Annuity Care
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According to Gemini – funding LTC
It’s August and hot and humid and energy sucking. Which means that I got lazy and used AI to prime the creative pump. I asked AI the following question: “what is the best strategy to fund a long-term care event” Before I go any further and share the response, you need to pay attention to… Continue reading
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Annuity Exchange
If you are not familiar with what a Pension Protection Act compliant deferred annuity does … this 1 minute video will give you a highlight of what it does. Remember this …. not all deferred annuities meet the requirements to be PPA compliant. This means that income doublers & confinement waivers DO NOT meet that… Continue reading
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Plan – Plan – PLAN!!!!!
30+ years ago when I started in this industry as a career agent in Keene NH – the tagline used by the insurance company that I represented was “you cannot predict but you can prepare”. For many of us, we’ve all witnessed the impact of planning first-hand – in our families, amongst our circle of… Continue reading
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Consider the Consequences
I’ve done this before – asked AI for their summary of a topic. Today, I asked it to explain the consequences of not having a long term care plan. Here is what it said. “Neglecting long-term care (LTC) planning can lead to the rapid depletion of life savings, loss of control over your care preferences,… Continue reading
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Can you self-fund?
A short time ago, I was looking at the Federal Long Term Care Insurance Program website and came across a page dedicated to self-funding. First off – I was excited that they actually used the terminology self-funding and not “self-insurance”. It is my premise that “self-insurance” in the context of LTC planning is faulty as… Continue reading
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Claims – it’s more than just money
I’ve said this before and it is something that I believe is worth reiterating. OneAmerica Financial offers more than just money to pay for a long-term care claim. OneAmerica offers resources. Many of our peers do an exceptional job of selling their solutions on the vision of having money to use as you like and… Continue reading
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Caregiving Conversation Podcast
OneAmerica Financial offers a bi-monthly podcast called “Caregiving Conversations” – it can be found on the OneAmerica website at https://www.oneamerica.com/insights/podcasts-and-webinars The most recent podcast featured a conversation between OneAmerica Financial Vice-President of Claims Amy Chinn and Amanda Clark-Wahl from Cocktails & Caregivers who shared her personal caregiving story and the mission behind her nonprofit. Amanda’s… Continue reading
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Qualified Money in Annuity Care Example
Last week, I shared information about using qualified money with the Annuity Care products. This week, I am sharing a quick example. Remember, this strategy employs both the base annuity and the continuation of benefits rider which means that the client needs to be insurable by Annuity Care standards. Remember, we can write up to… Continue reading
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Qualified Money with Annuity Care
A question that occasionally comes up is can I use qualified money with a product like Annuity Care? The answer is that we will accept qualified money in the base portion of Annuity Care 1 or Indexed Annuity Care. We cannot accommodate qualified money with Annuity Care 2. All of this comes with a giant… Continue reading
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Just Like OneAmerica except …
Last week, I shared a little bit of what I hear from many people who are unaware of the OneAmerica Financial Care Solutions product suite. In many cases, it starts with an idea of leveraging annuity money into tax-free long-term care benefits (something that OneAmerica has done for 2 decades). And, expands when I hear… Continue reading
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Just like …
This past week I’ve heard a lot of people say, “just like XYZ’s product” when referring to Annuity Care. This really pisses me off. First – that other carrier’s product is a clone of Annuity Care. In this case, the most often cited product clone is a clone of Annuity Care II. Next – that… Continue reading
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Underwriting – Get off to a good start
This week, I want to pull your attention from the annuity product solution and talk about underwriting. At OneAmerica Financial, all of the asset-based LTC solutions are underwritten. And, the level of underwriting is dictated by the product, plan design, funding strategy, and client dynamics such as age and health. Here is an important reminder… Continue reading
Fridays with Fisher 