{"id":11088,"date":"2022-07-20T09:15:00","date_gmt":"2022-07-20T14:15:00","guid":{"rendered":"https:\/\/www.figmarketing.com\/blog\/?p=11088"},"modified":"2023-09-22T12:30:18","modified_gmt":"2023-09-22T17:30:18","slug":"repositioning-asset-based-long-term-care-products-case-study","status":"publish","type":"post","link":"https:\/\/www.figmarketing.com\/blog\/repositioning-asset-based-long-term-care-products-case-study\/","title":{"rendered":"Repositioning Asset-Based Long-Term Care Products [Financial Advisor Case Study]"},"content":{"rendered":"\n<p><em>Updated September 18, 2023, at 1:34 PM<\/em><\/p>\n\n\n\n<p>In the spotlight for this case study is asset-based <strong><a href=\"https:\/\/www.figmarketing.com\/blog\/?s=long-term+care\" target=\"_blank\" rel=\"noreferrer noopener\">long-term care<\/a><\/strong> (LTC).<\/p>\n\n\n\n<p>Given the current environment, we\u2019re experiencing ups and downs in the market. This volatility can make clients hesitant about moving money and getting \u201cstuck\u201d in a product that might not fit their needs down the road.<\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.youtube.com\/watch?v=POm71F3As28\" target=\"_blank\" rel=\"noopener noreferrer\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2022\/07\/CP-June2022-Asset_Based_LTC-BL-Inset2.png\" alt=\"fig care planning blog inset image\" class=\"wp-image-11281\" width=\"300\" height=\"300\" srcset=\"https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2022\/07\/CP-June2022-Asset_Based_LTC-BL-Inset2.png 600w, https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2022\/07\/CP-June2022-Asset_Based_LTC-BL-Inset2-300x300.png 300w, https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2022\/07\/CP-June2022-Asset_Based_LTC-BL-Inset2-150x150.png 150w, https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2022\/07\/CP-June2022-Asset_Based_LTC-BL-Inset2-585x585.png 585w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>With the selection of products from the <strong><a href=\"https:\/\/www.teambarnette.figmarketing.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">FIG Care Planning Division<\/a><\/strong>, financial professionals with a CFP\u00ae license or other designation that allows for developing a comprehensive financial plan can help clients position their assets to overcome this common objection.<\/p>\n\n\n\n<p><strong>Let\u2019s look at how we can position some care planning products that:<\/strong><\/p>\n\n\n\n<ul><li>Are desirable to clients that want access to all their money (prior distributions not included) if their situation changes<\/li><li>Leverage for qualifying care as well as death benefit if care isn\u2019t needed<\/li><li>Attractive to clients currently with CDs, money markets, or savings accounts<\/li><li>Appealing to those with a low risk tolerance or choose to self-fund<\/li><li>Provide tax advantages<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">LTC Case Study Details<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2022\/06\/hypothetical-example-long-term-care-case-study-1.png\" alt=\"hypothetical long term care case study for a married couple in good health\" class=\"wp-image-11093\" width=\"792\" height=\"463\" srcset=\"https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2022\/06\/hypothetical-example-long-term-care-case-study-1.png 915w, https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2022\/06\/hypothetical-example-long-term-care-case-study-1-300x175.png 300w, https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2022\/06\/hypothetical-example-long-term-care-case-study-1-768x449.png 768w, https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2022\/06\/hypothetical-example-long-term-care-case-study-1-585x342.png 585w\" sizes=\"(max-width: 792px) 100vw, 792px\" \/><\/figure><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">Related: <a href=\"https:\/\/www.figmarketing.com\/blog\/whats-the-best-care-planning-solution-infographic\/\" target=\"_blank\" rel=\"noreferrer noopener\">What&#8217;s the Best Long-Term Care Insurance Solution? [Infographic]<\/a><\/h4>\n\n\n\n<h2 class=\"wp-block-heading\">Care Planning Solution<\/h2>\n\n\n\n<p>Repositioning $200,000 of the client\u2019s existing assets into a single-premium OneAmerica\u00ae Asset Care\u00ae policy can immediately provide a total of $620,088 for care.<\/p>\n\n\n\n<p>The initial premium, minus any prior distributions taken, is available to the client at any point if they change their mind, need access to their funds, or never need care.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Case Study Conclusion<\/h2>\n\n\n\n<p>Since the 2008 recession, John and Susan have become more conservative and don\u2019t prefer any strategy that would limit access to their funds. They have several accounts that provide low returns, but they\u2019re comfortable knowing that they offer guarantees and flexibility.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.oneamerica.com\/wps\/wcm\/connect\/3c5e5377-83c8-417e-98ef-b9a6aae32fa5\/I-32409+AssetCareWithReturnOfPremiumFOB_BRO_SAMPLE_052419.pdf?MOD=AJPERES&amp;CACHEID=ROOTWORKSPACE-3c5e5377-83c8-417e-98ef-b9a6aae32fa5-mKaSFCu\" target=\"_blank\" rel=\"noreferrer noopener\">OneAmerica Asset Care with Return of Premium<\/a><\/strong> is a whole life insurance policy that allows access to 100% of the life policy death benefit to help pay for qualifying LTC expenses.<\/p>\n\n\n\n<p>Now, John and Susan have access to 100% of their money, while also leveraging those dollars into a tax-free pool that can be used for any qualifying care.<\/p>\n\n\n\n<p><em>Note: For this asset-based long-term care case study, if the client does access \u201ctheir money,\u201d or the cash value of the policy, both the death benefit and amount available for qualifying LTC expenses would decrease.<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Keep Reading: <a href=\"https:\/\/www.figmarketing.com\/blog\/leveraging-current-assets-to-fund-long-term-care-case-study\/\" target=\"_blank\" rel=\"noreferrer noopener\">Leveraging Current Assets to Fund Long-Term Care [Case Study]<\/a><\/h4>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div class=\"wp-block-image is-style-rounded\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.teambarnette.figmarketing.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" src=\"https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2020\/11\/CTA-Product-RD-Header-Template-2-1024x366.jpg\" alt=\"long-term care for younger clients blog CTA\" class=\"wp-image-8262\" width=\"512\" height=\"183\" srcset=\"https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2020\/11\/CTA-Product-RD-Header-Template-2-1024x366.jpg 1024w, https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2020\/11\/CTA-Product-RD-Header-Template-2-300x107.jpg 300w, https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2020\/11\/CTA-Product-RD-Header-Template-2-768x275.jpg 768w, https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2020\/11\/CTA-Product-RD-Header-Template-2-1170x418.jpg 1170w, https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2020\/11\/CTA-Product-RD-Header-Template-2-585x209.jpg 585w, https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2020\/11\/CTA-Product-RD-Header-Template-2.jpg 1398w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/a><\/figure><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.figmarketing.com\/#!\/Landing\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"152\" src=\"https:\/\/www.figmarketing.com\/blog\/wp-content\/uploads\/2021\/02\/FIG-Logo-Red-Triangle.png\" alt=\"financial independence group logo\" class=\"wp-image-8736\"\/><\/a><\/figure><\/div>\n\n\n\n<p class=\"has-text-align-center\" style=\"font-size:10px\">This case study is a hypothetical example. For advisor use only. Not for public or consumer use.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Updated September 18, 2023, at 1:34 PM In the spotlight for this case study is asset-based long-term care (LTC). Given the current environment, we\u2019re experiencing ups and downs in the market. This&hellip;<\/p>\n","protected":false},"author":24,"featured_media":11282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[362],"tags":[565,494,563,112,229],"acf":[],"_links":{"self":[{"href":"https:\/\/www.figmarketing.com\/blog\/wp-json\/wp\/v2\/posts\/11088"}],"collection":[{"href":"https:\/\/www.figmarketing.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.figmarketing.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.figmarketing.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.figmarketing.com\/blog\/wp-json\/wp\/v2\/comments?post=11088"}],"version-history":[{"count":18,"href":"https:\/\/www.figmarketing.com\/blog\/wp-json\/wp\/v2\/posts\/11088\/revisions"}],"predecessor-version":[{"id":13163,"href":"https:\/\/www.figmarketing.com\/blog\/wp-json\/wp\/v2\/posts\/11088\/revisions\/13163"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.figmarketing.com\/blog\/wp-json\/wp\/v2\/media\/11282"}],"wp:attachment":[{"href":"https:\/\/www.figmarketing.com\/blog\/wp-json\/wp\/v2\/media?parent=11088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.figmarketing.com\/blog\/wp-json\/wp\/v2\/categories?post=11088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.figmarketing.com\/blog\/wp-json\/wp\/v2\/tags?post=11088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}