Effective April 1, 2014, the previously announced new Continuation of Benefits (COB) rider available with Asset-Care and Annuity Care sales will be released in 8 additional states: Colorado, Hawaii, Idaho, Kansas, Oklahoma, New Hampshire, New Jersey, and Washington.
Back and better than ever:
Asset-Care® and Annuity Care® Continuation of Benefits Rider
As a reminder, the new, updated COB rider offers:
- Lifetime benefit periods – returning with their previous parameters
- Expanded inflation protection offerings (may vary by state)
- A new 20-pay premium option (Asset-Care only)
All while retaining the industry-leading, unbeatable COB features your clients desire:
- Guaranteed premiums that can never increase
- Unisex premium rates – at a time when other LTCi products are separating prices by gender with sharply increased female premiums
- The ability to provide joint life benefits from a single policy
So that you may begin illustrating these expanded COB offerings, be sure to download updated State Life illustration software version 5.91 on www.ols.oneamerica.com – available Tuesday, April 1. Updated applications, forms and Sales Connection e-App will also be available Tuesday, April 1.