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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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Q&A – Guaranteed Benefits
Question: Premiums are guaranteed for both the base policy and continuation of benefit rider (Asset-Care & Annuity Care). Are there other elements of the policy that are guaranteed? Answer: There are guaranteed elements of every policy that extends beyond the premium. With Asset-Care I & IV, for example, the minimum guaranteed benefit that will 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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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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Q&A -New Business Process Guide
Question: Is there a resource to help navigate the new business process? Answer: We have produced an excellent resource for you called the New Business Process Guide that can help you navigate the process. 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
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Q&A – underwriting inquiry
Question: What tools do you have to provide guidance from an underwriting perspective? Answer: I highly recommend first consulting the Asset-Care Ineligible Impairment list, the Annuity Care Ineligible Impairment List, or Underwriting Guide for some quick guidance then complete and submit the Pre-Underwriting Inquiry Survey to underwriting who will review the information and within 24 hours offer… Continue reading
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Eligible Person
As you have read in previous installments of Fridays with Fisher, the Pension Protection Act created an opportunity for your clients to fund any of our Annuity Care products via IRC section 1035 exchange from cash value life insurance or deferred annuity proceeds (cash can also be used as a funding source). With our Annuity Care products, a single annuitant can… Continue reading
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