom” generation. In our quest to grow our markets and reduce our risk, our focus has moved away from the... Continue Reading →
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 →
Fridays with Fisher 
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