Long Term Care
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Is it covered?
I have a few concerns about using life insurance as a funding strategy for long term care. I don’t mean in the sense of a true linked benefit / asset-based LTC product like Asset-Care. What I am referring to is the “add-on” coverage provided by a rider on the life insurance policy. “Oh, by the… Continue reading
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Q&A – Indemnity v Reimbursement
Question: There are a couple companies who offer indemnity plans. Do you have any information how they compare to reimbursement plans? Answer: We certainly do. As a matter of fact, we also have a PowerPoint that can accompany this Indemnity v Reimbursement one pager. To get the PowerPoint, please contact Justin Fox. 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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Look at Your Annuity Clients
Do you remember the Eveready Battery ad with Robert Conrad? Where he pitches the product and the says “I dare ya”. Well, this is my Robert Conrad – Eveready Battery moment … Take a look at any your book of business, take a good honest look at all of your clients. I dare you to… Continue reading
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Annuity Care II Efficiently Funding LTC
Let’s dive into your client base an dissect it a bit. Find those client’s who elect to “self-fund” their LTC protection and have monies set aside for liquidation in deferred annuities, or a money market account, or certificates or deposit, or simply cash. Let’s dig a little deeper – in this case, we are looking… 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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Q & A – Annuity Care II
Question: How does Annuity Care II differ from Annuity Care? Answer: I will be brief, Annuity Care II is the only product in the Care Solutions portfolio where the Continuation of Benefit rider is not optional, does not offer a lifetime benefit, and is funded from the underlying annuity cash value. Continue reading
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Annuity Care – tax free LTC for life
When most people think about annuities, they do not think of long term care. Think think of either what Ken Fisher (no relation) is shouting about how bad annuities are or the income feature that they have been sold as part of a VA or indexed product. This is shallow thinking on both parts if… Continue reading
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Duration of Protection
It frustrates me to no end when “an expert” declares that anything more than a few years is overkill and a waste of money. Really? Are those folks able to look in a crystal ball and read the future for their client and with 100% certainty say that an extended healthcare event will not exceed… 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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