In response to the current interest rate environment, new business interest rates for Annuity Care and Annuity Care II/III will be decreasing **effective June 11, 2012**.
The new rates will be as follows:
Annuity Care
Long-Term Care Fund: 1.70%
Cash Fund: 1.20%
Cash Fund Maximizer Option: 1.20%
Annuity Care II/III
Long-Term Care Accumulated Value (LTCAV): 1.60%
Accumulated Value (AV): 1.20%
Current new business rates may be preserved based on the method of funding: Cash Transactions: We must receive a completed application with full premium in the Home Office by the end of business on Friday, June 8, to preserve the current interest rates.
Transfer/1035 Transactions: We must receive a completed application with completed transfer or 1035 paperwork no later than Friday, June 8. All pending transfers or 1035s must be fully funded by Friday, August 10, to preserve the current interest rates.