Asset Care: Bringing value to Montana and Washington, D.C.
We’re pleased to announce that our updated Asset Care® product, originally launched in 2019, will become available in Montana and Washington, D.C. on June 20.
Our updated Asset Care product provides several unique benefits, including:
- Optional joint coverage and lifetime benefits
- Single Premium Drop-In Rider (SPDR) on the Recurring Premium Whole Life funding option
- A new 5-pay option on the recurring premium whole life funding option – your clients will now be able to choose a 5-, 10- or 20-year pay option or a pay to 95 option
- Zero-day waiting period for home health care
What you need to know
State approvals
With the addition of Montana and Washington, D.C., our new Asset Care product will be available for sale in all states where OneAmerica does business, except California, where agents may continue to sell the previous Asset-Care® product.
Asset Care annuity suitability training requirement
An insurance producer may not solicit the sale of the new Asset Care annuity-funded whole life option until he or she has completed insurer-provided product-specific training. Review the training requirements and access the training for both the new Asset Care product, as well as California requirements for the previous product.
Have questions?
Contact your OneAmerica regional sales director with questions about these product changes, transition rules or training.
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