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Our brokers at Hyers and Associates specialize in health insurance and can help you sort through what’s best when it comes to traditional long term care policies. If we only knew what was in our future, decisions would be so much easier. You don’t want to spend money on something you don’t need. And you [...]
March 2, 2020

Category: Long Term Care Insurance, Retirement Planning

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We get older every day and as we do, we have our eye on retirement. However, along with retirement, there is also a concern over the possibility of getting sick and needing long-term care. To rest assured you’ll be taken care of when that time comes, the team at Hyers & Associates can help you [...]
January 9, 2019

Category: Long Term Care Insurance, Retirement Planning

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As people age, they may develop health conditions that require daily care for an extended time. Often health insurance does not cover all these costs, such as assistance with daily activities like bathing, at-home care, nursing home or adult day care, and home modifications for the disabled. Consider the benefits of investing in a long-term …

April 26, 2018

Category: Long Term Care Insurance

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What images do talks of retirement bring to mind? Ones of freedom? Extended vacations in your favorite spots? Time for that long-put-off hobby? Often, thoughts on retirement center around the pleasurable expenses. Long-term health costs and their related less-than-ideal circumstances fail to factor into the conversation. Long-term care insurance falls off the radar. Furthermore, current …

January 29, 2018

Category: Long Term Care Insurance

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If you're looking for asset based long term care plans with supersized growth opportunities, you're in the right place. There are now two companies offering indexed LTC annuity plans. One America State Life issued the first hybrid long term care annuity and EquiTrust recently released its proprietary version. Both credit interest based on the performance [...]
January 15, 2015

Category: Annuities, Articles, Long Term Care Insurance

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Through our independent agency, you can compare hybrid long term care insurance quotes and illustrations from One America State Life Insurance Company. They offer both single and joint annuity and life plans to fit most situations. We offer their hybrid annuity and life plans direct to consumer. Using our expertise and guidance, we can help …

July 31, 2014

Category: Long Term Care Insurance, Retirement Planning

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If you are researching hybrid long term care policies, then you may want to consider the Lincoln MoneyGuard life insurance product. In this post, we will discuss how this policy works and provide examples of the benefits it will provide now and in the future. Addressing Long Term Care Using Hybrid Insurance Plans Asset based …

June 26, 2014

Category: Long Term Care Insurance, Retirement Planning

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It's an interesting question. In our experience offering hybrid long term care coverage, the answer is: It depends. Some of our clients benefit more from an annuity and others from a hybrid life insurance plan. We will discuss the pros and cons of each below. Some of the answer can also be found in your [...]
June 11, 2014

Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning

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The Pension Protect Act (PPA) was passed by Congress in 2006 and became effective in 2010. The law provides tax advantages for consumers who wish to purchase a long term care policy using a non-qualified annuity policy. The provision in the I.R.S tax code allowing for this is called a 1035 tax free exchange. Consumers can use …

March 10, 2014

Category: Annuities, Articles, Long Term Care Insurance

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Asset based long term care is quickly growing in popularity as those nearing retirement plan for potential long term care costs. There are only a few companies marketing long term care annuity policies and Mutual of Omaha is one of them. Their policy is called the Living Care Annuity. The primary advantages of their hybrid annuity …

April 10, 2012

Category: Annuities, Articles, Long Term Care Insurance

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The Pension Protection Act of 2006 became law in January of 2010. The law offers several provisions to incentivize the purchase of long term care insurance coverage. One component of this law allows you to use taxable annuity dollars to purchase a long term care insurance policy. This provision is useful if you have significant [...]
July 29, 2011

Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning

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Ohio has passed legislation allowing for partnership policies to encourage the purchase long term care insurance (LTCi). Only a few insurance companies offer these plans, but not all LTCi policies offered today are partnership qualified. By owning a qualified plan, insureds can be eligible for Medicaid benefits through the state without depleting all of their [...]
April 23, 2009

Category: Long Term Care Insurance, Retirement Planning

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One America/State Life offers this hypothetical case study. It details an innovative way to pay provide funds for long term care expenses while also creating a tax write-off under the Pension Protection Act. While many seniors own deferred annuity contracts, some are unsure what to do with underperforming or mature contracts. If you would like …

August 2, 2007

Category: Long Term Care Insurance

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The newest addition to the LTC marketplace is the long term care hybrid annuity account. This product functions exactly like a fixed annuity, but it has a long term care multiplier built into the policy. There is no premium rider associated with this medically underwritten annuity policy. Put another way, there is no annual cost …

June 29, 2006

Category: Annuities, Articles, Long Term Care Insurance, Retirement Planning

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