A Controlled Executive Bonus Plan, also known as a Restrictive Executive Bonus, or Section 162 plan, is an agreement between an employer and its key employee(s) to provide a death benefit, supplemental income, and now includes long-term care benefits. The employee applies for and owns the life insurance policy, with the right to designate the beneficiary(ies) of the policy. The company then pays the "bonus" premium directly to the insurance company. The employee's right to receive the cash value of the policy through loans, withdrawals or surrender is restricted during a time period based on age, years of service or other ...
June 13, 2016Broadtower Insurance
Exaggerated, superfluous hyperbole is not sufficient to quantify this opportunity! Broadtower Insurance Solutions, America’s largest LTCI IMO, has been granted the privilege of introducing America’s first "Underwritten” SPIA designed exclusively for leveraging exposure to America’s largest unprotected risk – the need for Long Term Care. For too long, we have told far too many it was too late to help them, and that the financial burden of their now open-ended claim was simply upon them. We all had to stand by helpless when the need was greatest and the expense of care-giving was imminent – until now! Broadtower has been chosen to train and certify the ...
June 8, 2016Broadtower Insurance
Mutual of Omaha's 2016 Cost of Care book is now available. Ensure your agents have a copy for updated costs for home health care, assisted living and nursing home care by state. Download the PDF
June 7, 2016Broadtower Insurance
We appreciate your interest in the new NGL EssentialLTC product roll-out scheduled for July 18 2016. Our goal is to make this one of the easiest and most profitable product introductions in long-term care insurance history. We expect to receive BGA contracting paperwork from NGL very soon and we will be distributing it to those of you who have contacted Kathy Brooks on a first-come first-serve basis. If you have not taken a moment to email Kathy please do so immediately. We want you to be in on this outstanding marketing and sales opportunity. The contracts you will be ...
June 6, 2016Broadtower Insurance
Research shows that most clients value three distinct priorities in creating a plan to address long-term care costs: Flexibility Protecting and growing their portfolio Minimizing the impact of care on their family Identifying your clients’ top priority and primary concern will help you implement the right strategy and solution to plan for their long-term care needs. As a thought leader in the long-term care industry, we have created this guide to help you match your clients’ needs with the optimal LTC solution. Use the guide as a reference as you discuss the needs and priorities of your clients. Client's Top Priority...
June 6, 2016Broadtower Insurance
Take advantage of OneAmerica's 2nd quarter pre-built marketing campaign designed to highlight their guaranteed level premium Asset-Care IV product. The campaign includes customizable pieces you can send out to your distribution showing videos, brochures, flyers, whitepapers, and webinar schedules. Don't miss the opportunity to get the word out about the fastest growing Asset Based opportunity today. Click here to view the full details of the campaign and its resources.
June 3, 2016Broadtower Insurance
OneAmerica is committed to maintaining a rational and sustainable approach in managing the Care Solutions product line for the long term. In response to the current and recent interest rate environment, we are increasing the base premium rates for Asset-Care as of July 1st, 2016.
June 2, 2016Broadtower Insurance
The LTCi industry has changed drastically the past few years. Carriers have continued to launch new product, but now based off more conservative pricing models that account for lower interest rates, higher claims, and close to a zero lapse rate. Many may view the recent volatility within the traditional LTC market as a cause for concern. Lifecare Assurance Co.'s Vice President of Investments and Business Developments, Marc Glickman's article, Standalone Long-Term Care: Is Now The Time For Reinsurers To Enter, addresses the question, 'Can we quantify the safety of LTCi new business sold today?' Read the full article from Reinsurance News ...
It is important to your clients that the long-term care policy they select today will meet their needs tomorrow. Provide your clients the flexibility they need - to choose how they will receive their policy benefits - with a built-in cash benefit offered in Mutual of Omaha’s LTCi policies.
Effective Wednesday, June 1st: LifeSecure will temporarily suspend sales of its Long Term Care Insurance product in California for the individual LTCi market.