Fridays with Fisher

June 21, 2019

Single Premium Drop In – NEW FEATURE

With the launch of the new Asset Care, a truly new feature is being introduced – the Single Premium Drop In Rider (SPDR). This rider will be available only with the new Asset Care when funded using recurring premiums. It will be available on July 1 when the product launches. For July 1 launch states,… Continue reading

Asset Care, Continuation of Benefit Rider, Fridays with Fisher, Funding Sources, Guarantees, Joint Policy, Long Term Care
June 21, 2019

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

Asset Care, Care Solutions, Continuation of Benefit Rider, Fridays with Fisher, Funding Sources, Joint Policy
June 14, 2019

Waiver or Premium / Elimination Period

Let’s take a look at two of the new features that you will find in the Asset Care product relaunch in July – waiver of premium and the elimination period. Frankly, this is a pretty significant upgrade. The revised waiver of premium waives the policy premium for BOTH the base and Continuation of Benefit Rider… Continue reading

Asset Care, Care Solutions, Continuation of Benefit Rider, Fridays with Fisher, Legacy Care, Long Term Care
June 14, 2019

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

Asset Care, Care Solutions, Continuation of Benefit Rider, Fridays with Fisher, Guarantees, Joint Policy
June 7, 2019

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

Asset Care, Continuation of Benefit Rider, Fridays with Fisher, Funding Sources, Guarantees, Joint Policy, Long Term Care, Underwriting
June 7, 2019

Q&A – Transition Rules for Asset Care

Question: What are the transition rules for Asset Care product launch in July? Answer: The transition rules for Asset Care are as follows: June 28, 2019 eApps must be locked (apps not yet signed but sent for signature) Interview must be ordered with LTCG Signed paper app must be received by Home Office by end… Continue reading

Asset Care, Fridays with Fisher
May 31, 2019

I’ve got this

A long term care claim does not need to be permanent for an insured to receive benefits from a policy. As noted in “Is it covered?”, life insurance with chronic illness riders will not provide coverage for services that are not permanent in nature. True LTC policies (traditional and asset-based), cover both permanent and recoverable maladies.… Continue reading

Annuity Care, Asset Care, Care Solutions, Claims, Continuation of Benefit Rider, Fridays with Fisher, Long Term Care, Underwriting
May 31, 2019

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

Asset Care, Claims, Fridays with Fisher, Long Term Care
May 31, 2019

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

Fridays with Fisher, Long Term Care
May 24, 2019

Q&A – Funding with SPIA

Question: Last week, you shared the funding sources. Am I correct to assume that a single premium immediate annuity is a viable funding strategy? Answer: The “LTC Protection at Your Fingertips” piece that you mention is an excellent source for high-level funding information. Now to your question, yes – a SPIA can be utilized as… Continue reading

Continuation of Benefit Rider, Fridays with Fisher, Funding Sources
May 24, 2019

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

Asset Care, Continuation of Benefit Rider, Fridays with Fisher, Funding Sources, Guarantees, Joint Policy
May 24, 2019

Gifting LTC

So, you want some ideas – here is one that I think is pretty cool – using a gifting strategy to purchase LTC protection. When your client’s have their LTC funding plan in place, they may wish to help others. Anyone can make a gift into a Care Solutions product. One idea is to gift… Continue reading

Asset Care, Continuation of Benefit Rider, Fridays with Fisher, Funding Sources, Taxes & Trusts

About FWF

I launched Fridays with Fisher as a way for me to share ideas and information related to extended healthcare / long term care and funding solutions provided by the OneAmerica Care Solutions product suite.

Every week, I share a new idea via email and post it to the the Fridays with Fisher Archives (where you are currently located).

Everything is for producer use only unless specifically noted otherwise.