Coming July 1st to 38 states: Updated Asset Care with new pricing
Act now to lock in lower premiums for your clients on the current product
By Jan. 1, 2020, all issuers of life insurance are required to reprice their products according to the 2017 CSO mortality and morbidity tables.
OneAmerica has updated the benefits and pricing within their whole-life based Asset Care product suite, and they will be launching a new product on July 1! Click here for the original bulletin from OneAmerica.
States affected: AL, AK, AR, CO, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NV, NH, NM, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, WV, WI, WY
ACT NOW!
Transition timeline
June 27, 2019
- Signed paper app must be received by NewmanLTC by 5 PM in order to be processed and submitted to the Home Office by 6/28 deadline
June 28, 2019
- Signed paper app must be received by Home Office by end of business
- eApps must be locked (apps not yet signed but sent for signature)
- Interview must be ordered with LTCG
IMPORTANT: eApps can only be used if producers already have a OneAmerica writing code. First time application submitting producers must use the paper application process.
June 29, 2019
- eApps and quoting updated
- The new product is available for quoting and submission in the launch states
- Underwriting interviews for the new product can be ordered with LTCG in launch states
July 1, 2019
- Market launch in the 38 states
July 12, 2019
- Signed eApps previously locked and sent for signature for the current product must be received in Home Office by end of business