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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 there is a knock against fixed annuity accounts lately, it’s low interest rates. The Federal Reserve has kept rates low for several years to spur economic growth. In turn, the stock market has provided much higher returns than most fixed interest investments. In response to the overall economic climate, State Life has issued the …

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 will 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 new law offers several provisions to incentivize the purchase of long term care insurance coverage. One significant component of the new law allows you to use what would normally be taxable annuity dollars to purchase a long term care insurance policy. This …

July 29, 2011

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

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In an attempt to encourage consumers to purchase long term care insurance (LTCi), Ohio recently passed legislation making available partnership policies. Several insurance companies offer these plans, but not all LTCi policies are partnership qualified. By owning a qualified plan, the insured can be eligible for Medicaid benefits through the state without depleting all of …

April 23, 2009

Category: Long Term Care Insurance, Retirement Planning

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One America/Golden Rule recently released 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 recently passed Pension Protection Act. While many seniors own deferred annuity contracts, some are unsure what to do with under-performing or mature contracts. …

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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