OneAmerica® Expands Joint Asset Care Offering

OneAmerica® Expands Joint Asset Care Offering Effective July 26, 2023, the joint option on OneAmerica Asset Care will include the 4% acceleration option. Just like the clients we mutually serve, there is no one-size-fits-all approach to long-term care protection. The addition of a 75-month shared benefit pool expands our ability to provide meaningful and flexible benefit options for cost-conscious clients, and our unique lifetime benefit will now be more affordable in many situations. For details, please review I-31591 Care Solutions Product Guide. (The 75-month option currently is not available in California, however.) OneAmerica is committed to continually improving the new
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

An opportunity for inherited qualified funds

The SECURE Act An opportunity for inherited qualified funds On December 20, 2019, Congress passed into law provisions from the Setting Every Community Up for Retirement Enhancement (SECURE) Act. This landmark legislation provides the most significant changes to the retirement industry in more than a decade and makes investing for retirement more accessible to millions of Americans.   How does this impact long-term care planning? First, the legislation eliminates the concept of “stretch IRAs,” which extended the tax-deferred status of an inherited IRA when it passed to a non-spouse beneficiary. The beneficiary could “stretch” the life—and the associated tax advantages—of
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

GoldenCare Newsletter | May 22, 2023

  Read Full GoldenCare Newsletter,  May 22, 2023 Edition In this GoldenCare Newsletter Edition From GoldenCare:   Guest Article: “Don’t let caregiving sabotage retirement planning,” by Alyssa Place, Employee Benefit News Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on the latest products and sales strategies. We’re making it easier than ever to get a hold of us and have your favorite tools available at your fingertips! Click here to DOWNLOAD our electronic business card, and enter to win a $100 Amazon.com Gift Card!   CURRENT PROMOS AND WEBINARS:
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Categories: GoldenCare News, Industry News, Long-Term Care, Medicare Supp./Adv., Mutual of Omaha (& Affiliates), National Guardian Life, OneAmerica, and Thrivent.

First Premium Payment Methods Are Changing

Effective June 28, 2023 Due to our vendor’s processing change, we will no longer be able to accept credit cards as a method of payment for the first premium payment as of June 28, 2023. For a client’s first premium payment we accept: Personal check Cashier’s check Electronic check or eCheck OneAmerica® accepts checks made payable to OneAmerica or to The State Life Insurance Company®.   Pay by eCheck tip Complete the Electronic Premium Payment Authorization, I-34818. The form authorizes one-time or recurring debit payments from a checking or saving account. Make sure the client has their bank account and
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Help is One Phone Call Away with OneAmerica

Supporting Customers Through Long-Term Care Events Retirement comes with endless possibilities, but also added risks. The more we age, the more likely we are to need long-term care. One way for your clients to continue to be there for their loved ones is to have a plan. In case of a long-term care event, your customers can make sure not only that they will have the means to pay for it, but that their loved ones will have the support they need. Help is Only One Phone Call Away Our Care Benefit Concierge makes it easy for a power of
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Streamlining Electronic Sales with eApp

New enhancements to our eApp process are making it easier for you to submit new business with OneAmerica®. These new features and deep-dive resources are built to improve your virtual workspace experience as you continue to grow your business. They add value to your time while developing efficiencies in our current virtual environment.   With eApp you can: Obtain signatures electronically. Run illustrations to prefill applications. Automatically order LTCG tele-interview. Eliminate application errors, no NIGOs. Reduce processing time by two to five days. Place your order with one click! No more calls for tele-interview orders! The new auto-order button automatically
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

GoldenCare Newsletter | April 3, 2023

  Read Full GoldenCare Newsletter,  April 3, Edition In this GoldenCare Newsletter Edition From GoldenCare:     The Short-Term Care insurance industry is poised to explosive growth! Thurs, Apr 13, 2023 2:00 PM  to  2:30 PM CDT Watch Invitation Video     Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on the latest products and sales strategies. We’re making it easier than ever to get a hold of us and have your favorite tools available at your fingertips! Click here to DOWNLOAD our electronic business card, and enter to
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Categories: GoldenCare News, Industry News, Long-Term Care, Medicare Supp./Adv., Mutual of Omaha (& Affiliates), National Guardian Life, OneAmerica, and Thrivent.

Care Solutions News, March 2023

Operations updates OneAmerica Closed on Good Friday OneAmerica will be closed on Friday, April 7, for the Good Friday holiday. Normal operations will resume on Monday, April 10.   Process Solutions Based on your/client feedback, two enhancements were made to the Asset Care eApp process, to provide a new online option to complete the Part 2 questions and to help identify underwriting program earlier. In addition to the release above, here’s an updated eApp process video.   It’s Almost Tax Time Annuity Care II is now offering more leverage on client dollars with activation of a 6-year Continuation of Benefits
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

The Pension Protection Act and Long-Term Care FAQs

The Pension Protection Act and Long-Term Care FAQs The Pension Protection Act (PPA) deals with changes and reforms to pension governance, specifically with annuities, long-term care and new tax advantages. What does this mean for annuities? Cash value withdrawals from eligible annuity contracts for qualifying long-term care (LTC) expenses or qualifying long-term care insurance premiums are no longer taxable income. Can regular annuity withdrawals for LTC expenses be treated as tax-free distributions? An annuity policy must include language which makes it qualifying. This would preclude a “regular annuity” (an annuity with standard free withdrawal) from receiving the benefits of the
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

GoldenCare Newsletter | March 20, 2023

Read Full GoldenCare Newsletter,  March 20, Edition In this GoldenCare Newsletter Edition From GoldenCare: Exclusive GoldenCare InstaPIVOT Tool Demo Thurs, Mar 23, 2023 10:00 AM  to  10:30 AM CDT Watch Invitation Video     Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on the latest products and sales strategies. We’re making it easier than ever to get a hold of us and have your favorite tools available at your fingertips! Click here to DOWNLOAD our electronic business card, and enter to win a $100 Amazon.com Gift Card!   PROMO
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Categories: GoldenCare News, Industry News, Long-Term Care, Medicare Supp./Adv., Mutual of Omaha (& Affiliates), National Guardian Life, OneAmerica, and Thrivent.