OneAmerica Price Change Deadline Coming Sept. 24

From OneAmerica:

Just a quick reminder that we are one day out from the application deadline to maintain current pricing for OneAmerica Asset Care Single Premium and current 20% bonus on Asset Care Annuity Funded Whole Life.

See below for full transition guidelines:

Overview

Sept. 24, 2021

Last day to submit Asset Care applications with the 20% bonus for Annuity Funding Whole Life submissions, the old rates for Asset Care Single Premium in all states, and/or Asset-Care I in California. Submissions must meet the following application and funding criteria:

Application

• eApps: Must be locked and sent for signature by close of business on Sept. 24, 2021, and they must be received in the Home Office by close of business at 5 p.m. ET on Oct. 1, 2021.

• Paper apps: Must be received in the Home Office by close of business at 5 p.m. ET on Sept. 24, 2021.

Funding

• All cases submitted prior to Sept. 25, 2021, must have an issue date no later than Dec. 30, 2021, to receive old policy rates. Be aware, OneAmerica offices are closed on Friday, Dec. 31, 2021, for the New Year’s holiday.

Timeline

Sept. 24, 2021

• eApps must be locked (apps not yet signed but sent for signature) by close of business at 5 p.m. ET.

• Signed paper apps must be received in the Home Office by close of business at 5 p.m. ET.

Sept. 25, 2021: Implementation date/Effective date for new rates

• Sales Connection/iPipeline eApps and quoting updated with new rates.

Oct. 1, 2021

• Signed eApps previously locked and sent for signature must be received in Home Office by close of business at 5 p.m. ET.

Dec. 30, 2021

• On cases submitted prior to Sept. 25, 2021, all requirements including premium must be received in the Home Office by close of business at 5 p.m. ET. The case may be processed in 2022, but will have an issue date of Dec. 30, 2021, or earlier.