Asset-Care is designed to help clients protect their assets by using the security of life insurance to provide long-term care benefits. With their premium, clients receive a guaranteed amount of life insurance, all of which can be used for qualifying long-term care expenses. In addition, premium is credited with a guaranteed interest rate and the cash value increases each month.
With Annuity Care, a single-premium deferred annuity, clients can access cash value for qualifying LTC expenses with a higher credited interest rate for these funds. Annuity Care can offer an attractive alternative for LTC self-funders.
Annuity Care is a product uniquely positioned to take advantage of the Pension Protection Act, which allows certain tax advantages for annuities with long-term care provisions.
Call us today to help you with those hard to place cases that may be a perfect fit for Annuity or Asset Care from OneAmerica.