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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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

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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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

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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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

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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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Change to Underwriting Medical Requirements

Immediate Change to Medical Requirements for Full Underwriting Due to a laboratory test kit being discontinued, our vendor, ExamOne, now requires a blood specimen to complete the panel of tests full underwriting requires. Effective immediately, blood specimens will be required on those adults ages 35 and up for face amounts $0-99,999, on products issued and underwritten by State Life. This change will not impact Underwriting’s processing time and only applies to full underwriting. This does not affect Expedited Underwriting. You can view the complete chart on page 13 of the updated Care Solutions Process Guide, I-33758. Please make sure any
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Care Solutions News, May 2022

Care Solutions Sales & Support Teams Find your key sales contacts using our current territory map.   Tools and resources Our 2021 Financial Results The 2021 OneAmerica Annual Report is now available. If you are interested in further details about our financials, please refer to the following resources for additional information: About OneAmerica About OneAmerica Fact Sheet (C-26066) About Financial Ratings Financial Ratings Data Sheet (C-26210) About State Life About State Life (C-26169) About AUL About AUL Fact Sheet (C-26067) Spread the Word: OneAmerica Is Here For Your Clients The unexpected can change everything in the blink of an eye.
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Announcing Price Decrease for our Asset Care Portfolio

Announcing Price Decrease for our Asset Care Portfolio JEFF LEVIN, VP, CARE SOLUTIONS Today, OneAmerica is announcing a price decrease on our Asset Care product portfolio nationwide, effective May 26, 2022. OneAmerica® was one of the first companies to increase prices on our asset-based LTC product back in 2019. While not popular, that decision made our product more resilient and created a solid future to serve our customers. Because of this approach, this product has remained a strong option in the asset-based long term care market and we are now one of the first companies to be able to offer
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Care Solutions News, April 2022

Care Solutions Sales & Support Teams Find your key sales contacts using our current territory map.   Operations updates New feature in OneSource Online (OSO) – Make Policy Changes Online Beginning this month, a new feature will be added to the policy page in OSO. You will now have the option to make an Online Service Request on behalf of your client instead of ordering a paper form to be sent to the client or taking a service form to a client in person. Transactions available include making address, beneficiary or bank draft changes as well as requesting loans, dividends,
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Care Solutions News, March 2022

Care Solutions Sales & Support Teams Find your key sales contacts using our current territory map.   Operations updates OneAmerica closed on Good Friday OneAmerica will be closed on Friday, April 15, for the Good Friday holiday. Normal operations will resume on Monday, April 18, 2022.   Fair Credit Reporting Act Authorization Information In response to a regulatory requirement, we recently updated/added the Fair Credit Reporting Act Authorization Form (I-34341) to our process for all underwritten products. This authorization is automatically included within eApp, and for those unable to use our electronic application system, the Fair Credit Reporting Act Authorization
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Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Anti-Money Laundering (AML) Refresher Training

As REQUIRED by federal regulation, all producers writing permanent life or annuity products must complete the Anti-Money Laundering (AML) training. Each producer that completed AML training prior to January 1, 2022 is required to complete AML renewal training by June 30, 2022. The renewal course titled “Anti-Money Laundering for Insurance Review – AML and Cryptocurrency” will automatically be assigned by LIMRA and takes approximately 30 minutes to complete. Mutual of Omaha has contracted LIMRA to provide anti-money laundering training at no cost to you. Once you’ve completed the course, LIMRA will automatically send Mutual of Omaha a notification. You will
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Categories: Industry News, Life Insurance, and Mutual of Omaha (& Affiliates).