OneAmerica Financial Enhances Asset Care Product Suite for Greater Flexibility in Long-Term Care Planning
OneAmerica Financial has announced enhancements to its Asset Care product suite aimed at providing greater flexibility and customization options for long-term care (LTC) planning. The updates include a new three-year Acceleration of Benefits option, expanding from the previous two-year offering, which allows clients more control over coverage duration while balancing LTC benefits with legacy goals in some cases resulting in death benefits equal to or exceeding premiums paid. Additionally, OneAmerica has expanded its Annuity Funding Whole Life (AFWL) solution, enabling eligible individuals to use qualified retirement assets to fund long-term care protection through whole life insurance policies. The company is also introducing new annuity income rider options—5-year and 20-year—to complement existing offerings like the 10-year rider, allowing for more tailored funding timelines. These enhancements respond to growing consumer demand for personalized LTC planning solutions that address retirement strategies, tax considerations, estate preservation, and family ownership needs. By integrating annuities with whole life insurance policies featuring long-term care benefits, clients can better manage their financial security while supporting income and legacy objectives.
