State Life – Interest Rate Notice

Access interest rates effective July 15

New business interest rates for the OneAmerica Care Solutions product suite are changing, effective Saturday, July 15, 2017. Annuity Care new money rates are decreasing. All other rates remain unchanged.
View all rates

The new Annuity Care rates will be as follows:   

Annuity Care

LTC fund: 1.60%

Cash fund: 1.20%   

Important: These new rates will be reflected on software version 6.42 (7-15-17), which can be downloaded beginning July 15 from OSO. 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, July 14, to preserve current interest rates.
  • Transfer/1035 Transactions: We must receive a completed application with completed transfer or 1035 paperwork no later than Friday, July 14. All pending transfers to 1035s must be fully funded by Friday, Sept. 15, to preserve current interest rates.

Most Beneficial Rate:  Indexed Annuity Care offers your clients the opportunity to receive the best declared interest (or cap, or par) rate available between the date their application is received in the Home Office, and the effective date of the contract, if fully funded within 60 days of application. This feature is intended as an easy-to-do-business provision to provide you and your clients the peace of mind to know that they can receive the best declared rates during the application process. Annuity Care also offers this feature for 1035/transfer monies only.  

Posted in Bulletins, Rate Change.