Asset Care… Asset Care & Executive Bonus 13 Dec 201912 Dec 2019 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…
Care Solutions… IRS LTC Numbers for 2020 22 Nov 201911 Nov 2019 Every year around this time, we start sharing numbers for the following year's planning. Here are the inflation adjusted LTC numbers for 2020 that you might find useful. With the…
Annuity Care… Self-Funding isn’t Self-Insurance 25 Oct 201914 Oct 2019 Last week, I shared my opinion about self-insurance. In reality, self-insurance is pure risk retention. Said another way, it is self-funding without any “stop-loss” provisions. At a minimum, reviewing the…
Care Solutions… Self-Insure = Risk Retention 18 Oct 201914 Oct 2019 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…
Annuity Care… A Little Pool Anyone? 20 Sep 201922 Aug 2019 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…
Asset Care… Qualified Money for LTC 30 Aug 201922 Aug 2019 Earlier this week, an advisor (we will call him Andy) called me with an interesting question. It went something like this: “I have a client – a single man who…
2017 CSO Launch… It’s Long Term Care for a Reason 9 Aug 201929 Jul 2019 The fastest way to impoverishment or to destroying a retirement income strategy or to impact multiple generations physically, emotionally, and financially is not an extended healthcare event. It is not adequately…
2017 CSO Launch… History of Innovation 2 Aug 20192 Aug 2019 Asset-based LTC, aka hybrid or linked linked benefit, have existed since 1988. OneAmerica stakes a claim to being the premier innovator of this space. There is only one other carrier…
Annuity Care… Income and LTC 12 Jul 201926 Jun 2019 Forbes published an article on April 16, 2019 that shared “Comparing The 3 Most Popular Retirement Income Strategies”. According to the article, there are three common approaches: Systematic Withdrawal Strategy…
Annuity Care… Not So Average Care 5 Jul 201925 Jun 2019 The following stats are posted on LTC.gov: someone turning age 65 today will have a 70% chance of requiring “some” long term care services and/or support in later years women…
2017 CSO Launch… Asset Care for Qualified Money 28 Jun 201911 Aug 2019 One funding approach that has been unique to Asset Care is the "self contained" funding strategy for qualified money and non-qualified deferred annuities. In the original series product, these were…
2017 CSO Launch… Q&A – Premium Modes for Asset Care 28 Jun 201920 Jun 2019 Question: With the release of the "new" Asset Care, are the premium modes being changed? Answer: We have made changes to our funding options. As we have done in the…
