Asset-based Long-term Care

Study Finds 46% of Financial Professionals Don’t Recommend LTC

OneAmerica® study highlights how financial planning can miss a likely need

A study on perceptions of long-term care (LTC) protection conducted by OneAmerica, in collaboration with Hanover Research, found that only 54% of financial professionals are currently recommending or offering LTC protection to clients. The study, which included a survey of more than 400 financial professionals, aimed to better understand their behaviors and views related to LTC planning and selling LTC products. While just over half of surveyed financial professionals currently include LTC  more...

When It Comes to Care, Family Comes First

Many people may be expecting help but haven’t talked to loved ones

More than two-thirds of Americans (71%) say if they had an illness or injury that required care assistance for an extended period of time (long-term care), they would expect a family member or close friend to oversee and/or provide that care. However, only 50% of Americans say they’ve had a conversation with family members or close friends about who will provide or oversee their long-term care (LTC) in the event they needed it. A recent survey, conducted online by The Harris Poll on behalf  more...

'Ditch the Rear-View Mirror' When Planning for Income in Retirement

As retirement nears, consider protection from what’s down the road

When it comes to planning for retirement, too many people–and financial professionals–are stuck looking backward, said Scott Hall, regional sales director at OneAmerica®. "Often, the Baby Boomers are still focused on asset accumulation, rather than what’s going to happen when they start using those assets for income in their day-to-day living," Hall said. In the coming years, the first wave of Baby Boomers will turn 80. More than half of them will need some form of long-term care (LTC) at  more...

OneAmerica, Alzheimer’s Association Launch National Effort to Prepare for Care

Nationwide sponsorship to kick off at long-term care conference in Chicago

Today, one in three seniors dies with Alzheimer’s Disease or another dementia1, but most people don’t prepare for the long-term care needs of Alzheimer’s until they or someone close to them is diagnosed. Often, that’s too late to ensure they are ready, financially and otherwise, to care for someone living with Alzheimer’s. To help encourage families to have conversations about preparing for their care before there’s a need, OneAmerica® announced it is launching a national initiative with the  more...

Holidays Offer a Chance to Talk About More than Turkey

Planning for future care, expenses should be on the menu, too

Across the United States, families will be gathering over the coming weeks, talking about family news, meals—and possibly, having crucial discussions about care for loved ones. In a recent survey conducted online by The Harris Poll on behalf of OneAmerica®, 60 percent of Americans say if they had a debilitating disease or chronic illness that required long-term care for five years or longer, they would prefer to receive care in their home, either from a family member or hired caregiver1.   more...

Survey: Nearly 4 in 10 Americans 65+ haven’t talked with others about preparing for possible need of long-term

Conversations can help families prepare financially

Nearly 4 in 10 Americans age 65 and over – 37 percent – say they haven't had conversations with anyone about preparing for their possible need of long-term care (LTC). The proportion was similar to American adults overall, 38 percent of whom said they hadn't had such conversations. A recent survey conducted online by The Harris Poll on behalf of OneAmerica® asked 2,006 adults age 18 and over1 whether they’d had conversations with a family member, spouse or partner, friend, health care  more...

OneAmerica® Taps Individual Life Veterans for Strategic Leadership Roles

Deep market knowledge positions teams for further growth

OneAmerica® today announced new expanded roles for two experienced Individual Life and Financial Services leaders. Chris Coudret will lead distribution and market strategy for all individual life products, and Tracey Edgar will lead sales and distribution for Care Solutions asset-based long-term care products. Both have been instrumental in driving growth of the Care Solutions product suite. "We are looking to continue to build upon our success as a market leader among asset-based long-term  more...

OneAmerica and Hannover Re US Announce Life/LTC Benefits Combination Product Reinsurance Agreement

OneAmerica® and Hannover Life Reassurance Company of America (Hannover Re US), member of the Hannover Re Group, a leading global reinsurer, have entered into a reinsurance agreement related to the Asset Care long-term care (LTC) protection business written by The State Life Insurance Company®, a OneAmerica company. Asset Care is a combination whole life insurance product that features guaranteed death benefits with cash values, while providing long-term care (LTC) benefits through acceleration  more...

OneAmerica Summer Interns Participate in Community Service Day

Boys & Girls Club of Indianapolis hosts engaged volunteers

A OneAmerica® tradition of involving its newest employees in community service continued today as 29 summer interns volunteered at the Lilly Boys & Girls Club, 801 S. State Ave., Indianapolis. Interns invested their time with a variety of hands-on work, including landscaping, interacting with the children and assisting with arts and craft activities. OneAmerica encourages interns to participate in a community service project as part of its corporate commitment to making a lasting impact on the  more...

Annuities underutilized for tax-free LTC benefits, data suggests

New guide aims to educate consumers and financial professionals on options

About 18 percent of all U.S. households own a deferred annuity, estimates the LIMRA Secure Retirement Institute, yet data suggest many annuities will never be activated for monthly income, leaving potential tax consequences for beneficiaries. Many of these individuals can benefit by learning more about exchanges under Internal Revenue Code section 1035 of the Federal Tax Law, which can offer tax benefits for beneficiaries as well as provide tax-free long-term care (LTC) benefits, should they  more...