OneAmerica Asset Care, the market leading hybrid long term care insurance policy that provides lifetime unlimited LTC benefits and joint life options for couples is changing its pricing July 1st. The deadline to receive current pricing is June 28th, 2019
By Jan. 1, 2020, all issuers of life insurance are required to reprice their products according to the 2017 CSO mortality tables.
OneAmerica has updated the benefits and pricing within its whole-life based Asset Care product suite, and OneAmerica will be launching a new Asset Care product July 1st.
The Asset Care market launch is occurring in the following 40 states July 1st.
• Market launch in AL, AK, AR, CO, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NV, NH, NM, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, WV, WI, WY
We do not have new pricing, however in the past repricing on long term care policies typically has increased 20% - 30% with various underwriters. With the uniqueness of the Asset Care policy - it is the only hybrid LTC policy that offers Lifetime Unlimited Benefits and joint life - a price jump in this 20% - 30% range is to be expected. If you are interested in this policy, it will certainly be in your best interest to submit your application before the deadline.
OneAmerica Asset Care Deadline Transition Rules
To receive current Asset Care pricing the following rules apply:
Paper applications must be received in home office by the end of business on June 28, 2019.
Electronic applications must be locked and sent for signature by June 28, 2019.
OneAmerica Asset Care Illustrations And Quotes
To receive your customized OneAmerica Asset Care illustrations please call me directly at (800) 891-5824 or you may request a quote through our online request form.
Should you want to apply for coverage to beat the June 28th deadline, the application process is fast and easy. We will generally need 15-20 minutes by phone to complete your application.