OneAmerica Launches Enhanced Asset Care

From OneAmerica:

As the care needs of Americans continue to evolve, OneAmerica is pleased to announce that starting Oct. 21, 2024, enhanced long-term care protection options will be available for Asset Care, including:

• Added benefits to support informal caregiving, independent caregiving and care received at home

• Simplified benefit period options to make tailoring a plan and designing coverage easier than ever before 

• Expanded inflation protection options to help safeguard against rising costs of long-term care over time

• An increased benefit that provides direct physical, financial and emotional support for informal caregivers; and 

• Improved value through enhanced pricing for many clients.

OneAmerica Financial is here with you every step of the way — providing support, empathy, and strategies to help ease burdens so families can focus on what matters most.

Transition Rules: Moving an existing Asset Care 2019 case to Asset Care 2024 
Quoting tools: All quoting tools will be available on Oct. 21

For previously issued business

• Cases issued on/after Sept. 30, 2024, may transfer to Asset Care 2024.

• The new case MUST use the same premium amount as the originally-issued case.

For pending cases

• Any case submitted prior to Oct. 21, 2024, that hasn’t yet issued, may transfer to Asset Care 2024

• Beginning Oct. 7, 2024, OneAmerica Financial Case Management will request instructions prior to issuing any Asset Care 2019 case.  

Requirements for moving an existing Asset Care 2019 case to Asset Care 2024

• Complete new application, part 1 only.

• Provide new quote/illustration.

• Provide updated Certificate of Insurability, if expired.

• For either previously issued or pending cases, all requirements must be received by Nov. 4, 2024, to qualify for conversion to Asset Care 2024.

Requirements and issue instructions should be communicated with your case manager.