One America is pleased to announce, effective IMMEDIATELY, the 4% acceleration option (25-month base) is now back for joint-life Asset-Care cases! As you’re likely aware, this typically creates more monthly LTC benefit as compared to the 2% or 3% acceleration options.
Details may be viewed in the official announcement here: OneAmerica® Expands Joint Asset Care Offering and I’ve compiled a short list of need to know items:
- Pending joint cases can be converted to the 4% acceleration upon request and submission of a new illustration
- Cases issued on or after July 1, 2023, can be reissued upon request and submission of a new illustration. Requests must be in to OA case manager by 8/31
- COB options on the joint policy with 4% acceleration (25 month base) are an additional 25 months, additional 50 month OR Lifetime
- If you have any cases that we’ve run you or you’re currently working on, please reach out to rerun using the 4%!
- August 22, 2023
- Benkis Barrueta
- Carrier News, Long Term Care
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