Those options include restructuring the policy into a new one with a retained death benefit, seeking loans collateralized by the value of the policy, leveraging the policy for accelerated benefits
to defray health care expenses, or perhaps selling the policy outright for an immediate cash payment.
USI Insurance Services, a Valhalla, New York-based broker, has acquired Accelerated Benefits
of Dublin, Ohio, for a price that was not announced.
8 February 2017 - US-based insurance brokerage and consulting firm USI Insurance Services has acquired Ohio, US-based insurance agency Accelerated Benefits
, the firm said.
This enabled both Dell and EMC partners to immediately start selling the full portfolio of Dell EMC solutions and provides accelerated benefits
to eligible partners.
Long-term care accelerated benefits
are triggered when a client is unable to perform at least two activities of daily living (ADLs) such as dressing, eating or toileting for a period of at least 90 days (whether or not the client is expected to eventually recover from the illness).
Certain demographic populations--employees out sick, taking accelerated benefits
or waiting for waiver premiums --are perfect examples of why it's valuable to understand the particulars of different plans.
Hybrid LTC products include life insurance that pay accelerated benefits
should the policyholder need qualifying long term care services.
on the group side are generally 50% or more of the face amount, according to Bob Patience, vice president of voluntary benefits in Prudential's group insurance unit.
Medical bridge plans cover some but not all of the employees' expenses incurred under a standard medical plan thus reducing employees out of pocket costs for high deductible plans," says Tom Wagoner, president of Accelerated Benefits
in Columbus, Ohio.
In an effort to encourage taxpayers to elect annuity options in their retirement planning, the IRS has proposed regulations to provide more favorable tax treatment for those who elect to receive bifurcated benefits that are paid partly in the form of an annuity and partly in the form of more accelerated benefits
And the accelerated benefits
to pay for long term care provides extra protection.
One question on the docket is whether veterans should be able to get accelerated benefits
for education--more upfront payments for tuition instead of a monthly allocation--outside of short-term high tech programs.