OneAmerica Annuity Rates Changing on 10/15

Oct 10, 2019 • LTCI Partners

OneAmerica Annuity Rates Changing on 10/15

Access interest rates effective Oct. 15

Effective Tuesday, Oct. 15, 2019, some OneAmerica^® interest rates are changing.

Annuity Care II and Indexed Annuity Care new money rates are decreasing.
All other rates remain unchanged.
New Care Solutions rates and transition rules are listed below.

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New Care Solutions rates
Annuity Care II
LTC accumulated value: 1.00%
Accumulated value: 1.00%

Indexed Annuity Care
Point-to-point Cap: 2.00%
Point-to-point Par: 12.00%
Monthly average Cap: 2.00%
Monthly average Par: 15.00%
Fixed account: 1.00%

Transition rules
Current new business rates for Annuity Care II may be preserved based on the funding method:

Cash transactions: We must receive a completed application with full premium in the Home Office by the end of business on Monday, Oct. 14, to preserve current interest rates.
Transfer/1035 transactions: We must receive a completed application with completed transfer or 1035 paperwork no later than Monday, Oct. 14. All pending transfers to 1035s must be fully funded by Friday, Dec. 13, to preserve current interest rates.

Guaranteed Interest Rates changing Oct. 15

On Oct. 15, 2019, the Guaranteed Interest Rate for new issues of OneAmerica Individual Life and Financial Services deferred annuity products will change in some states. The guaranteed interest rate will decrease to 1.00% for the following products in approved states:

Indexed Annuity Care (all states where product is sold)
Annuity Care II (all states where product is sold except for WA and NV)

View all rates »

Transition rules for GIR change
Indexed Annuity Care and Annuity Care II

Cash transactions: We must receive a completed application with full premium in the Home Office by end of business on Monday, Oct. 14, to preserve current interest rates.
Transfer/1035 transactions: We must receive a completed application with completed transfer or 1035 paperwork no later than Monday, Oct. 14. All pending transfers to 1035s must be fully funded by Friday, Dec. 13, to preserve current interest rates.

Note: The Guaranteed Interest Rate applies to both the cash and LTC fund values.

Most Beneficial Rate: Indexed Annuity Care offers your clients the opportunity to receive the best declared interest (or cap, or par) rate available between the date their application is received in the Home Office, and the effective date of the contract, if fully funded within 60 days of application. This feature is intended as an easy-to-do-business provision to provide you and your clients the peace of mind to know that they can receive the best declared rates during the application process. Annuity Care also offers this feature for 1035/transfer monies only.

Note: All products may not be available in all states or may vary by state. Policies are issued by The State Life Insurance Company®, Indianapolis, Indiana.

For use with financial professionals only. Not for public distribution.

OneAmerica® is the marketing name for the companies of OneAmerica. The companies of OneAmerica® : American United Life Insurance Company®, The State Life Insurance Company®, OneAmerica Retirement Services LLC, McCready and Keene, Inc., OneAmerica Securities, Inc., and Pioneer Mutual Life Insurance Company®, a stock subsidiary of American United Mutual Insurance Holding Company.

© OneAmerica Financial Partners, Inc. All rights reserved.

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OneAmerica Annuity Rates Changing on 10/15

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