New rates for Annuity Care, Annuity Care II/III and Indexed Annuity Care are listed below.
The new rates will be as follows:
LTC fund: 2.00 %
Cash fund: 1.35%
Annuity Care II/III
LTC accumulated value single/joint annuitant: 2.00 %
Accumulated value single/joint annuitant: 1.35%
Indexed Annuity Care
Point-to-point Cap: 2.20%
Point-to-point Par: 20.00%
Monthly average Cap: 2.20%
Monthly average Par: 30.00%
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.