Planning Tips and Carrier News for Advisors 

OneAmerica News- March 2020

Posted by LTCI Partners | Mar 26, 2020 3:13:35 PM
 
March 2020  
Care Solutions News
 
Supporting our partners and customers
Our Response to COVID-19
We hope you and those closest to you are doing well as the COVID-19 outbreak continues to affect businesses and communities throughout the country and across the world. OneAmerica has long been in the business of helping individuals and businesses plan for the future and protect themselves during uncertain times, and this is no exception. As the outbreak of COVID-19 continues and knowing that this situation will continue to evolve over the coming weeks, we want to make sure you're aware of the steps we're taking to protect our associates, customers and assets. Read more about OneAmerica’s response to COVID-19.
Sales and product
Coming on April 25: Annuity Care II COB changes
Two key changes are coming to the Continuation of Benefits options on our Annuity Care II product, part of the Care Solutions product suite. Take time to review the key details, including timeline, transition rules, states where changes apply and more. 
Get on board with SECURE Act opportunities
With changes come new opportunities! Since the SECURE Act eliminated the stretch IRA, you may have clients expecting to inherit qualified funds who are unsure of how to reposition their required RMDs. Use Asset Care Annuity Funding Whole Life to help turn an inherited, taxable part of an estate into a tax-free income stream to pay for qualified long-term care! Get the details in our sales idea and FAQs document, and review new business requirements for making your submission go smoothly.
Enhancing your experience in 2020
NEW: LTCG enhancements
As we continue to make updates and improvements that enrich both client and agent experiences with OneAmerica, we’re excited to roll out two key enhancements with our Care Solutions interview vendor, LTCG. These enhancements simplify and shorten several steps of the application and interview process for both clients and agents. Review the updates »
Reminder: Updates to Asset Care submission process
As we announced last month, our Asset Care new business submission process got a revamp and now offers two simple choices. After completing Part I of the application, agents simply choose whether to ask the Part II medical questions or have our interview vendor complete these questions. Read on for full details and review the process flow chart.
Operations updates
OneAmerica closed on Good Friday
OneAmerica will be closed on Friday, April 10, for the Good Friday holiday. Normal operations will resume on Monday, April 13, 2020.
Access March interest rates
Effective Sunday, March 15, some new business interest rates for OneAmerica company products changed. Additionally, Guaranteed Interest Rates for new issues of some products changed on March 15. View the announcement for full details.
OneAmerica Resources
Care Solutions state licensing guide
Access our OneAmerica Care Solutions state licensing guide quickly and easily! Get the current version here.
Learn and earn
Build your LTC knowledge: Dig into the Care Solutions products with our suite and concept training webinars every other Friday. Want to go deeper? Join a Care Solutions Live Deep Dive webinar for in-depth modules on key asset-based LTC topics.

For use with financial professionals only. Not for public distribution. OneAmerica® is the marketing name for the companies of OneAmerica. Products are issued and underwritten by The State Life Insurance Company® (State Life), Indianapolis, IN, a OneAmerica company that offers the Care Solutions product suite.

Asset Care form numbers: ICC18 L302; ICC18 L302 JT; ICC18 L302 SP; ICC18 L302 SP JT.  Not available in all states or may vary by state. © 2020 OneAmerica Financial Partners, Inc. All rights reserved. OneAmerica® and the OneAmerica banner are all registered trademarks of OneAmerica Financial Partners, Inc.



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Topics: OneAmerica, hybrid life/Long-Term Care

Written by LTCI Partners

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