OneAmerica- January 2020 Interest Rate Notice

Jan 8, 2020 • LTCI Partners

OneAmerica- January 2020 Interest Rate Notice

Access interest rates effective Jan. 15

Effective Wednesday, Jan. 15, 2020, some OneAmerica^® interest rates are changing.

Annuity Care and Legacy Care new money rates are decreasing.
Guaranteed Interest Rates for some products are decreasing.
All other rates remain unchanged.
New Care Solutions rates, transition rules and Guaranteed Interest Rate changes are listed below.

View all rates »

New Care Solutions rates
Annuity Care
LTC fund: 1.25%
Cash fund: 1.00%

Legacy Care
1.00%

Transition rules
Current new business rates for Annuity Care and Legacy Care may be preserved based on the funding method:

Cash transactions: We must receive a completed application with full premium in the Home Office by the end of business on Tuesday, Jan. 14, to preserve current interest rates.
Transfer/1035 transactions: We must receive a completed application with completed transfer or 1035 paperwork no later than Tuesday, Jan. 14. All pending transfers to 1035s must be fully funded by Friday, March 13, to preserve current interest rates.

Guaranteed Interest Rates changing Jan. 15

On Jan. 15, 2020, the Guaranteed Interest Rate for new issues of Annuity Care and Legacy Care will decrease to 1.00% in all approved states.

Transition rules for GIR change
Annuity Care and Legacy Care

Cash transactions: We must receive a completed application with full premium in the Home Office by end of business on Tuesday, Jan. 14, to preserve current interest rates.
Transfer/1035 transactions: We must receive a completed application with completed transfer or 1035 paperwork no later than Tuesday, Jan. 14. All pending transfers to 1035s must be fully funded by Friday, March 13, to preserve current interest rates.

Note: The Guaranteed Interest Rate applies to both the cash and LTC fund values.

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.

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.

This email was sent by:
OneAmerica Financial Partners, Inc.
One American Square, PO Box 368 Indianapolis, IN 46206-0368 United States

Planning Tips and Carrier News for Advisors

John Hancock: In-Force Rate Action to take place in late May

Never miss any update

OneAmerica- January 2020 Interest Rate Notice

Written by LTCI Partners

Contact us

Mailing Address

Office Address

Useful Links