Temporary Asset Care product changes for WA, effective July 31

Temporary Asset Care product changes for Washington state, effective July 31 The WA Cares Fund in Washington state has opened the door to important conversations about the potential impact of a long-term care (LTC) event, resulting in increased demand for our asset-based strategies. OneAmerica® is committed to ensuring those seeking alternative or additional coverage to the Washington plan have options. Therefore, to help meet the LTC protection needs for policyholders, as well as the needs of our distribution partners, we are implementing the following temporary changes effective Saturday, July 31: Return of premium: Return of premium (ROP) option will be
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

SecureCare and the WA Cares Fund exemption

SecureCare likely qualifies for WA Cares Fund exemption The state of Washington created the WA Cares FundSM to address the future long-term care (LTC) crisis. The fund provides an LTC benefit for all eligible workers, which will be funded by a payroll tax that begins in January 2022. Benefits will be paid in $100 stackable units, with a lifetime maximum of $36,500 (adjusted for inflation). The benefit will be funded by a payroll tax that begins in January 2022. However, Washington residents who have a personal LTC insurance policy issued before November 1, 2021 can apply for an exemption from
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Categories: Industry News, Linked Benefit/Hybrids, and Securian.

Care Solutions News, June 2021

Care Solutions Sales & Support Teams Find your key sales contacts using our current territory map.   Tools and resources 2020 OneAmerica Annual Report: Stronger together In a year like no other, our values kept us anchored to our sole purpose: serving you and your customers. Explore and share our 2020 annual report for more about how 2020 was a year that proved we are stronger when we all come together. Be sure to watch or read our Care Solutions story about the close personal connections we made to help caregivers navigate the pandemic and keep loved ones safe.  
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

A Word from Joe Wieser, President and CEO of GILICO

MAY 2021 GUARANTY NEWS A Word from Joe Wieser, President and CEO of GILICO As a child growing up in Denver, CO, activities seemed endless. Summer vacation included a family trip spent in the Rocky Mountains each year. Days were filled with hiking, biking, fishing and swimming in hot spring pools. I quickly learned the amazing rock formations and composition of the various 14,000+ peaks sprinkled throughout the Colorado Rockies. To this day, I can easily identify and name the mountain peaks standing anywhere along the front range. Those inspiring and powerful rock formations continue to stand the test of
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

Best Interest Suitability and CE Update

Best Interest Suitability and CE Update   Best Interest (BI) Annuity Suitability regulations model has been adopted by the NAIC. Guaranty Income requires agents to complete suitability appropriate to the model reg. The Annuity Suitability Profile and Producer Relationship Disclosure forms are required with each new annuity application. We encourage you to use the online App Builder to ensure that the correct forms are being used for each solicitation. Additional Annuity continuing education requirements are being implemented as each state adopts the BI reg. Agents who have already completed the standard annuity suitability course must complete a one-hour Annuity BI
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.

Attention Ohio producers: Best Interest changes are here!

Ohio has updated the requirements around Best Interest and suitability in annuity transactions. New training will be required to be able to submit applications for any annuity products, including Asset Care annuity funding whole life. These changes for Ohio went into effect February 14, 2021.   Updated training course required by each state Producers who have previously taken the four-hour state generic annuity suitability course can now have the option of taking either the one-hour catch-up training course on annuity best interest, or they can take the newly created four-hour course on annuity best interest suitability by August 14, 2021.
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

OneAmerica Care Solutions News

Care Solutions Sales & Support Teams Find your key sales contacts using our current territory map.   Tools and resources Wondering how much LTC could cost your clients? Check out the LTC Cost of Care map provided by OneAmerica. This site will allow you to estimate what care could cost on an annual, monthly or daily basis in your client’s individual state. Know the cost difference between informal, home, assisted living and nursing home care. Compare costs to the national average and view how inflation can affect the cost in future years. Utilize the cost of care map by visiting
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Annuity Care and Annuity Care II updates take effect April 24

Annuity Care and Annuity Care II updates launching April 24 Last year, we made pricing updates to the Continuation of Benefit (COB) options on our Annuity Care and Annuity Care II products in certain approved states. On April 24, these same updates will go into effect in additional states, and we want to make sure you’re prepared. These changes reflect our commitment to good stewardship, the viability of our products and being there when our customers need us most.   Prepare for the changes What’s changing: Annuity Care In November of 2020, we adjusted the pricing of the Annuity Care
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

OneAmerica Care Solutions News

Care Solutions Sales & Support Teams Find your key sales contacts using our current territory map.   Tools and resources LTC Tax Guide The 2021 Long-Term Care Tax Guide is now available, including updated information on the 2021 age-related table eligible premium amounts; a thorough discussion of the benefits of Asset Care when provided as an executive bonus; the benefits of IRC section 1035 exchanges into Care Solutions portfolio products; and much more!   Operations updates Grace period in place to assist policyholders receiving late billing statements We have become aware that due to pandemic and weather mailing delays, some
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

AnnuiCare Illustration Software

IMPORTANT   Note to AnnuiCare Illustration Program Users Please discontinue using the desktop software for AnnuiCare illustrations. The AnnuiCare illustration tool that launched in December should be used to create all AnnuiCare illustrations moving forward. This web-based program is user-friendly and can be accessed on our Pre-Sales site and is also included below. New AnnuiCare Illustration Tool     #goldencareagent #gilico
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Categories: Guaranty Income, Industry News, and Linked Benefit/Hybrids.