March 19, 2020
Life Insurance Alternatives to Stretch IRAs
The SECURE Act causes IRA beneficiaries challenges when receiving inherited assets. Use the new SECURE Act requirements to generate sales and present creative solutions that solve these new problems:
- Using Life insurance to provide tax advantages in IRA fund distribution to your beneficiaries.
- Engage specific insurance tools that achieve desired (pre-SECURE Act) asset distribution.
Learn how to design a Life insurance product with benefits while living – for when life happens! Make the IRA money more accessible and useful!
Tuesday, April 7, 2020 10:00am to 11:00am
NEW challenges in 2020 bring opportunities for the decade! The stretch IRA—formerly a vehicle to pass on liquid assets to the next generation—has been limited to spousal distributions only. A new potential solution for non-spousal distributions can be realized through creative Life insurance options which will provide your client additional leverage to propel assets into future generations.
February 28, 2020
- What are the key features of the new Illinois LTC Partnership Program?
- What are the risks and rewards of having versus not having LTC coverage?
- How we can design a traditional LTC plan that looks and acts like a hybrid Life/LTC plan
- How Resource Brokerage designs LTC plans to protect your clients’ assets and protects against Medicaid recovery
- How to get affordable extra asset protection with a third pool of money for husband and wife policyholders that is creating a multiplying affect for Medicaid recovery protection!
- How this plan compares and contrasts with the current migration in the marketplace of LTC plans moving to Linked Benefit sales.
Tuesday, March 24, 2020 10:00am to 11:00am
February 5, 2020
Introducing our New Decade New Solutions webinar series!
The SECURE Act and the LTCi Solution
This webinar will show you how to help your clients leverage their qualified money [IRAs and 401(k)s] in order to better pass the asset to their heirs while at the same time, if needed, provide LTCi dollars for both a husband and a spouse—with a single policy/premium covering two insureds! We also will show you how this A+ rated carrier has designed a product that is guaranteed to never receive a premium increase for LTCi coverage as stated in the policy/contract.
Tuesday, February 18, 2020 10:00am to 11:00am
January 22, 2020
By: Blair Farwell
The SECURE Act quietly passed with little fanfare at the very end of 2019. I see one very large liability for people who had structured their estates around passing on IRAs to their heirs. Prior to the SECURE Act, non-spousal beneficiaries could receive the inherited IRA and employ the “stretch IRA strategy”.
The SECURE Act has me thinking!
December 18, 2019
As the long term care specialist at Resource Brokerage for over 13 years-I’m always asked about the statistics associated with long term care insurance. Questions like how many years is the average amount of time a person may need long term care coverage. Or, what is the average amount of cost that a person could expect to pay for care in their lifetime. The best compendium of long-term care statistics on usage, cost, insurance and caregivers that I have seen is the study put together by Christine Benz titled: “Must-Known Statistics About Long-Term Care: 2019 Edition“.
If you have other questions related to Long Term Care Insurance contact me directly: Ron Cohen 847-598-6002.
November 21, 2019
By Allison Bell | November 21, 2019 at 02:53 PM
- Sen. Pat Toomey, R-Pa., announced Wednesday, at a hearing on Alzheimer’s awareness organized by the committee’s health subcommittee, that he’s circulating a discussion draft of a plan for letting people use money from their retirement plans to pay for LTCI coverage.
- Toomey said he thinks using a tax credit to spur sales of private LTCI to younger, healthier people could help ease LTCI issuers’ price stability problems.
- Marc Cohen was one of the witnesses. Cohen, a gerontologist who has been involved in the LTCI market for many years, was one of the hearing witnesses. He said a new federal tax break for LTCI coverage could help increase sales, and reduce LTCI prices, by cutting the net cost of coverage, and also by signaling to younger, healthier people that long-term care risk is something they should think about.
- Cohen talked about ways to reduce LTCI selling costs. Cohen suggested that it might be possible to increase LTCI coverage costs, and increase sales, by building it into products that people do buy, such as Medicare Advantage plans, or by selling LTCI policies through the Affordable Care Act (ACA) public exchange system.
- A Democratic senator asked about the relationship between long-term care and the Affordable Care Act. Family members’ willingness to provide informal care helps reduce the financial impact of long-term care needs on the Medicaid nursing home benefits program.