State Life – Interest Rate Notice

Interest Rate Notice

New business interest rates for the OneAmerica Care Solutions product suite are changing, effective Tuesday, August 15, 2017.

Asset-Care, Annuity Care, Annuity Care II/III and Legacy Care new money rates are not changing. Indexed Annuity Care new money rates are mixed. New Indexed Annuity Care rates are listed below. 

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The new rates will be as follows: 
 
Indexed Annuity Care
Point-to-point Cap: 2.15%
Point-to-point Par: 20.00%
Monthly average Cap: 2.30%
Monthly average Par: 33.00%
Fixed account: 1.10%
 
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.