Asset Care
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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 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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Use Qualified Money
Last week, I spoke about using qualified money as a funding vehicle for an Asset Care policy. I even called out other carriers who offer something like the strategy using a Single Premium Deferred Annuity (which is not a turn-key solution). PLEASE NOTE: This is not an endorsement for any particular strategy. It is simple… Continue reading
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Just like OneAmerica but …
I’ve been on a tear for the past couple of weeks about other carriers being “just like OneAmerica”. The only thing worse is when they spin something that OneAmerica has done for decades as something new. It’s not new … it’s asset-based long-term care. That has been a planning solution for nearly 4 decades. And,… 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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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
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Ask “what if” to that other annuity solution
Over the past few weeks, I’ve shared, thus the use of Annuity Care & Indexed Annuity Care for both a nonqualified and qualified annuity funding opportunity for LTC funding. Along with that, I shared the only turn-key strategy in the industry with Asset Care. They all garnered push-back from people telling me, “I can do… Continue reading
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Qualified Money Funding with Annuity Care
So, your advisor tells you that your “$1.5 million is enough to self-insure.” For over a month, I have challenged that premise using a scenario that represents an average duration situation 10 years in the future using today’s dollars as a cost benchmark. Needless to day, after a 3 year duration situation, the account value… Continue reading
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A million five and the qualified money idea
For the past few weeks, we have been focusing on the statement from an advisor that $1.5 million is enough to “self-insure” (his words not mine). Last week, I shared the leverage story of using annuity dollars and Annuity Care II as a way to improve the situation. As I have come to expect, the… Continue reading
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$1.5 million and how I got there
Last week, I shared my concern about the fallacy of having $1.5 million in assets (excluding your home’s value) being enough to skip LTC insurance. Boy, did I get some feedback on that – some was supportive; some was not so kind. If you recall, I did say “you can rip this apart in a… Continue reading
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Is $1.5 million enough?
Over the past hour today, I have read several articles from investment gurus and insurance organizations that have ruffled my feathers. In one article from an insurance trade group, it said “if your net worth is at least $1.5 million (not including the value of your home), you can safely skip buying long term care… Continue reading
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Planning Objections
In last week’s Fridays with Fisher, I shared with you a bit about conducting a planning conversation with your clients. I shared a few tips to help with the quality of your conversation as well as the OneAmerica Financial Plan for Care worksheet. One thing that I mentioned briefly in past posts about client plan… Continue reading
Fridays with Fisher 