Care Solutions Interest Rate Notice Effective 04/15/2024
New business interest rates for some OneAmerica® Care Solutions products are changing effective Monday, April 15, 2024.
New money rates are not changing for:
- Annuity Care®
- Annuity Care II®
- Indexed Annuity Care®
Guaranteed rates for Annuity Care II and Indexed Annuity Care are decreasing.
We have made a change to the format of the New Money Interest Rate Memo. Moving forward, the New Money Rate memo will only include new money rates and will no longer include some of the historical rates. This change aims to make the information easier to digest and more efficient for your reference.
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.