Joint Policy
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Q&A – “New” Waiver of Premium
Question: With Asset Care, how does the “new” waiver of premium work? Answer: With the updated Asset Care, the way the waiver of premium (WOP) functions has changed. Simply, the WOP waives charges for both the base policy and Continuation of Benefit Rider when an insured is on claim. Once the claim ceases, the premium… Continue reading
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Q&A -PA & MA
Question: Will the “new” Asset Care be approved in Pennsylvania and Massachusetts? Answer: Yes! The “full” product will be available. This means that on July 1, joint policies will be available for PA residents and the Continuation of Benefit will be available in MA. Continue reading
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Asset Care Revisions Coming in July
This should come as no surprise. Noise about Asset Care changes has been swirling around for months. A couple weeks ago, we announced the changes that are targeted to roll out in July. Here are a few of the enhancements that you will see in the updated Asset Care. zero day elimination period for home… Continue reading
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Asset-Care … Five Points
Let’s have a little talk about Asset-Care. Specifically, I want to highlight five points that separate Asset-Care from the pack. Joint-LTC Benefit Asset-Care’s joint solution offers a unique value as it is the ONLY asset-based LTC policy that offer true joint benefit. When coupled with the lifetime continuation of benefit rider, it is untouchable by… Continue reading
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Q&A -Need Tax Info
Question: All of this stuff that you mentioned in the last article has got me wondering if you have resources available that can help answer design strategies and/or tax questions. What do you have? Answer: Depending upon the nature of your question, we have many resources for you. Here is a list of some. Asset-based LTC… Continue reading
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Individual Policy 1035 Funds Joint Policy
YOU NEED TO READ THIS ARTICLE AS IT EXPLAINS HOW THIS CAN BE ACCOMPLISHED. Earlier this week, I was asked if there is a way to fund a joint policy using a 1035 exchange from an individual policy. Before I go any further, the basic rules for a 1035 exchange are: the exchange must be… Continue reading
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Guarantees Matter
If you’ve been around anyone from OneAmerica, one important element of all of our Care Solutions products is the guarantees that the products provide. Let’s focus specifically on Asset-Care. For those of you who have either not heard this or are new to Asset-Care, not only do we provide a guaranteed minimum benefit that will… Continue reading
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Indexed Annuity Care Guaranteed Growth for LTC
Indexed Annuity Care is not intended to replace another annuity product that is intended to generate income. It is designed to provide a protection buffer for other income producing assets. Like many indexed annuities, Indexed Annuity Care offers upside growth with downside protection while in the accumulation phase BUT it is the ONLY indexed annuity… Continue reading
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Joint Asset-Care
Asset-Care is a unique life insurance based long term care solution that can cover 2 people on 1 policy. When coupled with our lifetime benefit option, Asset-Care has no equal. The strategy is so leading edge that it sports patent number 6,584,446. Simply, the Asset-Care joint strategy creates one pool of long term care benefits… Continue reading
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Divorce & Joint Asset Care
A Pew Research Study of divorce discovered an alarming statistic, divorce rates for couples aged 50+ have increased over 100% from 1990 to 2017. This presents a challenge for survivorship / joint insurance policies. On a traditional life insurance side, some carrier have addressed this situation by providing a “policy split option” where each spouse… Continue reading
Fridays with Fisher 
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