Annuity Care II New Money Rates are Increasing Effective 03/15/21
Effective Monday, March 15, 2021, new business interest rates for some OneAmerica® company products are changing.
- Annuity Care new money rates are decreasing in 26 states (see rate sheet), and not changing in the remaining states.
- Annuity Care II new money rates are increasing.
- All other rates remain unchanged.
New Care Solutions interest rates
Annuity Care
LTC fund: 1.25%
Cash fund: 0.55% *
* Current cash fund rate varies by state. Review the rate sheet for details.
Annuity Care II
LTC accumulated value single/joint annuitant: 1.05%
Accumulated value single/joint annuitant: 1.00%
Transition rules
Current new business rates for Annuity Care may be preserved based on the funding method.
- Cash transactions: We must receive a completed application with full premium in the Home Office by end of business on Friday, March 12, 2021, to preserve current interest rates.
- Transfer/1035 transactions: We must receive a completed application with completed transfer or 1035 paperwork no later than Friday, March 12, 2021. All pending transfers or 1035s must be fully funded by Friday, May 14, 2021, to preserve current interest rates.
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.