Hybrid: Whole Life and/or Annuities with LTC Benefits

Single, short, or continuos-pay asset-based Long Term Care funding solutions

 

Care Solutions

Holding Stock in Your Future,
Not the Future of Wall Street

OneAmerica® includes a family of financial companies. As a mutual organization, OneAmerica has no shareholders. We are accountable only to our clients or policyholders. That means our priority is serving you — the people and businesses on “Main Street.”

We offer high-quality products and services to help you, our clients, prepare for your future. We embrace company values as our catalyst for working with you toward your objectives. We continuously pursue financial integrity in preparation for fulfilling promises to our policyholders. We provide life insurance, retirement services, asset-based long-term care and employee benefits. These are the companies of OneAmerica.

 

A.M. Best rates OneAmerica A+ (Superior)

Policyholders refer to A.M. Best's ratings and analysis to assess the financial strength and creditworthiness of insurance organizations. A.M. Best Co. affirmed the A+ (Superior) financial strength rating for the following OneAmerica companies: American United Life Insurance Company® (AUL) and its affiliates: The State Life Insurance Company and Pioneer Mutual Life Insurance Company. An A+ (Superior) rating is the second highest of 16 possible ratings, and it reflects the strengths of OneAmerica companies, including: Consistency, Diversification, Risk management, Growth, Performance, Capital position, Retention

OneAmerica Care Solutions Products are issued by The State Life Insurance Company.

 

Asset Care Annuity Care Index Annuity Care Annuity Care II Immediate Care Legacy Care

Whole life insurance or whole life and annuity combination that allows access to 100% of the life policy death benefit and/or annuity cash value for qualifying LTC expenses (paid monthly)

  • Multiple versions allow clients to use almost any asset as a funding source.
  • Optional Rider can provide lifetime protection at never-to-increase premiums
  • Patented joint life insurance option provides benefits for two insureds with a single, second-to-die contract

Single premium Annuity that allows access to its cash value for qualifying LTC expenses with a higher credited interest rate for these funds

  • No medical exams
  • Underwriting normally completed within 72 hours of receipt of the application at the home office
  • Optional benefit can provide additional protection at never-to-increase premiums

 

(View Product Specs)

Single premium fixed indexed annuity that provides benefits for qualifying LTC expenses

  • Medically underwritten, so your clients must qualify for coverage.
  • Your clients are able to link their contract’s
    growth through several crediting strategies
    linked to the S&P 500® index — allowing them
    to enjoy growth during years of positive gain,
    and protection from losses in down years.
  • As your clients’ account value grows, so too does the amount available for qualifying LTC expenses.
  • Extended LTC benefits can be purchased at time of application with the Continuation of Benefits (COB) rider.

 

(View Product Specs)

Single premium deferred annuity that combines long-term asset growth and long term care (LTC) protection. With built-in Continuation of Benefits provision, clients are provided with a combination of the annuity value and additional long term care benefits should they be needed.

  • No medical exams
  • Qualifies for Pension Protection Act advantages
  • Multiple LTC benefit period options
  • Reimbursement and indemnity claims options

 

(View Product Specs)

A single-premium immediate annuity designed for individuals currently in a long term care setting

  • Designed to help manage family assets an limit losses to an estate
  • Proprietary underwriting method used to provide increased annuity income payments to clients currently in a care setting

 

(View Product Specs)

A single-premium deferred annuity designed for the senior market

  • Issue ages 0 - 99
  • Interest rate bailout provision provides clients protection from decreases in future credited interest rates
  • A no additional premium benefit increase provision can transform Legacy Care into a funding source for Immediate Care, should LTC become a need

 

(View Product Specs)

 

 

 

 

 

 

 

 

Asset-Care is designed to help clients protect their assets by using the security of life insurance to provide long-term care benefits. With their premium, clients receive a guaranteed amount of life insurance, all of which can be used for qualifying long-term care expenses. In addition, premium is credited with a guaranteed interest rate and the cash value increases each month.

 

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Asset-Care is designed to help clients protect their assets by using the security of life insurance to provide long-term care benefits. With their premium, clients receive a guaranteed amount of life insurance, all of which can be used for qualifying long-term care expenses. In addition, premium is credited with a guaranteed interest rate and the cash value increases each month.

 

 

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Asset-Care is designed to help clients protect their assets by using the security of life insurance to provide long-term care benefits. With their premium, clients receive a guaranteed amount of life insurance, all of which can be used for qualifying long-term care expenses. In addition, premium is credited with a guaranteed interest rate and the cash value increases each month.

 

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Asset-Care is designed to help clients protect their assets by using the security of life insurance to provide long-term care benefits. With their premium, clients receive a guaranteed amount of life insurance, all of which can be used for qualifying long-term care expenses. In addition, premium is credited with a guaranteed interest rate and the cash value increases each month.

 

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With Annuity Care, a single-premium deferred annuity, clients can access cash value for qualifying LTC expenses with a higher credited interest rate for these funds. Annuity Care can offer an attractive alternative for LTC self-funders.

Annuity Care is a product uniquely positioned to take advantage of the Pension Protection Act, which allows certain tax advantages for annuities with long-term care provisions. 

 

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As the market’s first and only fixed-indexed annuity with long-term care (LTC) benefits, Indexed Annuity Care is uniquely positioned to help your clients grow their assets, protect them from downside risk, and help create a barrier between themselves and the risks associated with LTC expenses.

Indexed Annuity Care also offers unique tax advantages afforded by the Pension Protection Act (PPA), including income-tax free withdrawals for qualifying LTC expenses (if contract funded with after-tax dollars).

 

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Annuity Care II is a fixed annuity that combines long-term asset growth and long-term care protection. With its built-in long-term care (LTC) provisions, your clients can access their annuity annuity value and additional LTC benefits should they be needed.

Combined with the tax advantages provided by the Pension Protection Act (effective for qualified long-term care claims beginning Jan. 1, 2010), Annuity Care II is well positioned to provide what consumers are looking for in retirement and long-term care protection products.

 

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Retirement can provide many challenges, foreseen and unforeseen. Perhaps the current priority is to plan for a retirement income stream, or perhaps retirement has thrown a curve ball with unexpected long-term care costs. Regardless of the need, ImmediateCare provides income that can be counted on.

ImmediateCare is a single premium immediate annuity that offers two options: ImmediateCare SPIA for retirement income and ImmediateCare Plus for income to help with the cost of LTC expenses.

ImmediateCare SPIA can help individuals plan for their post-working years with a guaranteed income stream. The current average retirement age is in the mid-60s, while our country’s average life expectancy is in the 80s. That means that it’s more important than ever to plan for a long retirement. ImmediateCare SPIA can be an effective way to ensure financial stability during these retirement years by providing a supplementary income to Social Security and other income sources while helping ensure that assets cannot be outlived.

ImmediateCare Plus is specifically designed to help those facing the expense of long-term care. Regardless of how long care lasts, ImmediateCare Plus can help maintain the level of quality care desired — whether in assisted living, respite care or care in a home, hospice or adult day care. ImmediateCare Plus can close the gap between income, such as Social Security and pensions, and the cost of care. It not only frees the family from difficult choices but also can help to preserve the estate.

 

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Legacies are created in many ways: through deeds, family, love and wealth. Legacy Care offers clients a financial vehicle to help grow and protect their legacy.

The Legacy Care annuity can accumulate cash value at a competitive credited interest rate. This rate renews at the beginning of each policy year and may fluctuate annually. However, with Legacy Care, if the renewal interest rate ever drops below the first-year rate, the policy owner may cancel the policy with no surrender charges. Additionally, there are no service or administrative fees.

 

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