In response to the current interest rate environment, new business interest rates for Annuity Care® and Annuity Care II/III will be decreasing effective August 1, 2014.
The new rates will be as follows:
Annuity Care
- Long-Term Care Fund: 1.70%
- Cash Fund: 1.40%
- Cash Fund Maximizer Option: 1.40%
Annuity Care II/III
- Long-Term Care Accumulated Value (LTCAV): 2.60%
- Accumulated Value (AV): 1.80%
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 Thursday, July 31, to preserve the current interest rates.
Transfer/1035 Transactions: We must receive a completed application with completed transfer or 1035 paperwork no later than Thursday, July 31. All pending transfers or 1035s must be fully funded by Tuesday, September 30, to preserve the current interest rates.