Updates and changes to our Asset Care® portfolio

Updates and changes to our Asset Care® portfolio OneAmerica® is committed to the long-term care (LTC) market and to offering products that bring value to both the agents and clients we serve together. To help ensure the longevity of our Care Solutions product portfolio and confidently continue to keep our promises to you and your clients, we must continually monitor market conditions, practices, pricing and features and make adjustments as needed. Below is information on upcoming changes to be aware of:   Changes on Asset Care Single Premium, Annuity Funding Whole Life and Asset-Care I in California We’ll be making
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Return to pre-COVID guidelines: COI no longer required for every case

Return to pre-COVID guidelines: COI no longer required for every case Effective immediately, we will no longer require a Certificate of Insurability (COI) to be completed at policy delivery if premium is submitted with the application and the policy is issued standard or better. As long as the premium is submitted with the application, doesn’t have a substandard rating, and bound via a temporary insurance agreement (such as in Cash with App cases), no COI will be required. Additionally, we will no longer require a COI to be completed prior to initiating a request of funds or 1035 exchange. This
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Suspension of Asset Care Sales in Washington State, effective Aug. 14

Suspension of Asset Care Sales in Washington State, effective Aug. 14 We have been monitoring the sales and regulatory environment created by the WA Cares Fund. It’s important for OneAmerica® to regularly assess risk to protect our ability to deliver on promises made today and long into the future. Accordingly, we have decided to temporarily suspend sales of our Asset Care product in Washington state effective Aug. 14, 2021.   New Business Submission Rules Beginning Aug. 14, 2021, Asset Care applications in Washington will no longer be accepted. All eApp or paper applications must be received in the Home Office
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Care Solutions News, July 2021

Care Solutions Sales & Support Teams Find your key sales contacts using our current territory map.   Tools and resources Start the LTC conversation and make connections with our interactive site Our interactive consumer website was designed to help your existing and prospective clients envision their retirement and begin to understand the impact that a long-term care event could have on realizing that vision. It’s a great way to get them thinking about a concept that might not be top of mind for them or their families. In addition to the social media posts we’ve already provided to help you
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

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.

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.

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.

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.

OneAmerica Care Solutions News

Care Solutions Sales & Support Teams Find your key sales contacts using our current territory map.   News to know Reminder: Care Solutions wholesaling updates As we announced last month, we’ve restructured our Care Solutions wholesaling model to provide geographically aligned support instead of account-aligned support. This change, effective Jan. 1, 2021, means that our regional sales directors are available to meet producers where they are and support agencies locally. RSDs are aligned by state, based on the address of your office and the residential addresses of your producers. Review our updated map and contact list for details about your
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.