Back and better than ever:
Asset-Care® and Annuity Care® Continuation of Benefits Rider
Effective January 1, 2015, the previously announced new Continuation of Benefits (COB) rider available with Asset-Care and Annuity Care sales will be released in California.
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
Note that also effective January 1, 2015, Annuity Care will no longer accept qualified money premium sources in California (CA only).
So that you may begin illustrating these expanded COB offerings, be sure to download updated State Life illustration software version 6.10 on www.ols.oneamerica.com – available Friday, January 2. Updated applications, forms and Sales Connection e-App will also be available Friday, January 2.
Please contact the Sales Desk at 1-800-275-5101 with any questions or for assistance.
States previously made available: Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Washington, D.C., Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin and Wyoming.