Solutions for Long-Term Care Planning
Below are some of the most popular solutions being utilized today! Please click on the links below to view a video on the specific solutions, and if appropriate, share the link with your clients and prospects. We look forward to discussing your clients' LTC Planning needs and customizing solutions to meet those needs.
OneAmerica AssetCare Solutions
For clients concerned about Healthcare In Retirement, OneAmerica Care Solutions offers guarantees that traditional long-term care insurance simply cannot. Many of those traditional products have experienced significant product changes in the past few years, along with unexpected premium increases and even carriers leaving the market altogether. Through it all, OneAmerica's AssetCare has continued to provide your clients with LTC benefits built on a solid life insurance chassis to guarantee:
- Premiums never increase
- LTC benefits never decrease
- Cash value growth
- The option to select a Lifetime Benefit
- Death benefits are available if not used for LTC
- The option to have your premium returned
Nationwide CareMatters Together
Nationwide CareMatters Together is the first cash indemnity, "hybrid" joint-life LTC solution. There's one pool of money for both people being insured that can be used in any combination of benefit payments, with a death benefit that ensures your client's premium won't be lost should care not be needed. The brief video below will explain how Nationwide CareMatters Together is designed to offer couples a robust option to help them prepare for the future and address Healthcare In Retirement.
Nationwide CareMatters II is a "hybrid" solution that provides LTC coverage with a death benefit that ensures your client's premium won't be lost should care not be needed. The brief video below will explain how Nationwide CareMatters II was designed to offer your clients familiarity, choice, and flexibility as you help them prepare for the future and address Healthcare In Retirement.
Mutual of Omaha MutualCare Secure
Secure Solution is a traditional long-term care policy that allows people to plan ahead for their long-term care needs. By adding this measure of security to their retirement portfolio, they know that a portion of their long-term care expenses will be covered. MutualCare® Secure. It may be appropriate for:
- Customers looking for easy-to-understand benefits and the security of knowing they have some measure of asset protection.
- Advisors who like a product with a simple design and traditional benefits.
OneAmerica AnnuityCare Solutions
Make sure your clients’ nonqualified annuities are aligned with their financial planning goals!
The Power of The Pension Protection Act (PPA) allows income tax-free withdrawals from specially designed nonqualified annuities to pay for qualified Long-Term Care (LTC) expenses, regardless of cost basis. This allows clients to protect their retirement by guaranteeing funds are available for qualified LTC expenses. By exchanging a current annuity for an annuity that qualifies for the PPA advantages, your clients can be matched with a vehicle that leverages their old annuity to better meet their LTC Planning needs while providing significant tax advantages.
Before any annuity exchange, various factors
should be weighed to verify the client’s best interest.
SecureCare is a permanent life insurance policy providing cash indemnity benefits for long-term care (LTC) that can protect a client's family and assets if/when LTC is needed. This solution may be appropriate for those who want to protect their assets from the rising costs of LTC, with the features, flexibility, and guarantees of an LTC plan built on top of a life insurance policy.
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