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| Access interest rates effective July 15
Effective Monday, July 15, 2019, some OneAmerica® interest rates are changing.
- Annuity Care II and Indexed Annuity Care® new money rates are decreasing.
- New rates and transition rules are listed below.
- All other rates remain unchanged.
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Please note: With the launch of the new Asset Care® product, we have moved from an interest-sensitive policy to a traditional whole life policy. One of the differences you will see is how the cash value is calculated. Previously, the cash value grew at a declared current interest rate. With the new product, a current interest rate is not applicable. The cash value is entirely guaranteed and can be seen on a quote.
View all rates »
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New Care Solutions rates
Annuity Care II
LTC accumulated value: 1.30%
Accumulated value: 1.20%
Indexed Annuity Care
Point-to-point Cap: 2.00%
Point-to-point Par: 20.00%
Monthly average Cap: 2.25%
Monthly average Par: 26.00%
Fixed account: 1.15%
Transition rules Current new business rates for Annuity Care II may be preserved based on the method of funding:
- Cash transactions: We must receive a completed application with full premium in the Home Office by the end of business on Friday, July 12, to preserve current interest rates.
- Transfer/1035 transactions: We must receive a completed application with completed transfer or 1035 paperwork no later than Friday, July 12. All pending transfers to 1035s must be fully funded by Thursday, September 12, to preserve current interest rates.
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Guaranteed Interest Rates changing July 15
On July 15, 2019, the Guaranteed Interest Rate for new issues of OneAmerica Individual Life and Financial Services deferred annuity products will change in some states. Please refer to the chart below for full details.
| Product |
States |
April 15-
July 14, 2019 |
July 15, 2019 and after |
Transition rules |
| Indexed Annuity Care |
All states where product is sold |
1.45% |
1.15% |
Cash transactions: We must receive a completed application with full premium in the Home Office by end of business on Friday, July 12, to preserve current interest rates.
Transfer/1035 transactions: We must receive a completed application with completed transfer or 1035 paperwork no later than Friday, July 12. All pending transfers to 1035s must be fully funded by Thursday, September 12, to preserve current interest rates. |
Annuity
Care II |
MA, NH, PA, VT, WI |
1.45% |
1.15% |
| NV, WA |
1.30% |
1.30% |
| All other states where product is sold |
1.30% |
1.10% |
Note: The Guaranteed Interest Rate applies to both the cash and LTC fund values.
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| Most Beneficial Rate: Indexed Annuity Care offers your clients the opportunity to receive the best declared interest (or cap, or par) rate available between the date their application is received in the Home Office, and the effective date of the contract, if fully funded within 60 days of application. This feature is intended as an easy-to-do-business provision to provide you and your clients the peace of mind to know that they can receive the best declared rates during the application process. Annuity Care also offers this feature for 1035/transfer monies only. |
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Note: All products may not be available in all states or may vary by state. Policies are issued by The State Life Insurance Company®, Indianapolis, Indiana.
For use with financial professionals only. Not for public distribution.
OneAmerica® is the marketing name for the companies of OneAmerica. The companies of OneAmerica® : American United Life Insurance Company®, The State Life Insurance Company®, OneAmerica Retirement Services LLC, McCready and Keene, Inc., OneAmerica Securities, Inc., and Pioneer Mutual Life Insurance Company®, a stock subsidiary of American United Mutual Insurance Holding Company.
© OneAmerica Financial Partners, Inc. All rights reserved. |
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