Category: Joint Policy

Just for the kicks – AI says …

Just for the kick of it, I asked ChatGPT to “WRITE AN ARTICLE ABOUT LONG-TERM CARE PLANNING” and this is what it spilled out. Long-Term Care Planning: Why It’s Essential for Your Future When most people think about their future, they envision retirement, travel, and spending time with family. However, there’s another important aspect that... Continue Reading →

Time to Get Personal

Last week, I talked about reviewing your book of business and combing for opportunities within your client base.  This week, I will talk about reviewing someone’s long-term care plan. “You talk about that all the time,” you say. That is true.  Today, however, I am making it personal.  I want YOU to review YOUR plan... Continue Reading →

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 →

Reflections on Asset Care     

This past week, I did the first Asset Care launch meeting in New Jersey for the updated product. This leaves Connecticut as the only state in the northeast awaiting the revised product.  (Reminder, OneAmerica Financial does not offer products in New York state.) Here are a few observations from the meetings. The “big win” was... Continue Reading →

The Burr Under My Saddle

There are fundamentally two ways for clients to receive benefits from a long term care insurance policy – as cash (indemnity) or via reimbursement.  Which is better?  Well, that depends upon which company you are listening to.  Carriers who only offer cash tout it as the ultimate in control and flexibility.  “You don’t need to... Continue Reading →

Qualified Money Self-Directed Strategy

We have been talking a lot about using qualified money to fund Asset Care.  That has obviously hit a chord given all the feedback that I’ve received. If you will recall, I have never said that the OneAmerica Financial strategy for funding a policy is the only way to do it.  I have said that... Continue Reading →

Funding LTC – Qualified Money

Heads will start exploding with this declaration, but it is a fact.  Qualified money can be used to fund long-term care. That money, however, will be taxed as ordinary income when it is distributed.  Simply, there is no provision in the Internal Revenue Code that allows for tax-free distributions from a qualified retirement plan such... Continue Reading →

Cost of informal care

As you can tell, I have focused much of my Fridays with Fisher discussions on informal caregiving.  This is inspired by the changes to Asset Care where informal care is covered benefit with a zero day elimination period!  To learn more about the informal care benefit with Asset Care 2024, contact my internal sales partner... Continue Reading →

A little about informal care

Last week, I talked about a variety of types of care that are available when an extended care / long-term care situation arises.  Remember, there are two types of care – formal and informal. As a reminder, informal care is the most prevalent care provided and it generally comes from an untrained individual like a... Continue Reading →

Levels of Care

Last week, I shared with you a bit about Asset Care 2024 and how it offers more than simply money to pay for care. I shared the care benefit concierge (claims concierge), coordination of benefits provision, and caregiver consultant for those who elect informal care. One thing that I neglected to include in the Fridays... Continue Reading →

Website Built with WordPress.com.

Up ↑