Ratings reflect organization’s commitment to create more certainty for customers INDIANAPOLIS, August 30, 2024 OneAmerica Financial® today announced that A.M. Best Company and S&P Global Ratings have each separately recognized American United Life Insurance Company® (AUL) and its affiliate The State Life Insurance Company® (State Life), both companies of OneAmerica Financial, for their financial strength. A.M. Best affirmed an A+ (Superior) rating, which is the second-highest of 15 rating categories assigned by the independent agency in evaluating financial strength and performance of the OneAmerica Financial companies and their ability to meet existing financial obligations. S&P Global Ratings (formerly Standard and
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Newly Updated Pre-Underwriting Inquiry Form
To facilitate the smoothest possible underwriting process for both you and your clients, it’s essential to conduct a thorough health prescreening. We are happy to announce the release of our newly updated Pre-Underwriting Inquiry form, which not only increases efficiency, but also ensures that we secure the best possible outcomes for all involved. This information can be sent directly to our underwriting team (CSPUI.IND@oneamerica.com), who will review and respond within 4 business hours. They will also let you know what products the clients are eligible for and what additional underwriting requirements can be expected. Please copy Heather and I in
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OneAmerica® Announces Brand Refresh as OneAmerica Financial℠
Update demonstrates evolution to digital-first environment INDIANAPOLIS (Jan.29, 2024) — OneAmerica®, a national financial services organization, today unveiled a refreshed brand as OneAmerica Financial℠. This strategic move aims to create greater awareness and distinctiveness for the company while amplifying its differentiators. Its focus on helping people build greater certainty throughout their financial journey can clearly be seen through a wide range of life insurance, retirement, employee benefits and long-term care solutions. A modernized logo and redesigned website are the first of many new brand components featured as part of the effort. The logo, which underwent its first update in more
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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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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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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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OneAmerica — Strong and Stable
DENNIS MARTIN, PRESIDENT, INDIVIDUAL LIFE AND FINANCIAL SERVICES ANDREW MICHIE, CHIEF FINANCIAL OFFICER Over the last few days, you may have seen news reports about Silicon Valley Bank and resulting concern about the stability of the banking sector. Actions by the Federal Reserve and the U.S. Treasury have been swift, but this remains a developing situation. In case you’re wondering if OneAmerica® might be impacted, we want to assure you that: OneAmerica has zero direct exposure to Silicon Valley Bank or to Signature Bank of New York. OneAmerica has exceptional capital strength and diverse sources of liquidity. OneAmerica continues to
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Asset Care annuity withholding process update due to IRS guidelines
New withholding process for Asset Care annuities effective 12/10/2022 Jan. 1, 2023 in all states, IRS guidelines around taxable distributions from retirement plans and annuities will change, requiring a modification to our application process affecting our Asset Care Annuity Funding Whole Life option, as well as Asset-Care II/III (California). Starting 12/10/2022, this guideline change will necessitate collection of a new “Statement of Understanding – Withholding” form as well as IRS Form W-4P to indicate the policyholder’s future withholding preference prior to issue. Please view the video above to learn about this process change. If you have any additional questions,
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Announcing another price decrease on our Asset Care portfolio
It’s time for another timely price decrease on our Asset Care product portfolio JEFF LEVIN, VP, CARE SOLUTIONS DISTRIBUTION For the second time in 2022, OneAmerica® is announcing a price decrease on our Asset Care product portfolio across the country, effective Dec. 9, 2022. Our long-term perspective, disciplined approach and more than 30 years of experience in asset-based long-term care allow us to confidently improve the value to our stakeholders. Backed by our financial strength and commitment to this market, OneAmerica will simply be there when our customers need us most. Learn more about new business submission rules leading up
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Care Solutions News, November 2022
Succeed as One A Thanksgiving Message from Jeff Levin With the arrival of November, there are many things we all are grateful for. Jeff has a special message to everyone this Thanksgiving below. – Jeff Operations updates Prepare for year-end: Review key dates and holiday hours We’re dedicated to helping you have a smooth and successful year-end. To ensure you’re prepared, review our holiday hours, new business processing guidelines for 2022 production, and details about this year’s required minimum distribution waiver. Thanksgiving closure, newsletter distribution OneAmerica will be closed Thursday, Nov. 24 and Friday, Nov. 25 for
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